Form 4: Ouster CFO Mark Weinswig Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Ouster's Chief Financial Officer, Mark Weinswig, sold 519 shares of common stock on August 29, 2024, at a price of $7.35 per share to cover withholding taxes related to vesting restricted stock awards.
Summary
- On August 29, 2024, Mark Weinswig, the Chief Financial Officer of Ouster, Inc., sold 519 shares of the company's common stock.
- The sale was executed at a price of $7.35 per share.
- The transaction was initiated by Ouster on behalf of Weinswig to cover withholding taxes incurred upon the vesting and settlement of restricted stock awards.
- Following the transaction, Weinswig directly owns 229,587 shares of Ouster common stock.
Sentiment
Score: 6
Explanation: The document is a routine SEC filing related to stock transactions by a company executive. The sale is for tax purposes, which is a neutral event. Therefore, the sentiment is neutral.
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 change in sentiment regarding the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 08/29/2024 | Date of the stock sale transaction. |
| 08/30/2024 | Date of signature on the Form 4 filing. |
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