Rebecca Chambers - 24 Jun 2021 Form 4 Insider Report for Outset Medical, Inc. (OM)

Signature
By: John L Brottem For: Rebecca Chambers
Issuer symbol
OM
Transactions as of
24 Jun 2021
Net transactions value
-$743,830
Form type
4
Filing time
25 Jun 2021, 16:02:55 UTC
Previous filing
22 Jun 2021
Next filing
20 Jul 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OM Common Stock Options Exercise $104,544 +16,727 +123% $6.25 30,324 24 Jun 2021 Direct
transaction OM Common Stock Sale $848,373 -16,727 -55% $50.72 13,597 24 Jun 2021 Direct F1, F2

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 OM Non-Qualified Stock Option (right to buy) Options Exercise $0 -16,727 -18% $0.000000 77,745 24 Jun 2021 Common Stock 16,727 $6.25 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 14, 2020.
F2 The price reported in Column 4 is a weighted average price. The shares of common stock of the Issuer were sold in multiple transactions at prices ranging from $50.32 to $51.51, inclusive. The reporting person undertakes to provide to 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 This option vests 25% on June 3, 2020 and then in 36 equal monthly installments thereafter, subject to the reporting person's continuous service through the applicable vesting date.