OM Form 4: John Brottem Sells 383 Shares to Cover RSU Taxes
Rhea-AI Filing Summary
John L. Brottem, General Counsel and director of Outset Medical, reported a routine sell-to-cover transaction on 08/15/2025. He sold 383 shares of Outset Medical common stock at $12.88 per share to satisfy tax withholding obligations arising from the vesting of 748 RSU shares awarded on January 6, 2023 and January 12, 2024. After the transaction, Brottem beneficially owned 46,883 shares directly. The filing specifies the sale was to cover taxes and was not a discretionary trade by the reporting person.
Positive
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Insights
TL;DR: Routine sell-to-cover by an insider to satisfy RSU tax withholding; no material change to ownership.
The Form 4 shows a common, non-discretionary sell-to-cover of 383 shares at $12.88 per share to meet tax obligations tied to the vesting of 748 RSUs. Such transactions are customary and typically indicate no change in insider sentiment about company prospects. The report confirms direct beneficial ownership of 46,883 shares post-transaction, which remains sizable relative to a single insider but the filing provides no information on total outstanding shares or percent ownership.
TL;DR: Governance perspective: transparent disclosure of tax-related sale; transaction appears administrative rather than signaling.
The disclosure clearly states the sale was to satisfy withholding on RSU vesting from grants in 2023 and 2024 and "does not represent a discretionary trade." This language and the limited size of the sale suggest administrative intent. No other governance issues, such as unexpected departures or disposals, are indicated. The filing is complete for this event and follows Section 16 reporting requirements.