Outset Medical (OM) counsel sells shares to cover taxes
Rhea-AI Filing Summary
Outset Medical, Inc. (OM) reported that General Counsel John L. Brottem sold 2,632 shares of common stock on 2026-08-17 at $4.39 per share. According to the company’s disclosure, the shares were sold in a non-discretionary “sell to cover” transaction to satisfy tax withholding obligations arising from the vesting of 5,033 RSU-based shares granted in 2024 and 2025. After this transaction, Brottem directly holds 87,475 shares of Outset Medical common stock.
Positive
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Negative
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Insider Trade Summary
Net Seller: 2,632 shares
Net Sell
1 txn
Insider
Brottem John L.
Role
General Counsel
Sold
2,632 shs ($12K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 2,632 | $4.39 | $12K |
Holdings After Transaction:
Common Stock — 87,475 shares (Direct)
Footnotes (1)
- F1. Required number of shares sold by the reporting person to cover tax withholding obligations in connection with the vesting of an aggregate of 5,033 shares of Common Stock underlying RSUs granted to the reporting person on January 12, 2024 and June 10, 2025. 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.
Key Figures
Shares sold: 2,632 shares
Sale price per share: $4.39
Shares held after transaction: 87,475 shares
+2 more
5 metrics
Shares sold
2,632 shares
Common stock sale on 2026-08-17 to cover tax withholding
Sale price per share
$4.39
Per-share price for 2,632 sold shares of common stock
Shares held after transaction
87,475 shares
Direct holdings of John L. Brottem following the sale
RSU shares vested
5,033 shares
Aggregate common shares underlying RSUs that vested and triggered tax withholding
Net insider share change
-2,632 shares
Net shares sold according to transaction summary
Key Terms
sell to cover, tax withholding obligations, RSUs
3 terms
sell to cover financial
"This sale was made to satisfy tax withholding obligations through a "sell to cover""
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
tax withholding obligations financial
"Required number of shares sold by the reporting person to cover tax withholding obligations"
RSUs financial
"underlying RSUs granted to the reporting person on January 12, 2024 and June 10, 2025"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
FAQ
What insider transaction did Outset Medical (OM) report for John L. Brottem?
Outset Medical reported that General Counsel John L. Brottem sold 2,632 shares of common stock on 2026-08-17 at $4.39 per share. The sale was a non-discretionary “sell to cover” for tax withholding tied to RSU vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.