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

Megan Chung, General Counsel and Secretary of Ouster, Inc., sold 5,800.2 shares of common stock on March 26, 2025, at a weighted average price of $11.24 to cover taxes incurred upon the vesting of restricted stock units.

Summary

• On March 26, 2025, Megan Chung, the General Counsel and Secretary of Ouster, Inc., sold 5,800.2 shares of Ouster's common stock.
• The sale was executed at a weighted average price of $11.24 per share.
• The shares were sold to cover taxes incurred upon the vesting of restricted stock units.
• Following the transaction, Chung directly owns 220,761.8 shares of Ouster's common stock.
• The sale was conducted under a Rule 10b5-1 trading plan established on December 13, 2024.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a routine transaction related to tax obligations and a pre-planned trading plan.

Industry Context

This is a routine Form 4 filing, indicating an insider transaction. It's common for executives to sell shares to cover tax obligations related to equity compensation. The use of a 10b5-1 plan suggests the transaction was pre-planned and not based on any inside information.

Stakeholder Impact

• The sale could have a minor impact on shareholders due to the small volume of shares sold.
• The transaction has no direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Ouster, Megan Chung, Form 4, Share Sale, Rule 10b5-1, Insider Trading, General Counsel, Stock Transaction, Restricted Stock Units, Beneficial Ownership