Director at Outset Medical (OM) receives 10,667-share stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HACKETT PATRICK T reported acquisition or exercise transactions in this Form 4 filing.
Outset Medical, Inc. director Patrick T. Hackett received a grant of 10,667 shares of common stock as a stock award at a stated price of $0.00 per share. These RSUs will vest 100% on the earlier of the one-year anniversary of the grant date or the company’s next Annual Meeting of Stockholders.
Following this grant, Hackett holds 105,839 shares of Outset Medical common stock directly. He also has indirect ownership of 41,666 shares through the Hackett Family Fund and 83,333 shares through the GST Trust as of the transaction date.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
HACKETT PATRICK T
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 10,667 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 105,839 shares (Direct, null);
Common Stock — 83,333 shares (Indirect, GST Trust)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 10,667 shares
Grant price: $0.00 per share
Direct holdings after grant: 105,839 shares
+2 more
5 metrics
RSU grant size
10,667 shares
Common stock award to director Patrick Hackett
Grant price
$0.00 per share
Stated price for RSU grant
Direct holdings after grant
105,839 shares
Patrick Hackett direct ownership following transaction
Hackett Family Fund holdings
41,666 shares
Indirect ownership through Hackett Family Fund
GST Trust holdings
83,333 shares
Indirect ownership through GST Trust
Key Terms
RSUs, Annual Meeting of Stockholders, Grant, award, or other acquisition, indirect ownership
4 terms
RSUs financial
"100% of the shares underlying these RSUs will vest upon the earlier"
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.
Annual Meeting of Stockholders financial
"the date of the Issuer's next Annual Meeting of Stockholders"
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition"
indirect ownership financial
""ownership_type": "indirect", "ownership_code": "I""
FAQ
What did Outset Medical (OM) director Patrick Hackett report in this Form 4?
Patrick Hackett reported receiving 10,667 shares of Outset Medical common stock as a stock award. The grant was priced at $0.00 per share and reflects compensation, not an open-market purchase, and increased his directly held stake in the company.
Was Patrick Hackett’s Outset Medical (OM) Form 4 transaction a market purchase or sale?
No, the reported transaction was a stock award grant, not a market trade. The Form 4 shows a grant of 10,667 shares at $0.00 per share, categorized as a compensation-related acquisition rather than an open-market buy or sell of existing shares.
What indirect Outset Medical (OM) holdings are reported for Patrick Hackett?
Patrick Hackett reports two indirect holdings in Outset Medical common stock. These include 41,666 shares held through the Hackett Family Fund and 83,333 shares held through the GST Trust, in addition to his directly owned shares reported in the filing.