Form 4: Ouster Director Ernest E Maddock Reports Changes in Beneficial Ownership

Director Ernest E Maddock reported changes in beneficial ownership of Ouster, Inc. common stock, including the acquisition of restricted stock units.

Summary

• On June 21, 2024, Ernest E Maddock, a director of Ouster, Inc., reported changes in his beneficial ownership of the company's common stock.
• Maddock acquired 15,195 shares of common stock through restricted stock units (RSUs).
• These RSUs vest in quarterly installments until the earlier of June 21, 2025, or the company's next annual meeting of stockholders, contingent upon continued service.
• Following the reported transaction, Maddock beneficially owns 61,119 shares of Ouster, Inc. common stock.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a standard regulatory filing. The acquisition of RSUs could be seen as a slightly positive sign, but it's not a major event.

Positives

• The acquisition of RSUs by a director signals confidence in the company's future performance.

Future Outlook

The vesting of RSUs is contingent upon the Reporting Person's continued service through the applicable vesting date.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders.

Stakeholder Impact

• The transaction provides shareholders with insight into the director's holdings and alignment with the company's performance.

Key Dates