Martin Vazquez - 01 Nov 2021 Form 4 Insider Report for Outset Medical, Inc. (OM)

Role: Chief Operating Officer
Signature: By: John L Brottem For: Martin Vazquez
Issuer symbol: OM
Transactions as of: 01 Nov 2021
Net transactions value: -$600,051
Form type: 4
Filing time: 02 Nov 2021, 18:16:53 UTC
Previous filing: 04 Oct 2021
Next filing: 05 Jan 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OM	Common Stock	Options Exercise	$19,400	+5,000	+54%	$3.88^*	14,255	01 Nov 2021	Direct
transaction	OM	Common Stock	Sale	$287,171	-5,000	-35%	$57.43	9,255	01 Nov 2021	Direct	F1, F2
transaction	OM	Common Stock	Options Exercise	$25,220	+6,500	+70%	$3.88^*	15,755	01 Nov 2021	Direct
transaction	OM	Common Stock	Sale	$357,500	-6,500	-41%	$55.00	9,255	01 Nov 2021	Direct

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	-5,000	-14%	$0.000000	30,989	01 Nov 2021	Common Stock	5,000	$3.88	Direct	F3
transaction	OM	Non-Qualified Stock Option (right to buy)	Options Exercise	$0	-6,500	-21%	$0.000000	24,489	01 Nov 2021	Common Stock	6,500	$3.88	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 $54.00-$54.99 - 166 shares; $55.00-$55.99 - 100 shares; $56.00-$56.99 - 1,504 shares; $57.00-$57.99 - 1,664 shares; $58.00-$58.99 - 1,566 shares. 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 October 9, 2018 and then in 36 equal monthly installments thereafter, subject to the reporting person's continued employment through the applicable vesting date.