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

Leslie Trigg, Chair and CEO of Outset Medical, sold 935 shares of common stock on May 15, 2025, to cover tax withholding obligations related to the vesting of restricted stock units.

Summary

• On May 15, 2025, Leslie Trigg, Chair and CEO of Outset Medical, Inc., sold 935 shares of common stock at a price of $17.8 per share.
• The sale was executed to cover tax withholding obligations associated with the vesting of 1,770 shares of common stock underlying restricted stock units (RSUs) granted on January 6, 2023, and January 12, 2024.
• This transaction was a 'sell to cover' transaction and does not represent a discretionary trade.
• Following the transaction, Trigg directly owns 58,129 shares of common stock and indirectly owns 41,666 shares through the Trigg 2002 Rev Trust and 584 shares through the Trigg Family Trust.
• The reported numbers have been adjusted to reflect a 1-for-15 reverse stock split that took place on March 20, 2025.
• Trigg also acquired 333 shares of common stock through the Outset Medical, Inc. 2020 Employee Stock Purchase Plan (ESPP) for the purchase period of September 1, 2024, to February 28, 2025.

Sentiment

Score: 6

Explanation: The document reflects a routine transaction (sell to cover) and doesn't convey strong positive or negative sentiment. It's a neutral disclosure required by SEC regulations.

Industry Context

Sales of shares to cover tax obligations upon vesting of RSUs are a common practice among company executives and do not necessarily indicate a change in the executive's confidence in the company.

Key Dates

Keywords

Outset Medical, Leslie Trigg, Form 4, Share Sale, Tax Withholding, RSUs, Reverse Stock Split, ESPP, Beneficial Ownership