Form 4: Ouster Inc. CEO Charles Angus Pacala Acquires 138,478 Shares of Common Stock
SEC Form 4 Filing
Ouster Inc.'s CEO, Charles Angus Pacala, acquired 138,478 shares of common stock on March 28, 2024, and now beneficially owns 700,859 shares.
Summary
- On March 28, 2024, Charles Angus Pacala, the President and CEO of Ouster, Inc., acquired 138,478 shares of Ouster's common stock.
- The acquisition was in the form of Restricted Stock Awards (RSAs) at a price of $0.00 per share.
- Following the transaction, Pacala directly owns 700,859 shares of Ouster's common stock.
- The RSAs vest in two equal installments on December 11, 2024, and September 11, 2025, contingent upon Pacala's continued service with the company.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a standard SEC filing detailing stock ownership changes. The CEO's acquisition of shares is a positive sign, but it's part of a pre-determined compensation plan.
Positives
- The CEO's acquisition of shares could be interpreted positively, signaling confidence in the company's future prospects.
Future Outlook
The vesting of the RSAs is contingent upon the Reporting Person's continued service through the applicable vesting date.
Industry Context
This filing is a routine disclosure related to executive compensation and ownership changes, common in publicly traded companies.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment, as it signals confidence from the CEO.
Key Dates
| Date | Description |
|---|---|
| 03/28/2024 | Date of transaction: Charles Angus Pacala acquired 138,478 shares of Ouster's common stock. |
| 12/11/2024 | First vesting date for RSAs: Half of the RSAs vest, contingent upon continued service. |
| 09/11/2025 | Second vesting date for RSAs: Remaining half of the RSAs vest, contingent upon continued service. |
| 04/01/2024 | Date of Form 4 filing. |
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