Ouster general counsel Megan Chung sells $389,993 in stock

Megan Chung, the General Counsel and Secretary of Ouster Inc., divested 11,484 shares of the company's common stock on September 14, 2026. The sale generated approximately $389,993, with the shares exchanged at a weighted average price of $33.9597. The transactions were executed to satisfy withholding taxes associated with the vesting and settlement of restricted stock units, as per a Rule 10b5-1 instruction letter dated August 20, 2025.

Ouster shares had surged nearly 59% over the last six months, resulting in a market capitalization of $2.36 billion. Consequently, the stock is currently overvalued, ranking among the platform's Most Overvalued stocks. Following the sale, Ms. Chung retains 189,291 shares of Ouster common stock. In recent news, Ouster reported higher-than-expected revenue for the second quarter, increasing by 56% compared to the previous year, reaching $55 million.

However, the earnings report also showed a more significant loss, with adjusted earnings per share at a loss of $0.27 compared to the anticipated loss of $0.12. Additionally, Ouster expanded its contract with the Utah Department of Transportation, deploying Ouster BlueCity at an extra 160 intersections. These developments underscore Ouster's financial progress and operational challenges.