Form 4: Outset Medical's General Counsel Sells Shares to Cover Tax Obligations

John L. Brottem, General Counsel of Outset Medical, Inc., sold 396 shares of common stock to cover tax withholding obligations related to vesting RSUs.

Summary

• On May 15, 2025, John L. Brottem, General Counsel of Outset Medical, Inc., sold 396 shares of common stock at a price of $17.82 per share.
• The sale was executed to cover tax withholding obligations associated with the vesting of 748 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' arrangement and not a discretionary trade by Mr. Brottem.
• Following the transaction, Mr. Brottem beneficially owns 11,273 shares of Outset Medical, Inc.
• All share numbers reflect the 1-for-15 reverse stock split that Outset Medical, Inc. implemented on March 20, 2025.

Sentiment

Score: 6

Explanation: The document reports a routine transaction (sell to cover taxes) by an executive, which is neither particularly positive nor negative. The reverse stock split is a neutral event.

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 negative outlook on the company's future.

Stakeholder Impact

• The sale of shares by a company executive could have a minor impact on shareholder sentiment.

Key Dates

Keywords

Outset Medical, John L. Brottem, Form 4, Share Sale, Tax Withholding, RSUs, Reverse Stock Split, OM