Form 4: Ouster Director Susan Heystee Acquires Shares in Lieu of Cash Fees

Director Susan Heystee acquired 2,960 shares of Ouster, Inc. common stock in lieu of cash fees, increasing her total holdings to 118,774 shares.

Summary

• Susan Heystee, a director at Ouster, Inc., acquired 2,960 shares of common stock on January 6, 2025.
• These shares were received in lieu of cash fees as part of the company's Non-Employee Director Compensation Program.
• The acquisition price was $0, indicating the shares were granted rather than purchased.
• Following this transaction, Ms. Heystee's total beneficial ownership of Ouster common stock increased to 118,774 shares.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction, indicating a positive alignment of interests between the director and the company. It is a standard practice and does not suggest any negative sentiment.

Positives

• The acquisition of shares by a director demonstrates confidence in the company's future.
• The use of shares in lieu of cash fees can be seen as a positive for the company's cash flow.

Industry Context

This type of transaction is common for non-employee directors, aligning their interests with the company's performance and shareholders.

Comparison to Industry Standards

• Many companies use stock grants as part of their compensation packages for non-employee directors.
• This practice is common among technology companies, particularly those in the growth phase.
• The number of shares granted is within the typical range for director compensation.

Stakeholder Impact

• The transaction aligns the director's interests with those of shareholders.
• The use of stock instead of cash may be viewed positively by shareholders.

Key Dates

Keywords

Ouster, Director, Share Acquisition, Stock Grant, Beneficial Ownership, Non-Employee Director Compensation