Form 4: Ouster CFO Sells Shares to Cover Tax Obligations

Ouster's Chief Financial Officer, Mark Weinswig, sold 518 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 518 shares of the company's common stock on November 29, 2024.
• The sale was executed at a price of $9.7 per share.
• This transaction was to cover withholding taxes incurred upon the vesting and settlement of restricted stock awards.
• Following the transaction, Weinswig directly owns 193,672 shares of Ouster common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes and does not indicate any positive or negative sentiment about the company's performance.

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 is relatively small compared to the total holdings of the CFO, which is typical for these types of transactions.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders as it is a routine sale for tax purposes.

Key Dates

Keywords

Ouster, Mark Weinswig, CFO, stock sale, insider trading, restricted stock, tax withholding