OUST Form 4: Megan Chung Sells 17.2k Shares for Tax Withholding at $28.46
Rhea-AI Filing Summary
Megan Chung, General Counsel and Secretary of Ouster, Inc. (OUST), reported a sale of 17,183 shares of common stock on 09/12/2025 to cover withholding taxes from the vesting and settlement of restricted stock units that were settled for her. The weighted-average price reported for the shares sold was $28.4581, with individual sale prices ranging from $28.4299 to $29.0100. After the sale, the filing reports beneficial ownership of 203,035.8 shares. The Form 4 was signed by Ms. Chung on 09/16/2025, and the filing states the sale was initiated by the issuer on the reporting person’s behalf.
Positive
- Disclosure provided promptly via Form 4 and signed on 09/16/2025
- Sale was issuer-initiated to cover tax withholding, indicating routine administrative disposition
Negative
- Reported beneficial ownership declined by 17,183 shares due to the sale
- Filing shows a reduction in the officer's direct holdings, which some investors track as a signal even if tax-driven
Insights
TL;DR: Routine tax-withholding sale by an officer; disclosure aligns with Section 16 reporting norms.
The transaction is described as shares sold to cover tax withholding on vested restricted stock units, a common and non-dispositive practice that typically does not reflect a change in executive commitment. The filing identifies the reporting person as an officer and shows the sale was issuer-initiated, which indicates an administrative tax-withholding mechanism rather than a voluntary open-market disposition by the officer. Timing and explanation meet standard disclosure expectations under Section 16.
TL;DR: Sale reduced reported holdings modestly; prices sold were near $28.45 weighted average.
The form reports a sale of 17,183 shares at a weighted-average price of $28.4581, with individual trade prices between $28.4299 and $29.0100. The remaining beneficial ownership is reported as 203,035.8 shares. For investors tracking insider activity, this is a tax-related disposition rather than a strategic liquidation and appears immaterial relative to typical executive holdings, but it does reduce the nominal share count held by the officer.