Statement of Changes in Beneficial Ownership (4)
December 03 2021 - 6:52PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Kantheti Krishna |
2. Issuer Name and Ticker or Trading Symbol
Ouster, Inc.
[
OUST
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
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(Last)
(First)
(Middle)
C/O BANYAN VENTURE HOLDINGS LLC, 215 NW 24TH ST., SUITE 501 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
12/1/2021 |
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(Street)
MIAMI, FL 33127
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
___ Form filed by One Reporting Person
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X
_ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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| Common Stock | 12/1/2021 | | S | | 68597 | D | $6.62 (1) | 26011601 | I | By Banyan Venture Holdings LLC (2) |
| Common Stock | 12/2/2021 | | S | | 75900 | D | $6.45 (3) | 25935701 | I | By Banyan Venture Holdings LLC (2) |
| Common Stock | 12/3/2021 | | S | | 89661 | D | $6.27 (4) | 25846040 | I | By Banyan Venture Holdings LLC (2) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code
(Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) | 8. Price of Derivative Security
(Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
| Explanation of Responses: |
| (1) | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $6.51 to $6.79, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above. |
| (2) | Mr. Kantheti is a Manager of Banyan Venture Holdings LLC ("Banyan"). As a result, Mr. Kantheti may be deemed to beneficially own the securities held by Banyan. Mr. Kantheti disclaims beneficial ownership of the securities held by Banyan except to the extent of his pecuniary interest therein. |
| (3) | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $6.33 to $6.63, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above. |
| (4) | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $6.25 to $6.46, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above. |
Reporting Owners
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| Reporting Owner Name / Address | Relationships |
| Director | 10% Owner | Officer | Other |
Kantheti Krishna
C/O BANYAN VENTURE HOLDINGS LLC
215 NW 24TH ST., SUITE 501
MIAMI, FL 33127 |
| X |
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Banyan Venture Holdings LLC
C/O BANYAN VENTURE HOLDINGS LLC
215 NW 24TH ST., SUITE 501
MIAMI, FL 33127 |
| X |
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Signatures
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| /s/ Krishna Kantheti | | 12/3/2021 |
| **Signature of Reporting Person | Date |
| Banyan Venture Holdings LLC, by /s/ Krishna Kantheti, as Manager | | 12/3/2021 |
| **Signature of Reporting Person | Date |
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