Form 4: Ouster CFO Sells Shares to Cover Tax Obligations

Ouster's Chief Financial Officer, Mark Weinswig, sold 19,712 shares of common stock to cover withholding taxes related to vested restricted stock awards.

Summary

• Mark Weinswig, the Chief Financial Officer of Ouster, Inc., sold 19,712 shares of common stock on December 12, 2024.
• The sale was executed at a price of $9.6906 per share.
• This transaction was to cover withholding taxes incurred upon the vesting and settlement of restricted stock awards.
• Following the transaction, Mr. Weinswig directly owns 173,960 shares of Ouster common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, not indicative of positive or negative sentiment.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock vests.

Comparison to Industry Standards

• Sales of shares by executives to cover tax obligations are a common practice across the industry.
• Many companies use restricted stock units as part of their compensation packages, leading to similar tax-related sales.
• The number of shares sold and the price are specific to Ouster and its stock performance.

Stakeholder Impact

• The sale has a minor impact on the total number of outstanding shares.
• The transaction is not expected to have a significant impact on the stock price.

Key Dates

Keywords

Ouster, Mark Weinswig, Chief Financial Officer, stock sale, Form 4, insider trading, restricted stock, tax withholding