Hackett Patrick T. - 07 Mar 2025 Form 4 Insider Report for Outset Medical, Inc. (OM)

Reporting relationship: Director
Issuer ticker: OM
Reported as of: 07 Mar 2025
Net transaction value: +$2,500,000
SEC form: 4
Accepted by SEC: 11 Mar 2025, 16:19:22 UTC
Prior SEC filing: 29 May 2024
Next SEC filing: 04 Jun 2025
Source filing: View source filing
Reporting owner signature: By: John L Brottem For: Patrick T Hackett

Key filing fact

Hackett Patrick T. filed Form 4 for Outset Medical, Inc. (OM) on 11 Mar 2025.

Key facts

This page summarizes Hackett Patrick T.'s Form 4 filing for Outset Medical, Inc. (OM).
9 reported transactions and 6 derivative rows are listed below.
Accepted by SEC: 11 Mar 2025, 16:19.

Change

Previous filing in this sequence was filed on 29 May 2024.
Current net transaction value: +$2,500,000.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

OM transaction

Common Stock

Options Exercise

Transaction value
Shares: +1,250,000
Change %: +2917%
Price
Shares after: 1,292,849
Date: 10 Mar 2025
Ownership: Direct
Footnotes: F1

OM transaction

Common Stock

Options Exercise

Transaction value
Shares: +1,250,000
Change %
Price
Shares after: 1,250,000
Date: 10 Mar 2025
Ownership: GST Trust
Footnotes: F1

OM transaction

Common Stock

Options Exercise

Transaction value
Shares: +625,000
Change %
Price
Shares after: 625,000
Date: 10 Mar 2025
Ownership: Hackett Family Fund
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

OM transaction Derivative

Series A Non-Voting Convertible Preferred

Award

Transaction value: $1,000,000
Shares: +5,000
Change %
Price: $200.00
Shares after: 5,000
Date: 07 Mar 2025
Ownership: Direct
Underlying class: Preferred Stock
Underlying amount: 5,000
Exercise price: $0.000000
Footnotes: F2

OM transaction Derivative

Series A Non-Voting Convertible Preferred

Options Exercise

Transaction value: $0
Shares: -5,000
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 10 Mar 2025
Ownership: Direct
Underlying class: Preferred Stock
Underlying amount: 5,000
Exercise price: $0.000000
Footnotes: F2

OM transaction Derivative

Series A Non-Voting Convertible Preferred

Award

Transaction value: $1,000,000
Shares: +5,000
Change %
Price: $200.00
Shares after: 5,000
Date: 07 Mar 2025
Ownership: GST Trust
Underlying class: Preferred Stock
Underlying amount: 5,000
Exercise price: $0.000000
Footnotes: F2

OM transaction Derivative

Series A Non-Voting Convertible Preferred

Options Exercise

Transaction value
Shares: -5,000
Change %: -100%
Price
Shares after: 0
Date: 10 Mar 2025
Ownership: GST Trust
Underlying class: Preferred Stock
Underlying amount: 5,000
Exercise price: $0.000000
Footnotes: F2

OM transaction Derivative

Series A Non-Voting Convertible Preferred

Award

Transaction value: $500,000
Shares: +2,500
Change %
Price: $200.00
Shares after: 2,500
Date: 07 Mar 2025
Ownership: Hackett Family Fund
Underlying class: Preferred Stock
Underlying amount: 2,500
Exercise price: $0.000000
Footnotes: F2

OM transaction Derivative

Series A Non-Voting Convertible Preferred

Options Exercise

Transaction value: $0
Shares: -2,500
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 10 Mar 2025
Ownership: Hackett Family Fund
Underlying class: Preferred Stock
Underlying amount: 2,500
Exercise price: $0.000000
Footnotes: F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

The Issuer's stockholders approved the conversion of shares of the Issuer's Series A Non-Voting Convertible Preferred Stock ("Preferred Stock") into shares of the Issuer's common stock ("Common Stock") at its Meeting of Stockholders, held on March 5, 2025, after which each share of Preferred Stock automatically converted into 250 shares of Common Stock on March 10, 2025.

Footnote F2

These shares of Series A Non-Voting Convertible Preferred Stock ("Preferred Stock") were issued to the Reporting Person under securities purchase agreements entered into with the Issuer, pursuant to which the Issuer agreed to submit to its stockholders the approval of the conversion of the Preferred Stock into shares of Common Stock at its March 5, 2025 Meeting of Stockholders (the "Conversion Proposal"). The Issuer's stockholders approved the Conversion Proposal and each share of Preferred Stock will automatically convert into 250 shares of Common Stock, subject to certain limitations. The Preferred Stock has no expiration date.