Outset Medical (OM) EVP granted 96,000 restricted stock units in equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Elliott Derick A. reported acquisition or exercise transactions in this Form 4 filing.
Outset Medical, Inc. executive Elliott Derick A., EVP, Commercial, received a grant of 96,000 shares of common stock in the form of restricted stock units at $0.00 per share as equity compensation. The RSUs vest 33.33% on April 6, 2027, with the remaining 66.66% vesting in equal quarterly installments over the next two years, subject to continuous service. Following this award, he holds 96,000 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Elliott Derick A.
Role
EVP, Commercial
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 96,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 96,000 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
RSUs granted: 96,000 shares
Grant price: $0.00 per share
Initial vesting tranche: 33.33% of RSUs
+2 more
5 metrics
RSUs granted
96,000 shares
Restricted stock units of common stock granted April 6, 2026
Grant price
$0.00 per share
Reported transaction price for RSU award
Initial vesting tranche
33.33% of RSUs
Vests on April 6, 2027, subject to continuous service
Remaining vesting portion
66.66% of RSUs
Vests quarterly over following two years on Feb 15, May 15, Aug 15, Nov 15
Shares held after grant
96,000 shares
Total common stock reported as directly owned following transaction
Key Terms
restricted stock units, contingent right, continuous service, vesting
4 terms
restricted stock units financial
"Represents restricted stock units ("RSU") granted to the reporting person on April 6, 2026."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
contingent right financial
"Each RSU represents a contingent right to receive one share of common stock."
continuous service financial
"subject to the reporting person's continuous service through the applicable vesting date."
vesting financial
"These RSUs shall vest 33.33% on April 6, 2027, and the remaining 66.66% shall vest in equal installments"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What insider transaction did Outset Medical (OM) report for Elliott Derick A.?
Outset Medical reported that EVP, Commercial, Elliott Derick A. received a grant of 96,000 restricted stock units of common stock. The award is equity compensation, not an open-market purchase or sale, and was reported as an acquisition on a Form 4 filing.
At what price were the Outset Medical (OM) RSUs granted in this Form 4?
The 96,000 restricted stock units were granted at a reported price of $0.00 per share, consistent with an equity compensation award. This indicates the executive did not pay cash for the shares; they are subject to future vesting conditions.
What is the vesting schedule for the 96,000 Outset Medical (OM) RSUs?
The RSUs vest 33.33% on April 6, 2027. The remaining 66.66% vest in equal installments over the following two years on February 15, May 15, August 15, and November 15, provided the executive maintains continuous service through each vesting date.
Are the granted RSUs in Outset Medical (OM) immediately owned as common stock?
Each restricted stock unit represents a contingent right to receive one share of common stock. The units convert into shares only as they vest under the schedule, and continued service is required for the executive to earn each future installment.