Outset Medical (OM) CEO sells shares to cover PSU tax obligations
Rhea-AI Filing Summary
Outset Medical, Inc. Chair and CEO Leslie Trigg reported a small sale of company stock that was made only to cover taxes. On January 7, 2026, she sold 1,795 shares of common stock at $4.27 per share in a transaction coded “S,” described as a “sell to cover” for tax withholding related to previously earned PSUs. According to the disclosure, this sale was required to satisfy tax obligations and “does not represent a discretionary trade.”
Following the sale, Trigg beneficially owned 119,617 shares of common stock directly, plus 41,666 shares held indirectly through the Trigg 2002 Rev Trust and 584 shares held indirectly through the Trigg Family Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,795 | $4.27 | $8K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- F1. Required number of shares sold by the reporting person to cover tax withholding obligations in connection with 4,904 shares of Common Stock underlying PSUs (i) which were, as previously reported, originally earned based on the achievement of applicable performance criteria as of December 31, 2024 or January 6, 2025, as applicable, as certified by the Compensation Committee of the Issuer's Board of Directors on January 17, 2025 and (ii) vested and were released on January 6, 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Outset Medical (OM) disclose in this Form 4 filing?
The filing shows that Leslie Trigg, Chair and CEO of Outset Medical, Inc., reported a sale of common stock that was made to cover tax withholding obligations tied to previously earned PSUs.
Was the Outset Medical CEOs stock sale a discretionary trade?
No. The footnote states the shares were sold to satisfy tax withholding obligations through a sell to cover transaction and do not represent a discretionary trade by Leslie Trigg.
What tax event triggered the sell-to-cover transaction for OM stock?
The sale was tied to tax withholding on 4,904 shares of common stock underlying PSUs that were earned based on performance criteria and that vested and were released on January 6, 2025.
What is Leslie Triggs role at Outset Medical (OM) according to this filing?
The filing identifies Leslie Trigg as both a Director and an Officer of Outset Medical, Inc., with the officer title of Chair and CEO.