Outset Medical counsel sells shares for tax withholding
Outset Medical, Inc. reported that its General Counsel, John L. Brottem, sold 2,842 shares of Common Stock at $3.35 per share in an open-market transaction.
Rhea-AI Filing Summary
Outset Medical, Inc. reported that its General Counsel, John L. Brottem, sold 2,842 shares of Common Stock at $3.35 per share in an open-market transaction. According to the footnote, this was a required “sell to cover” sale to satisfy tax withholding on 5,032 vesting RSU shares and was not a discretionary trade. Following the transaction, he directly owned 32,935 shares of Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,842 shares
Net Sell
1 txn
Insider
Brottem John L.
Role
General Counsel
Sold
2,842 shs ($10K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,842 | $3.35 | $10K |
Holdings After Transaction:
Common Stock — 32,935 shares (Direct)
Footnotes (1)
- F1. Required number of shares sold by the reporting person to cover partial tax withholding obligations in connection with the vesting of an aggregate of 5,032 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Outset Medical (OM) insider John L. Brottem’s Form 4 report?
The Form 4 reports that General Counsel John L. Brottem sold 2,842 shares of Outset Medical Common Stock at $3.35 per share. The sale was an open-market transaction executed to cover tax withholding obligations tied to vesting restricted stock units, not a discretionary trade.
What RSU vesting triggered the tax-withholding sale reported for Outset Medical (OM)?
The sale was tied to vesting of an aggregate 5,032 shares of Common Stock underlying RSUs granted on January 12, 2024 and June 10, 2025. Shares were sold solely to satisfy related tax withholding obligations through a broker-assisted “sell to cover” transaction.
Was the Outset Medical (OM) insider sale a discretionary trade by the General Counsel?
No. The footnote states the sale does not represent a discretionary trade by John L. Brottem. It describes the transaction as required to satisfy tax withholding obligations from RSU vesting, structured as a “sell to cover” open-market sale rather than a voluntary share disposal.
AI-generated analysis. How Rhea-AI works. Not financial advice.