Form 4: Ouster CFO Mark Weinswig Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Ouster's Chief Financial Officer, Mark Weinswig, sold 3,079 shares of common stock on March 12, 2024, to cover withholding taxes related to the vesting of restricted stock units.
Summary
- On March 12, 2024, Mark Weinswig, the Chief Financial Officer of Ouster, Inc., sold 3,079 shares of the company's common stock.
- The sale was executed to cover withholding taxes incurred upon the vesting and settlement of restricted stock units.
- The shares were sold at a weighted average price of $5.1287, with individual transactions ranging from $5.0850 to $5.1312.
- Following the transaction, Weinswig directly owns 173,703 shares of Ouster's common stock.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, not indicative of positive or negative sentiment towards 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. This transaction is a routine financial activity and doesn't necessarily indicate a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 03/12/2024 | Date of the stock sale transaction. |
| 03/13/2024 | Date of signature on the Form 4 filing. |
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