Stacey L. Porter - 12 Jan 2024 Form 4 Insider Report for Outset Medical, Inc. (OM)

Signature
By: John L Brottem For: Stacey L Porter
Issuer symbol
OM
Transactions as of
12 Jan 2024
Net transactions value
-$3,295
Form type
4
Filing time
17 Jan 2024, 20:02:12 UTC
Previous filing
08 Jan 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OM Common Stock Award $0 +3,586 +6.1% $0.000000 62,216 12 Jan 2024 Direct F1
transaction OM Common Stock Sale $3,295 -768 -1.2% $4.29 61,448 16 Jan 2024 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 26, 2022, the reporting person was granted performance-based restricted stock units ("PSUs") subject to the satisfaction of specified performance criteria as of December 31, 2023. The reported amount represents the number of PSUs earned by the reporting person on January 12, 2024, upon certification by the Compensation Committee of the Issuer's Board of Directors of the satisfaction of specified performance criteria. Each PSU represents a contingent right to receive one share of common stock. These PSUs vested 50% on January 12, 2024, and the remaining 50% shall vest on December 31, 2024, subject to the reporting person's continuous service through the vesting date.
F2 Required number of shares sold by the reporting person to cover tax withholding obligations in connection with the vesting of PSUs on January 12, 2024 described in footnote (1) above. This sale was made to satisfy tax withholding obligations through a "sell to cover" transaction and does not represent a discretionary trade by the reporting person.