SI‑BONE SVP of Operations Executes Massive RSU Sell‑to‑Cover, Adding 172,000 Shares Amid Strategic Buy‑Back Strategy

Insider Activity Highlights the Strategic Value of Restricted Stock Units

The latest filing from SI‑BONE’s senior legal officer, Michael P. PiseTSKY, shows a bundle of restricted stock unit (RSU) vestings that will generate 58,720 shares on February 16, 2026. The RSUs are structured to vest quarterly over four years, with a “sell‑to‑cover” requirement that will trigger multiple sell‑offs on February 17 to satisfy tax withholding. The total sell‑off volume on that day was 8,508 shares, all executed at average prices between $15.13 and $15.64—well below the $15.75 buy price recorded on February 16. This pattern reflects a standard tax‑hedging strategy rather than a discretionary market move.

What Investors Should Take Away

The volume and timing of these transactions are typical for senior executives who hold significant RSU balances. The fact that PiseTSKY is simultaneously buying additional common stock (114 k and 57 k shares) on the same day suggests confidence in the company’s long‑term prospects. For investors, the key takeaway is that the insider is aligning his holdings with the company’s performance trajectory: he is increasing exposure while simultaneously meeting tax obligations, which signals a balanced approach to wealth management.

Implications for SI‑BONE’s Future

SI‑BONE’s stock has rebounded from a 52‑week low of $12.50 to a current price of $15.25, marking a 3.35 % weekly gain. The company’s negative earnings (P/E = –30.03) and modest market cap of $665 million mean that valuation remains sensitive to earnings turnaround. Insider buying—especially by a senior officer—often signals management’s belief that the company’s operational strategy (e.g., upcoming product launches at the TD Cowen conference) will improve cash flows. Coupled with the recent surge in social‑media buzz (≈ 200 % intensity), the stock could attract short‑term momentum traders, but long‑term investors will likely focus on the company’s earnings trajectory.

Profile of Michael P. PiseTSKY

PiseTSKY’s historic trade record shows a steady stream of RSU vestings and associated sell‑to‑cover transactions. From October 2025 to February 2026, he sold a total of roughly 23 k shares at prices ranging from $14.11 to $20.15, while acquiring over 300 k shares during the same period. His most recent activity—buying 172 k shares on February 16—constitutes a significant increase in his holding base. The pattern indicates that he prefers to manage his RSU portfolio through tax‑efficient sell‑to‑cover trades, while strategically adding to his stake during periods of perceived undervaluation. This disciplined approach, combined with his role as SVP of Operations & Administration and Chief Legal Officer, positions him as a key stakeholder aligned with SI‑BONE’s long‑term strategic objectives.