Patrick T. Hackett - Mar 7, 2025 Form 4 Insider Report for Outset Medical, Inc. (OM)

Role: Director
Signature: By: John L Brottem For: Patrick T Hackett
Stock symbol: OM
Transactions as of: Mar 7, 2025
Transactions value $: $2,500,000
Form type: 4
Date filed: 3/11/2025, 04:19 PM
Previous filing: May 29, 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Shares	Change %	Shares After	Date	Ownership	Footnotes
transaction	OM	Common Stock	Options Exercise	+1.25M	+2917.22%	1.29M	Mar 10, 2025	Direct	F1
transaction	OM	Common Stock	Options Exercise	+1.25M		1.25M	Mar 10, 2025	GST Trust	F1
transaction	OM	Common Stock	Options Exercise	+625K		625K	Mar 10, 2025	Hackett Family Fund	F1

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	Series A Non-Voting Convertible Preferred	Award	$1M	+5K		$200.00	5K	Mar 7, 2025	Preferred Stock	5K	$0.00	Direct	F2
transaction	OM	Series A Non-Voting Convertible Preferred	Options Exercise	$0	-5K	-100%	$0.00	0	Mar 10, 2025	Preferred Stock	5K	$0.00	Direct	F2
transaction	OM	Series A Non-Voting Convertible Preferred	Award	$1M	+5K		$200.00	5K	Mar 7, 2025	Preferred Stock	5K	$0.00	GST Trust	F2
transaction	OM	Series A Non-Voting Convertible Preferred	Options Exercise		-5K	-100%		0	Mar 10, 2025	Preferred Stock	5K	$0.00	GST Trust	F2
transaction	OM	Series A Non-Voting Convertible Preferred	Award	$500K	+2.5K		$200.00	2.5K	Mar 7, 2025	Preferred Stock	2.5K	$0.00	Hackett Family Fund	F2
transaction	OM	Series A Non-Voting Convertible Preferred	Options Exercise	$0	-2.5K	-100%	$0.00	0	Mar 10, 2025	Preferred Stock	2.5K	$0.00	Hackett Family Fund	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The Issuer's stockholders approved the conversion of shares of the Issuer's Series A Non-Voting Convertible Preferred Stock ("Preferred Stock") into shares of the Issuer's common stock ("Common Stock") at its Meeting of Stockholders, held on March 5, 2025, after which each share of Preferred Stock automatically converted into 250 shares of Common Stock on March 10, 2025.
F2	These shares of Series A Non-Voting Convertible Preferred Stock ("Preferred Stock") were issued to the Reporting Person under securities purchase agreements entered into with the Issuer, pursuant to which the Issuer agreed to submit to its stockholders the approval of the conversion of the Preferred Stock into shares of Common Stock at its March 5, 2025 Meeting of Stockholders (the "Conversion Proposal"). The Issuer's stockholders approved the Conversion Proposal and each share of Preferred Stock will automatically convert into 250 shares of Common Stock, subject to certain limitations. The Preferred Stock has no expiration date.

Content

The Issuer's stockholders approved the conversion of shares of the Issuer's Series A Non-Voting Convertible Preferred Stock ("Preferred Stock") into shares of the Issuer's common stock ("Common Stock") at its Meeting of Stockholders, held on March 5, 2025, after which each share of Preferred Stock automatically converted into 250 shares of Common Stock on March 10, 2025.

These shares of Series A Non-Voting Convertible Preferred Stock ("Preferred Stock") were issued to the Reporting Person under securities purchase agreements entered into with the Issuer, pursuant to which the Issuer agreed to submit to its stockholders the approval of the conversion of the Preferred Stock into shares of Common Stock at its March 5, 2025 Meeting of Stockholders (the "Conversion Proposal"). The Issuer's stockholders approved the Conversion Proposal and each share of Preferred Stock will automatically convert into 250 shares of Common Stock, subject to certain limitations. The Preferred Stock has no expiration date.