Form 4: Ouster CFO Mark Weinswig Sells Shares to Cover Tax Obligations
SEC Form 4
Ouster's Chief Financial Officer, Mark Weinswig, sold 2,540 shares of common stock on September 12, 2024, to cover withholding taxes related to the vesting of restricted stock units.
Summary
- On September 12, 2024, Mark Weinswig, the Chief Financial Officer of Ouster, Inc., sold 2,540 shares of the company's common stock.
- The sale was executed at a price of $6.1633 per share.
- The transaction was conducted to cover withholding taxes incurred upon the vesting and settlement of restricted stock units.
- Following the transaction, Weinswig directly owns 227,047 shares of Ouster common stock.
Sentiment
Score: 6
Explanation: The document reflects a routine transaction (sale of shares to cover taxes) and doesn't suggest any significant positive or negative sentiment regarding the company's prospects.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives and are generally not indicative of a negative outlook on the company's future.
Stakeholder Impact
- The sale has a minimal impact on shareholders as it is a small transaction by an individual officer to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 09/12/2024 | Date of the stock sale transaction. |
| 09/16/2024 | Date of signature on the Form 4 filing. |
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