Ouster (OUST) legal chief sells 5,837 shares mainly for tax planning
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ouster, Inc. General Counsel and Secretary Megan Chung completed an open-market sale of 5,837 shares of common stock at $24.70 per share on April 16, 2026. A footnote states the sale was made primarily for tax planning purposes.
Following this transaction, Chung continues to hold 213,836 shares of Ouster common stock directly, indicating she retained the vast majority of her position.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 5,837 shares ($144,174)
Net Sell
1 txn
Insider
Chung Megan
Role
General Counsel and Secretary
Sold
5,837 shs ($144K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 5,837 | $24.70 | $144K |
Holdings After Transaction:
Common Stock — 213,836 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 5,837 shares
Sale price: $24.70 per share
Shares held after sale: 213,836 shares
3 metrics
Shares sold
5,837 shares
Open-market sale on April 16, 2026
Sale price
$24.70 per share
Price for common stock sold
Shares held after sale
213,836 shares
Direct ownership following transaction
Key Terms
open-market sale, tax planning purposes, General Counsel and Secretary
3 terms
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.
tax planning purposes financial
"Reflects sale transactions made primarily for tax planning purposes."
General Counsel and Secretary financial
"officer_title: "General Counsel and Secretary""
FAQ
What insider transaction did Ouster (OUST) report for Megan Chung?
Ouster reported that General Counsel and Secretary Megan Chung executed an open-market sale of 5,837 shares of common stock. The transaction occurred on April 16, 2026, and was described in a footnote as being primarily for tax planning purposes.
What was the stated purpose of Megan Chung’s Ouster (OUST) stock sale?
A footnote explains that Megan Chung’s sale of 5,837 Ouster shares was conducted primarily for tax planning purposes. This suggests the transaction was more about managing personal tax obligations than signaling a change in her view of the company.
Was the Ouster (OUST) insider trade by Megan Chung an open-market sale?
Yes. The Form 4 characterizes Megan Chung’s transaction as an open-market sale of common stock. The filing uses transaction code “S,” which denotes a sale in the open market or a private transaction under SEC reporting conventions.