Durable Capital reports 0% ownership in Outset Medical (OM) in 13G/A
Rhea-AI Filing Summary
Outset Medical, Inc. received an amended Schedule 13G/A from Durable Capital Partners reporting that it no longer beneficially owns any of the company’s common stock. The filing shows 0 shares beneficially owned and a 0.0% ownership of the class, with no voting or dispositive power reported.
The reporting person confirms its holdings are below 5% of the class and states that any securities referenced were acquired and held in the ordinary course of business, not for the purpose of changing or influencing control of Outset Medical.
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FAQ
What does Durable Capital Partners report in this Schedule 13G/A for OM?
Durable Capital Partners reports beneficial ownership of 0 shares of Outset Medical common stock, representing 0.0% of the class. The filing indicates it has no sole or shared voting or dispositive power over any Outset Medical shares.
Why did Durable Capital Partners file an amended Schedule 13G/A for Outset Medical (OM)?
The amended Schedule 13G/A reflects that Durable Capital Partners’ beneficial ownership in Outset Medical common stock has fallen to 5 percent or less. The filing now shows 0 shares and 0.0% ownership, triggering updated disclosure of its reduced position.
How much of Outset Medical’s common stock does Durable Capital Partners now own?
Durable Capital Partners reports owning 0 shares of Outset Medical common stock and a 0.0% interest in the class. The cover information shows zero sole or shared voting power and zero sole or shared dispositive power over any shares.
What does ‘ownership of 5 percent or less of a class’ mean in this OM filing?
The filing’s Item 5 states ownership of 5 percent or less of Outset Medical’s common stock. In this case, Durable Capital Partners reports 0 shares and 0.0% of the class, confirming it is no longer a 5% beneficial owner.
Is Durable Capital Partners seeking to influence control of Outset Medical (OM)?
No. The certification states the securities were acquired and are held in the ordinary course of business and not for changing or influencing control of Outset Medical, nor in connection with any transaction having that purpose or effect.