Megan Chung, who serves as General Counsel and Secretary of Ouster, Inc. (NYSE:OUST), completed a sale of 5,837 shares of common stock on April 16, 2026. The shares were sold at $24.70 each, producing proceeds of $144,173. At the time of the transaction, Ouster shares were trading near $24.26 after the stock had advanced 246% over the prior 12 months.
Following the disposition, Chung directly holds 213,836 shares of Ouster common stock. The filing indicates the sale was carried out pursuant to a pre-arranged Rule 10b5-1 trading plan dated June 4, 2025. A footnote in the SEC disclosure states that the transactions were made primarily for tax planning purposes.
Separately, Ouster reported fourth-quarter 2025 results that exceeded consensus expectations. Revenue for the period was approximately $62 million, above the Visible Alpha consensus of $41.2 million. The company's GAAP gross margin came in at about 60%, higher than the consensus of 36%.
Ouster also reported earnings per share of $0.06 for the fourth quarter, outperforming the forecasted loss of $0.14. In response to these results and the company’s reported progress, Oppenheimer raised its price target for Ouster to $40, citing advancements in software and contributions stemming from the Stereolabs acquisition. Cantor Fitzgerald reiterated its Overweight rating on the stock and highlighted robust LiDAR growth as a central factor in its view.
The company announced an internal leadership change as well: Cyrille Jacquemet has been promoted to Chief Revenue Officer. Jacquemet, who has been with Ouster since 2018, will continue to oversee global sales, marketing, and customer success. The combination of the financial beat, analyst responses, and the executive promotion are presented in the filing and company statements as markers of ongoing performance and strategic progress.
These disclosures together - the Rule 10b5-1 sale, the noted rationale for the transactions, the quarterly financial outperformance, analyst reactions, and a senior commercial appointment - form the factual record reported by the company and in its SEC filing. Where the filing indicates a primary purpose for the sale, it is identified as tax planning.