Pacala Charles Angus 4

What Happened

• Charles Angus Pacala, President, CEO and a director of Ouster, sold 29,797 shares of Ouster common stock on June 12, 2026. The reported weighted-average price was $38.82, with the sale proceeds totaling about $1,156,809. The shares were sold under a Rule 10b5-1 "sell to cover" instruction to satisfy tax withholding related to vested restricted stock units.

Key Details

• Transaction date: June 12, 2026; Form 4 filed June 16, 2026 (timely within the two-business-day requirement).
• Shares sold: 29,797; reported weighted-average price: $38.82; total proceeds ≈ $1,156,809.
• Price range: shares were sold in multiple tranches at prices between $38.82 and $39.60 (see filing footnote).
• Purpose: Footnote indicates sale was to cover withholding taxes on vested RSUs pursuant to a 10b5-1 sale-to-cover instruction dated June 9, 2025.
• Footnote also notes inclusion of 2,962 shares acquired May 15, 2026 under the company’s ESPP in the reporting calculations.
• Filing timeliness: Report appears timely (filed within required period); not flagged as late.

Context

• Sales to cover tax obligations (via 10b5-1 plans) are routine and often reflect liquidity needs from vesting, not necessarily a change in insider sentiment. Purchases generally carry more informational weight for investors than these kinds of tax-related sales.