Form 4: Ouster Inc. COO Darien Spencer Reports Sale of Shares to Cover Tax Obligations
SEC Form 4
Ouster Inc.'s Chief Operating Officer, Darien Spencer, sold shares of common stock to cover withholding taxes related to the vesting and settlement of restricted stock units.
Summary
- On June 12, 2024, Darien Spencer, the Chief Operating Officer of Ouster, Inc., sold 3,836 shares of common stock at a price of $11.1411 per share.
- The sale was executed to cover withholding taxes incurred upon the vesting and settlement of restricted stock units.
- Following the transaction, Spencer directly owns 309,967 shares of Ouster's common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a routine stock sale to cover tax obligations. It doesn't indicate any significant positive or negative developments for the company.
Industry Context
This is a routine transaction for executives who receive stock as part of their compensation. It is common for them to sell a portion of their shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/12/2024 | Date of the stock sale transaction. |
| 06/13/2024 | Date of signature on the Form 4 filing. |
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