Form 4: Outset Medical CEO Leslie Trigg Sells Shares to Cover Tax Obligations

Leslie Trigg, Chair and CEO of Outset Medical, sold 14,611 shares of common stock to cover tax withholding obligations related to the vesting of Restricted Stock Units (RSUs).

Summary

• Leslie Trigg, the Chair and CEO of Outset Medical, sold 14,611 shares of the company's common stock on February 18, 2025.
• The sale was executed at a price of $0.9 per share.
• The purpose of the sale was to cover tax withholding obligations associated with the vesting of 28,379 shares of common stock underlying RSUs.
• These RSUs were granted to Ms. Trigg on March 15, 2021, January 6, 2023, and January 12, 2024.
• The sale was conducted as a 'sell to cover' transaction to satisfy these tax obligations.
• Following the transaction, Ms. Trigg directly owns 880,969 shares of Outset Medical common stock.
• She also indirectly owns 8,770 shares through the Trigg Family Trust.

Sentiment

Score: 6

Explanation: The document describes a routine transaction (sell to cover taxes). It's neutral in sentiment as it doesn't indicate positive or negative performance for the company.

Management Comments

• The sale was made to satisfy tax withholding obligations through a 'sell to cover' transaction and does not represent a discretionary trade by the reporting person.

Industry Context

Insider sales to cover tax obligations are a common occurrence and are generally viewed as routine transactions.

Stakeholder Impact

• The sale of shares by an insider could be perceived negatively by some shareholders, although it is a routine transaction.

Key Dates