Form 4: Outset Medical CEO Leslie Trigg Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Leslie Trigg, Chair and CEO of Outset Medical, sold shares to cover tax withholding obligations related to the vesting of restricted stock units.
Summary
- On August 15, 2024, Leslie Trigg, Chair and CEO of Outset Medical, sold 5,308 shares of common stock at a price of $0.84 per share.
- The sale was executed to cover tax withholding obligations associated with the vesting of 14,740 shares of common stock underlying RSUs granted on March 15, 2021, January 26, 2022, and January 6, 2023.
- Following the transaction, Trigg directly owns 910,496 shares of Outset Medical common stock and indirectly owns 8,770 shares through the Trigg Family Trust.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sell to cover taxes) and has no inherent positive or negative implications for the company's outlook.
Industry Context
Sales to cover tax obligations are a routine part of equity compensation for executives.
Key Dates
| Date | Description |
|---|---|
| March 15, 2021 | Date of grant for a portion of the RSUs. |
| January 26, 2022 | Date of grant for a portion of the RSUs. |
| January 6, 2023 | Date of grant for a portion of the RSUs. |
| August 15, 2024 | Date of stock sale to cover tax obligations. |
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