OM.NASDAQOutset Medical, INC

Form 4: Outset Medical SVP Sells Shares to Cover Tax Obligations

Sentiment:

SEC Form 4

📋All filings for Outset Medical, INC
🔒Login to Follow

Marc Nash, SVP of Operations and R&D at Outset Medical, sold 1,293 shares of common stock to cover tax withholding obligations related to vesting RSUs.

Summary

  • On August 15, 2024, Marc Nash, SVP of Operations and R&D at Outset Medical, sold 1,293 shares of the company's common stock.
  • The shares were sold at a price of $0.84 per share.
  • The sale was executed to cover tax withholding obligations associated with the vesting of 3,584 shares of common stock underlying RSUs.
  • These RSUs were granted to Mr. Nash on March 8, 2021, March 15, 2021, March 15, 2022, March 15, 2023, and July 24, 2023.
  • Following the transaction, Mr. Nash beneficially owns 239,397 shares of Outset Medical common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a routine sale to cover tax obligations and doesn't reflect a change in the executive's confidence in the company.

Management Comments

  • This 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, especially after RSU vesting events. This is a routine transaction and doesn't necessarily indicate a negative outlook on the company.

Key Dates

DateDescription
March 8, 2021Date of RSU grant to reporting person.
March 15, 2021Date of RSU grant to reporting person.
March 15, 2022Date of RSU grant to reporting person.
March 15, 2023Date of RSU grant to reporting person.
July 24, 2023Date of RSU grant to reporting person.
08/15/2024Date of stock sale to cover tax obligations.

Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.