Form 4: Ouster Inc. COO Darien Spencer Sells Shares to Cover Tax Obligations
SEC Form 4
Ouster Inc.'s Chief Operating Officer, Darien Spencer, sold 248 shares of common stock on December 16, 2024, to cover withholding taxes related to the vesting of restricted stock units.
Summary
- On December 16, 2024, Darien Spencer, the Chief Operating Officer of Ouster, Inc., sold 248 shares of the company's common stock.
- The sale was executed at a price of $9.08 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 291,470 shares of Ouster, Inc.
Sentiment
Score: 6
Explanation: The document reports a routine transaction (sale of shares to cover taxes). It's neutral as it doesn't indicate positive or negative performance of the company.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives and are generally not indicative of the executive's long-term outlook on the company.
Key Dates
| Date | Description |
|---|---|
| 12/16/2024 | Date of stock sale transaction. |
| 12/18/2024 | Date of signature on the Form 4 filing. |
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