Form 4: Ouster Inc. General Counsel Megan Chung Reports Sale of Shares to Cover Taxes
SEC Form 4 Filing
Megan Chung, General Counsel and Secretary of Ouster, Inc., reported selling 2,638 shares of common stock to cover withholding taxes upon the vesting of restricted stock units.
Summary
- On June 12, 2024, Megan Chung, General Counsel and Secretary of Ouster, Inc., sold 2,638 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, Chung directly owns 163,351 shares of Ouster, Inc.
- Chung also acquired 2,023 shares of common stock on May 15, 2024, through the company's 2022 Employee Stock Purchase Plan.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting an insider transaction, which is neutral in sentiment.
Industry Context
Form 4 filings are a routine part of insider trading activity and are required by the SEC to provide transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Reporting Person acquired 2,023 shares of common stock pursuant to the Company's 2022 Employee Stock Purchase Plan. |
| 06/12/2024 | Reporting Person sold 2,638 shares of common stock to cover withholding taxes. |
| 06/13/2024 | Date of signature for the Form 4 filing. |
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