Brottem John L. 4

What Happened

• John L. Brottem, General Counsel of Outset Medical, sold a total of 10,494 shares in two open-market transactions: 9,314 shares on 2026-01-20 at $5.12 ($47,688) and 1,180 shares on 2026-01-21 at $5.01 ($5,912), totaling roughly $53,600. These sales were reported on a Form 4 filed 2026-01-21.

Key Details

• Transaction types: Open-market sales (code S); sale to cover tax withholding (see footnote).
• Dates & prices: 2026-01-20 — 9,314 sh @ $5.12; 2026-01-21 — 1,180 sh @ $5.01.
• Aggregate proceeds: ≈ $53,600.
• Reason/footnote: Footnote F1 states the shares were sold to satisfy partial tax withholding obligations related to the vesting of 17,997 RSUs granted on June 10, 2025 — a "sell to cover" (tax withholding) transaction, not a voluntary discretionary sale.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Filing timeliness: Form 4 was filed 2026-01-21; no late filing indicated in the excerpt.

Context

• Sell-to-cover transactions are common when restricted stock units vest: the company or insider sells a portion of the vested shares to cover required taxes. Such sales generally reflect tax obligations rather than a directional bet on the stock.