Ouster (NYSE: OUST) CEO sells 29,797 shares in tax-cover transaction
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ouster, Inc. President and CEO Charles Angus Pacala reported an open-market sale of 29,797 shares of common stock at a weighted average price of $38.823 per share. According to the footnotes, these shares were sold to cover withholding taxes due on recently vested restricted stock units under a Rule 10b5-1 “sale to cover” instruction.
After the transaction, Pacala directly holds 1,072,201 shares of Ouster common stock, which includes 2,962 shares acquired on May 15, 2026 through the company’s Amended and Restated 2022 Employee Stock Purchase Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 29,797 shares ($1,156,809)
Net Sell
1 txn
Insider
Pacala Charles Angus
Role
President and CEO
Sold
29,797 shs ($1.16M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 29,797 | $38.823 | $1.16M |
Holdings After Transaction:
Common Stock — 1,072,201 shares (Direct, null)
Footnotes (1)
- Reflects shares sold to cover withholding taxes incurred upon the vesting and settlement of restricted stock units pursuant to a Rule 10b5-1 sale to cover instruction letter dated June 9, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.82 to $39.60. 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. Includes 2,962 shares of common stock acquired by the Reporting Person on May 15, 2026, pursuant to the Company's Amended and Restated 2022 Employee Stock Purchase Plan.
Key Figures
Shares sold: 29,797 shares
Weighted average sale price: $38.823 per share
Post-transaction holdings: 1,072,201 shares
+2 more
5 metrics
Shares sold
29,797 shares
Open-market sale on June 12, 2026 to cover tax withholding
Weighted average sale price
$38.823 per share
Common stock sold in multiple transactions
Post-transaction holdings
1,072,201 shares
Common stock directly owned after the sale
Trade price range
$38.82–$39.60 per share
Range of prices for the multiple sale transactions
ESPP acquisition
2,962 shares
Shares acquired May 15, 2026 under 2022 Employee Stock Purchase Plan
Key Terms
Rule 10b5-1, restricted stock units, weighted average price, Employee Stock Purchase Plan
4 terms
Rule 10b5-1 regulatory
"pursuant to a Rule 10b5-1 sale to cover instruction letter dated June 9, 2025"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
restricted stock units financial
"withholding taxes incurred upon the vesting and settlement of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
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.
Employee Stock Purchase Plan financial
"pursuant to the Company's Amended and Restated 2022 Employee Stock Purchase Plan."
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
FAQ
What insider transaction did Ouster (OUST) report for its CEO?
Ouster reported that President and CEO Charles Angus Pacala sold 29,797 shares of common stock at a weighted average price of $38.823 per share. The sale was executed in the open market and disclosed on a Form 4 insider trading report.
Was the Ouster CEO’s sale under a Rule 10b5-1 trading arrangement?
Yes. The footnotes explain the sale was executed under a Rule 10b5-1 “sale to cover” instruction letter dated June 9, 2025. Such arrangements pre-schedule trades, especially for covering tax obligations on equity awards, reducing the role of timing discretion by the insider.