Form 4: Ouster CFO Mark Weinswig Sells Shares Under 10b5-1 Trading Plan

Ouster's Chief Financial Officer, Mark Weinswig, executed sales of common stock on April 2, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On April 2, 2024, Mark Weinswig, the Chief Financial Officer of Ouster, Inc., sold shares of the company's common stock.
• The sales were executed under a Rule 10b5-1 trading plan established on December 15, 2023.
• A total of 15,452 shares were sold at a weighted average price of $9.1618, with prices ranging from $8.94 to $9.47.
• Additionally, 4,538 shares were sold at a price of $10 per share.
• Following these transactions, Weinswig directly owns 236,800 shares of Ouster common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to stock sales by an executive. It doesn't inherently convey positive or negative sentiment, as it's a routine disclosure.

Industry Context

Sales by company executives are a normal part of corporate governance. The fact that the sales were executed under a 10b5-1 plan suggests that the executive made the decision to sell at a time when they were not in possession of material non-public information.

Stakeholder Impact

• The stock sale could have a minor negative impact on shareholder sentiment, although sales under 10b5-1 plans are generally viewed as less concerning.

Key Dates