Form 4: Ouster Inc. COO Darien Spencer Reports Sale of Shares to Cover Tax Obligations
SEC Form 4 Filing
Ouster Inc.'s Chief Operating Officer, Darien Spencer, sold 286 shares of common stock on March 18, 2024, to cover withholding taxes related to the vesting of restricted stock units.
Summary
- On March 18, 2024, Darien Spencer, the Chief Operating Officer of Ouster, Inc., sold 286 shares of common stock.
- The sale was executed at a price of $4.84 per share.
- This transaction was conducted to cover withholding taxes incurred upon the vesting and settlement of restricted stock units.
- Following the transaction, Spencer directly owns 252,873 shares of Ouster, Inc.
- The sale was initiated by Ouster on behalf of the reporting person.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations. It doesn't indicate a positive or negative outlook for the company.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when restricted stock units vest.
Stakeholder Impact
- The sale of shares by an executive can have a minor impact on shareholder sentiment, but this type of transaction is generally viewed as routine.
Key Dates
| Date | Description |
|---|---|
| 03/18/2024 | Date of stock sale transaction. |
| 03/19/2024 | Date of signature on the Form 4 filing. |
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