John L. Brottem - Sep 7, 2021 Form 4 Insider Report for Outset Medical, Inc. (OM)

Signature
John L Brottem
Stock symbol
OM
Transactions as of
Sep 7, 2021
Transactions value $
-$117,103
Form type
4
Date filed
9/7/2021, 06:29 PM
Previous filing
Aug 16, 2021
Next filing
Sep 16, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OM Common Stock Options Exercise $13.7K +1.45K +9.6% $9.48 16.5K Sep 7, 2021 Direct F1
transaction OM Common Stock Sale -$72.3K -1.45K -8.76% $50.00 15K Sep 7, 2021 Direct F2
transaction OM Common Stock Options Exercise $13.7K +1.45K +9.6% $9.48 16.5K Sep 7, 2021 Direct
transaction OM Common Stock Sale -$72.3K -1.45K -8.76% $50.00 15K Sep 7, 2021 Direct 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 -1.45K -2.17% $0.00 65K Sep 7, 2021 Common Stock 1.45K $9.48 Direct F3
transaction OM Non-Qualified Stock Option (right to buy) Options Exercise $0 -1.45K -2.22% $0.00 63.6K Sep 7, 2021 Common Stock 1.45K $9.48 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 375 shares of Common Stock acquired pursuant to the Outset Medical, Inc. 2020 Employee Stock Purchase Plan ("ESPP"), for the purchase period of March 1, 2021 to August 31, 2021. This transaction is exempt from Rule 16b-3(c).
F2 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.
F3 This option vests 25% on May 26, 2021 and then in 36 equal monthly installments thereafter, subject to the reporting person's continued employment through the applicable vesting date.