Director Stephen Skaggs trims Ouster (OUST) stake with 5,000-share sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ouster, Inc. director Stephen A. Skaggs sold 5,000 shares of Common Stock in an open-market transaction at $30.00 per share. The sale occurred on May 5, 2026 and was made pursuant to a pre-arranged Rule 10b5-1 trading plan dated September 8, 2025.
After this transaction, Skaggs directly holds 61,690 Ouster shares, so the sale represents only a portion of his overall position rather than a full exit.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 5,000 shares ($150,000)
Net Sell
1 txn
Insider
SKAGGS STEPHEN A
Role
null
Sold
5,000 shs ($150K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 5,000 | $30.00 | $150K |
Holdings After Transaction:
Common Stock — 61,690 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 5,000 shares
Sale price: $30.00 per share
Shares owned after sale: 61,690 shares
3 metrics
Shares sold
5,000 shares
Open-market sale on May 5, 2026
Sale price
$30.00 per share
Price for Ouster Common Stock in reported sale
Shares owned after sale
61,690 shares
Direct Ouster holdings following the transaction
Key Terms
Rule 10b5-1 plan, open-market sale, Common Stock
3 terms
Rule 10b5-1 plan regulatory
"Reflects shares sold pursuant to a Rule 10b5-1 plan dated September 8, 2025."
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Common Stock financial
"security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did Ouster (OUST) report for Stephen A. Skaggs?
Ouster director Stephen A. Skaggs sold 5,000 shares of Common Stock in an open-market transaction. The sale was executed at $30.00 per share and was carried out under a pre-arranged Rule 10b5-1 trading plan.
Was the Ouster (OUST) insider sale by Stephen A. Skaggs pre-planned?
Yes. The filing notes the 5,000-share sale was executed pursuant to a Rule 10b5-1 plan dated September 8, 2025. Such plans are pre-arranged trading programs that can make transaction timing less indicative of insider sentiment.
What type of security did Stephen A. Skaggs trade in Ouster (OUST)?
Stephen A. Skaggs traded Ouster Common Stock in this Form 4 filing. The reported transaction involved a non-derivative open-market sale, with no accompanying option exercises or other derivative security activity disclosed in the data.