Leslie Trigg - Feb 1, 2022 Form 4 Insider Report for Outset Medical, Inc. (OM)

Role
Chief Executive Officer, Director
Signature
By: John L Brottem For: Leslie Trigg
Stock symbol
OM
Transactions as of
Feb 1, 2022
Transactions value $
-$672,434
Form type
4
Date filed
2/3/2022, 03:09 PM
Previous filing
Jan 28, 2022
Next filing
Mar 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OM Common Stock Options Exercise $77.6K +20K +6.68% $3.88 319K Feb 1, 2022 Direct
transaction OM Common Stock Sale -$750K -20K -6.26% $37.50 299K Feb 1, 2022 Direct F1, F2
transaction OM Common Stock Award $0 +11.7K +3.91% $0.00 311K Feb 2, 2022 Direct F3
holding OM Common Stock 8.77K Feb 1, 2022 Trigg Family Trust

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction OM Non-Qualified Stock Option (right to buy) Options Exercise $0 -20K -17.28% $0.00 95.7K Feb 1, 2022 Common Stock 20K $3.88 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 14, 2020.
F2 The price reported in Column 4 is a weighted average price. The shares of common stock of the Issuer were sold in multiple transactions at prices ranging from: $36.00-$36.99 - 2,250 shares; $37.00-$37.99 - 16,116 shares; $38.00-$38.99 - 1,634 shares. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 Represents portion of stock units granted to the reporting person on February 2, 2022 that will vest on December 31, 2024, subject only to the reporting person's continuous service through the vesting date. Each stock unit represents a contingent right to receive one share of common stock.
F4 This option vested in 48 equal monthly installments beginning on October 19, 2017.