Form 4: Ouster Inc. General Counsel Megan Chung Reports Sale of Shares to Cover Tax Obligations

Megan Chung, General Counsel and Secretary of Ouster, Inc., reported selling 3,200 shares of common stock on March 12, 2024, to cover withholding taxes related to the vesting of restricted stock units.

Summary

• On March 12, 2024, Megan Chung, the General Counsel and Secretary of Ouster, Inc., sold 3,200 shares of Ouster's common stock.
• The sale was executed at a weighted average price of $5.1286 per share, with individual transactions ranging from $5.0801 to $5.1312.
• The purpose of the sale was to cover withholding taxes incurred upon the vesting and settlement of restricted stock units.
• Following the transaction, Chung directly owns 93,812 shares of Ouster common stock.

Sentiment

Score: 5

Explanation: This is a neutral event. It's a routine transaction to cover tax obligations and doesn't necessarily reflect a positive or negative outlook on the company.

Industry Context

This is a routine Form 4 filing, indicating a transaction by a company insider. Such filings are common and provide transparency into the trading activities of company executives and directors.

Stakeholder Impact

• The sale of shares by an insider could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.

Key Dates