Form 4: Ouster CFO Mark Weinswig Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Ouster's Chief Financial Officer, Mark Weinswig, sold 597 shares of common stock on February 29, 2024, to cover withholding taxes related to the vesting of restricted stock awards.
Summary
- On February 29, 2024, Mark Weinswig, the Chief Financial Officer of Ouster, Inc., sold 597 shares of the company's common stock.
- The sale was executed at a price of $5.43 per share.
- This transaction was conducted to cover withholding taxes incurred upon the vesting and settlement of restricted stock awards.
- Following the transaction, Weinswig directly owns 176,782 shares of Ouster's common stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover taxes) and doesn't indicate any significant positive or negative sentiment.
Industry Context
This is a routine transaction for executives who receive stock-based compensation. It is common for them to sell a portion of their shares to cover the taxes associated with the vesting of those shares.
Key Dates
| Date | Description |
|---|---|
| 02/29/2024 | Date of stock sale transaction |
| 03/04/2024 | Date of Form 4 filing |
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