Outset Medical: 10% owner Leonard Braden Michael bought 244,909 shares

What happened

• Leonard Braden Michael, a 10% owner, acquired a total of 244,909 shares through purchases reported on Oct 1 and Oct 2, 2026, for a combined reported value of $870,260.
• On Oct 1, 2026 he purchased 228,334 shares at an average price of $3.53 per share for $806,019. On Oct 2, 2026 he purchased 16,575 shares at an average price of $3.88 per share for $64,241.

Key details

• Transaction dates and prices: Oct 1, 2026 — 228,334 shares at an average $3.53 (range $2.90–$3.85 per footnote) for $806,019; Oct 2, 2026 — 16,575 shares at an average $3.8758 (reported as $3.88) for $64,241.
• Shares owned after the transaction: not reported in the filing.
• Footnotes: F1 states BML Capital Management, LLC is the general partner of the fund that directly owns the shares and Mr. Leonard is the managing member with investment and voting control but disclaims beneficial ownership except to the extent of his pecuniary interest; F2 and F3 provide the averages and ranges for the purchase prices.
• Filing date: Oct 5, 2026. The filing does not indicate it was filed late.

Why it may matter

• These transactions were purchases (open-market or private purchases), not option exercises or awards.
• Leonard Braden Michael is reported as a 10% owner, which indicates a large holder position rather than an executive role.
• A filing does not show why the insider traded or why the company acted.