Form 4: Ouster Inc. General Counsel Megan Chung Sells Shares to Cover Tax Obligations

Megan Chung, General Counsel and Secretary of Ouster, Inc., sold 3,085 shares of common stock on March 12, 2025, to cover withholding taxes related to the vesting of restricted stock awards.

Summary

• On March 12, 2025, Megan Chung, the General Counsel and Secretary of Ouster, Inc., sold 3,085 shares of Ouster's common stock.
• The sale was executed to cover withholding taxes incurred upon the vesting and settlement of restricted stock awards.
• The shares were sold at a weighted average price of $7.6292, with individual transactions ranging from $7.4141 to $7.6323.
• Following the transaction, Chung directly owns 146,562 shares of Ouster's common stock.

Sentiment

Score: 5

Explanation: This is a neutral event. It's a routine transaction for tax purposes and doesn't necessarily indicate a positive or negative outlook on the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This sale appears to be a standard transaction to cover tax obligations related to stock vesting.

Stakeholder Impact

• The sale has a minimal impact on shareholders as it is a small percentage of the total outstanding shares and is related to tax obligations.

Key Dates