The sales are small relative to market cap and pre-planned under 10b5-1 programs, so they carry limited signal. Monitor the next 10-Q for any change in insider selling patterns or guidance revisions, but the earnings beat and reaffirmed outlook suggest no near-term concern.
How the stock moved after the report
⚠ Clustered NEUTRAL VIEWSTOCK ABOVE ENTRY AT T+1- T+0 · Nov 2 $23.77entry
- T+1 · yesterday +4.96%α +3.31% · $24.95
- T+2 · todayOpen
- T+5 · in 5d Pending
- T+20 · in 27d Pending
- T+60 · in 3mo Pending
Price Chart
REPLAYWatch the reaction play outHow similar events traded
Executive Summary
Two SI-BONE insiders (SVP/Chief Legal Officer and CFO) sold a combined $740K in open-market sales on October 29, 2026, both under 10b5-1 plans. The sales occurred on the same day the company reported Q3 2026 earnings that beat consensus on both revenue and EPS, with revenue up 14.5% YoY and guidance reaffirmed. The total sales represent 0.07% of market cap, below the 0.1% materiality threshold, making the cluster routine in size despite the earnings context.
Key Financial Metrics
Key Facts
- Two insiders sold a total of $740K in open-market sales on October 29, 2026
- Both sales were under 10b5-1 plans, indicating pre-planned transactions
- Total sales represent 0.07% of SI-BONE's $1.0B market cap
- Sales occurred on the same day as Q3 2026 earnings beat (revenue $55.7M vs $55.3M consensus, EPS -$0.08 vs -$0.13 consensus)
- Company reaffirmed FY2026 revenue guidance of $231M-$233M and reduced opex growth expectation to 10.5%
Financial Impact
Total insider sales of $740K, or 0.07% of market cap
Risk Factors
- Insider sales, while small and pre-planned, could be perceived negatively by the market if sentiment shifts
- The company remains unprofitable (GAAP net loss), though losses are narrowing
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-SIBN-1793657976054 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Nov 4, 2026 today | Insider Cluster | $24.00 | awaiting T+20 | awaiting T+20 | $24.95 (+3.96%) |
Nov 4, 2026 today | 144 | $24.00 | awaiting T+20 | awaiting T+20 | $24.95 (+3.96%) |
Nov 4, 2026 today | 144 | $24.00 | awaiting T+20 | awaiting T+20 | $24.95 (+3.96%) |
Nov 4, 2026 today | 144 | $24.00 | awaiting T+20 | awaiting T+20 | $24.95 (+3.96%) |
Nov 2, 2026 2d ago | Insider Cluster | $23.77 | awaiting T+20 | awaiting T+20 | $24.95 (+4.96%) |
Nov 2, 2026 2d ago | 8-K | No price | awaiting T+20 | awaiting T+20 | No price |
Nov 2, 2026 2d ago | Press Release | $23.77 | awaiting T+20 | awaiting T+20 | $24.95 (+4.96%) |
Oct 29, 2026 6d ago | 144 | $21.23 | awaiting T+20 | awaiting T+20 | $24.95 (+17.52%) |
Oct 29, 2026 6d ago | 144 | $21.23 | awaiting T+20 | awaiting T+20 | $24.95 (+17.52%) |
Oct 19, 2026 16d ago | Press Release | $20.54 | awaiting T+20 | awaiting T+20 | $24.95 (+21.47%) |
US Market Status
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