Darien Spencer - Mar 15, 2022 Form 4 Insider Report for Ouster, Inc. (OUST)

Role
EVP of Global Operations
Signature
/s/ Darien Raymond Spencer
Stock symbol
OUST
Transactions as of
Mar 15, 2022
Transactions value $
-$29,837
Form type
4
Date filed
3/17/2022, 06:36 PM
Previous filing
Jul 14, 2021
Next filing
Apr 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OUST Common Stock Options Exercise $0 +27.4K +2.31% $0.00 1.21M Mar 15, 2022 Direct F1, F2
transaction OUST Common Stock Sale -$29.8K -9.44K -0.78% $3.16 1.2M Mar 16, 2022 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction OUST Restricted Stock Units Options Exercise $0 -27.4K -100% $0.00* 0 Mar 15, 2022 Common Stock 27.4K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock at $0.00. 27,419 RSUs vested into shares of common stock on March 15, 2022.
F2 The reporting person previously reported certain awards of RSUs in Table II of Form 4, but has elected to report them in Table I going forward. The total reported in Column 5 of Table I has been updated to include 82,260 RSUs that would have otherwise been reported in Column 9 of Table II from an original grant of 109,679 RSUs granted on July 13, 2021. The 82,260 RSUs will vest in 12 equal installments on each quarterly anniversary following March 15, 2022, subject to the reporting person's continued service with the Issuer through each applicable vesting date.
F3 Reflects shares sold to cover withholding taxes incurred upon the settlement of RSUs in a trade that was initiated by the issuer on the reporting person's behalf pursuant to terms of the applicable RSU agreement.

Remarks:

Exhibit List - Exhibit 24 - Power of Attorney