Tewksbury Ted L III 4
Research Summary
AI-generated summary
Ouster (OUST) Director Ted L. Tewksbury Sells 1,695 Shares
What Happened Ted L. Tewksbury, a director of Ouster, sold 1,695 shares in an open-market transaction on June 22, 2026 at $47.00 per share, generating proceeds of $79,665. In the same filing he was also granted 4,725 restricted stock units (RSUs) on June 17, 2026 (no upfront cash cost).
Key Details
- Sale: 1,695 shares disposed on 2026-06-22 at $47.00 — total proceeds $79,665. Reported as an open-market sale.
- Award: 4,725 RSUs granted on 2026-06-17, reported as acquisition at $0.00.
- Shares owned after transactions: Not specified in the filing.
- Footnotes: RSUs represent a contingent right to one share each and vest in quarterly installments through the earlier of June 17, 2027 or the Company’s 2027 annual meeting (subject to continued service). RSUs have no expiration and will be settled on a change in control or separation from service.
- The sale was made under a pre-arranged Rule 10b5-1 trading plan dated August 12, 2025; sales included tax-planning transactions.
- Timeliness: The RSU grant (6/17/2026) was reported on 6/22/2026 (reported late relative to the 2-business-day Form 4 deadline); the 6/22 sale was reported the same day.
Context
- RSUs are compensation awards (not purchases); they convert to shares as they vest and do not require out-of-pocket payment.
- Sales executed under a 10b5-1 plan are pre-arranged and typically indicate a pre-set disposition schedule rather than an immediate change in the insider’s view of the company.
- This filing is informational and does not, by itself, indicate the director’s market outlook.