John L. Brottem - 19 Jul 2023 Form 4 Insider Report for Outset Medical, Inc. (OM)

Signature
John L Brottem
Issuer symbol
OM
Transactions as of
19 Jul 2023
Net transactions value
-$14,886
Form type
4
Filing time
20 Jul 2023, 16:01:26 UTC
Previous filing
21 Jun 2023
Next filing
17 Aug 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OM Common Stock Options Exercise $13,414 +1,415 +2.4% $9.48 60,360 19 Jul 2023 Direct F1
transaction OM Common Stock Sale $28,300 -1,415 -2.3% $20.00 58,945 19 Jul 2023 Direct F1

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 -1,415 -8.3% $0.000000 15,560 19 Jul 2023 Common Stock 1,415 $9.48 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b51 Trading Plan adopted by the reporting person on February 17, 2023.
F2 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.