Ouster CTO exercises options, sells 60K shares
Ouster, Inc. Chief Technology Officer Mark Frichtl exercised stock options and sold shares in pre-planned transactions.
Rhea-AI Filing Summary
Ouster, Inc. Chief Technology Officer Mark Frichtl exercised stock options and sold shares in pre-planned transactions. On April 14–15, he exercised options for 60,000 shares of common stock at an exercise price of $2.13 per share and received common shares.
Over the same dates, he sold 60,000 common shares in open‑market trades at weighted average prices of $22.7562 and $24.00 per share, pursuant to a Rule 10b5-1 plan dated December 15, 2025 that includes sales for tax planning purposes. After these transactions, he directly holds 712,297 shares of Ouster common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and Sale: 60,000 shares ($1.26M approx. pre-tax spread)
Exercise and Sale
6 txns
Insider
Frichtl Mark
Role
Chief Technology Officer
Sold
60,000 shs ($1.39M)
Approx. gross sale proceeds
$1.39M
Approx. exercise cost
$128K
Approx. pre-tax spread
$1.26M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualified Stock Option | 20,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 20,000 | $2.13 | $43K |
| Sale | Common Stock | 20,000 | $24.00 | $480K |
| Exercise | Non-Qualified Stock Option | 40,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 40,000 | $2.13 | $85K |
| Sale | Common Stock | 40,000 | $22.7562 | $910K |
Holdings After Transaction:
Non-Qualified Stock Option — 216,434 contracts (Direct);
Common Stock — 712,297 shares (Direct)
Footnotes (3)
- F1. Reflects shares sold pursuant to a Rule 10b5-1 plan dated December 15, 2025. Includes sales made for tax planning purposes.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.22 to $23.14. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F3. The options are fully vested and exercisable.
Key Figures
Options exercised: 60,000 shares
Exercise price: $2.13/share
Shares sold: 60,000 shares
+5 more
8 metrics
Options exercised
60,000 shares
Non-qualified stock options exercised at $2.13 per share on April 14–15, 2026
Exercise price
$2.13/share
Conversion or exercise price of non-qualified stock options
Shares sold
60,000 shares
Common stock sold in open-market transactions on April 14–15, 2026
Sale price April 14
$22.7562
Weighted average sale price; trades between $22.22 and $23.14
Sale price April 15
$24.00
Per-share price for 20,000 common shares sold on April 15, 2026
Post-transaction holdings
712,297 shares
Common stock directly owned after the reported transactions
Rule 10b5-1 plan date
December 15, 2025
Date of trading plan governing reported sales and tax planning transactions
Option expiration
October 1, 2030
Original expiration date of the non-qualified stock options before exercise
Key Terms
Non-Qualified Stock Option, Rule 10b5-1 plan, weighted average price, fully vested and exercisable, +2 more
6 terms
Non-Qualified Stock Option financial
"security_title: "Non-Qualified Stock Option" with underlying common stock"
A non-qualified stock option (NSO) is a contract that lets an employee or service provider buy company shares at a fixed price for a set period, like a voucher to purchase stock later at today’s price. It matters to investors because exercising NSOs creates ordinary income for the holder and can increase share count, affecting a company’s earnings and ownership mix; think of it as a future sale that can dilute existing shareholders and has immediate tax consequences for the recipient.
Rule 10b5-1 plan regulatory
"Reflects shares sold pursuant to a Rule 10b5-1 plan dated December 15, 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.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
fully vested and exercisable financial
"The options are fully vested and exercisable."
open-market sale financial
"transaction_action: "open-market sale" for common stock transactions"
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.
derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Ouster (OUST) CTO Mark Frichtl report in this Form 4?
Mark Frichtl reported exercising stock options and selling shares of Ouster common stock. He exercised options for 60,000 shares at $2.13 per share and sold 60,000 shares in open‑market transactions while remaining a significant direct shareholder.
What options did the Ouster (OUST) CTO exercise in this filing?
He exercised non-qualified stock options covering 60,000 Ouster common shares at an exercise price of $2.13 per share. The options were fully vested and exercisable, with an original expiration date of October 1, 2030 before exercise.
What is the significance of the weighted average price disclosure for Ouster (OUST)?
The weighted average price disclosure explains that shares were sold in multiple trades within a range of $22.22 to $23.14. The filer offers to provide full trade-by-trade detail to the company, investors, or regulators upon request for transparency.
AI-generated analysis. How Rhea-AI works. Not financial advice.
