Form 4: Ouster CFO Mark Weinswig Reports Acquisition of Restricted Stock Awards

Ouster's Chief Financial Officer, Mark Weinswig, reports the acquisition of 83,087 shares of common stock subject to time-based restrictions.

Summary

• Mark Weinswig, the Chief Financial Officer of Ouster, Inc., filed a Form 4 on April 01, 2024.
• The report details a transaction on March 28, 2024, where Weinswig acquired 83,087 shares of Ouster common stock.
• These shares are subject to time-based restrictions on transfer, referred to as Restricted Stock Awards (RSAs).
• Each RSA represents a contingent right to receive one share of Ouster's common stock.
• The RSAs vest in two equal installments on December 11, 2024, and September 11, 2025, contingent upon Weinswig's continued service with the company.
• Following the reported transaction, Weinswig beneficially owns 256,790 shares of Ouster common stock.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Industry Context

This filing is a routine disclosure related to executive compensation and is common for publicly traded companies. It provides transparency into the equity holdings of key personnel.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder confidence due to the CFO increasing their stake in the company.

Key Dates