Form 4: Ouster Inc. General Counsel Megan Chung Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Megan Chung, General Counsel and Secretary of Ouster, Inc., sold 2,644 shares of common stock on September 12, 2024, to cover withholding taxes related to vested restricted stock units.
Summary
- On September 12, 2024, Megan Chung, the General Counsel and Secretary of Ouster, Inc., sold 2,644 shares of Ouster's common stock.
- The sale was executed at a price of $6.1633 per share.
- The transaction was initiated by Ouster on behalf of Ms. Chung to cover withholding taxes incurred upon the vesting and settlement of restricted stock units.
- Following the transaction, Ms. Chung directly owns 160,707 shares of Ouster's common stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover taxes). It doesn't indicate positive or negative sentiment.
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 insider could have a minor negative impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 09/12/2024 | Date of the stock sale transaction. |
| 09/16/2024 | Date of signature on the Form 4 filing. |
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