Form 4: D Keith Grossman Reports Conversion of Preferred Stock to Common Stock in Outset Medical, Inc.

D Keith Grossman, a director of Outset Medical, Inc., reports the conversion of Series A Non-Voting Convertible Preferred Stock into Common Stock following stockholder approval.

Summary

• On March 10, 2025, D Keith Grossman reported the conversion of Series A Non-Voting Convertible Preferred Stock into Common Stock of Outset Medical, Inc.
• The conversion occurred after the Issuer's stockholders approved the conversion at a meeting held on March 5, 2025.
• Each share of Preferred Stock automatically converted into 250 shares of Common Stock on March 10, 2025.
• Grossman indirectly owns 192,686 shares of Common Stock through the Grossman Family Trust and directly owns 74,035 shares.
• 750 shares of Series A Non-Voting Convertible Preferred Stock were converted.

Sentiment

Score: 7

Explanation: The document reflects a standard corporate action (stock conversion) with no inherent positive or negative implications. The sentiment is neutral to slightly positive as it simplifies the company's capital structure.

Positives

• The conversion of preferred stock to common stock simplifies the capital structure of Outset Medical, Inc.

Industry Context

This filing is a routine disclosure related to insider transactions and capital structure adjustments, common in publicly traded companies.

Stakeholder Impact

• The conversion of preferred stock to common stock may have a slight dilutive effect on existing common shareholders.

Key Dates