Form 4: Ouster Inc. COO Darien Spencer Reports Stock Sale to Cover Tax Obligations
SEC Form 4 Filing
Ouster Inc.'s Chief Operating Officer, Darien Spencer, sold 248 shares of common stock on June 18, 2024, to cover withholding taxes related to the vesting of restricted stock units.
Summary
- On June 18, 2024, Darien Spencer, the Chief Operating Officer of Ouster, Inc., sold 248 shares of common stock at a price of $10.87 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 309,719 shares of Ouster's common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock sale for tax purposes, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a small sale of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/18/2024 | Date of stock sale transaction |
| 06/20/2024 | Date of signature on the Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.