Research Summary
AI-generated summary of this SEC filing
Ouster (OUST) CRO Cyrille Jacquemet Sells Shares
What Happened
- Cyrille Jacquemet, Chief Revenue Officer of Ouster, sold 8,896 shares on September 14, 2026 in an open-market/private sale for a reported weighted-average price of $33.96, generating proceeds of approximately $302,093.
- The filing’s footnote states these shares were sold to cover withholding taxes incurred upon the vesting and settlement of restricted stock units (i.e., a sell-to-cover related to RSUs), so this sale reflects tax-related withholding rather than a discretionary market-timing purchase.
Key Details
- Transaction date: 2026-09-14; Filing date (Form 4): 2026-09-16 (filed two days after the transaction; appears timely).
- Price(s): weighted-average $33.96; sales occurred at prices ranging from $33.67 to $33.9661 (per footnote). The reporting person can provide the exact breakdown on request.
- Shares sold: 8,896; Proceeds: ~$302,093.
- Reason per filing: Footnote F1 — sale to cover tax withholding from RSU vesting.
- Post-transaction holdings: not specified in the provided excerpt of the filing.
- Remarks: Exhibit 24 (Power of Attorney) attached to the filing.
Context
- This was a sell-to-cover tied to RSU vesting (a common administrative sale to satisfy tax obligations) rather than an open-market investment decision; such sales are routine and do not necessarily signal insider sentiment.
- For retail investors, purchases generally provide clearer bullish signals than tax-related or routine insider sales.