Ouster CEO Charles Pacala Sells 30,385 Shares

What Happened
Charles Pacala, President, CEO and a director of Ouster, Inc. (OUST), reported an open-market sale of 30,385 shares on 2026-09-14. The weighted average sale price was $33.96 (range $33.705–$33.9661), for total proceeds of approximately $1,031,847. The filing states the shares were sold to cover withholding taxes arising from the vesting and settlement of restricted stock units (RSUs) under a Rule 10b5-1 “sell to cover” instruction.

Key Details

• Transaction date: 2026-09-14 (Form 4 filed 2026-09-16; filing appears timely).
• Transaction type/code: Sale (S); reason: tax withholding on vested RSUs per footnote.
• Shares sold: 30,385; weighted avg. price reported: $33.96; price range: $33.705–$33.9661.
• Proceeds: ~$1,031,847.
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Notable footnotes: F1 — sale to cover taxes pursuant to a Rule 10b5-1 instruction dated June 9, 2025; F2 — weighted average price, multiple executions; reporting person will provide per-price breakdown on request.
• Exhibit: Power of Attorney (Exhibit 24) included in the filing.

Context: This was a “sell to cover” tax-withholding sale tied to RSU settlement, a common administrative step that does not necessarily reflect the insider’s view on the company’s prospects. The sale was executed under a pre-existing 10b5-1 instruction, which typically spreads transactions over time per a plan.