Sec Form 4 Filing - HACKETT PATRICK T @ Outset Medical, Inc. - 2025-03-07

Insider filing report for Changes in Beneficial Ownership
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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
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
HACKETT PATRICK T
2. Issuer Name and Ticker or Trading Symbol
Outset Medical, Inc. [ OM]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
3052 ORCHARD DRIVE
3. Date of Earliest Transaction (MM/DD/YY)
03/07/2025
(Street)
SAN JOSE, CA95134
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/10/2025 M 1,250,000 A 1,292,849 D
Common Stock 03/10/2025 M 1,250,000 A 1,250,000 I GST Trust
Common Stock 03/10/2025 M 625,000 A 625,000 I Hackett Family Fund
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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
Series A Non-Voting Convertible Preferred $ 0 ( 2 ) 03/07/2025 A 5,000 03/10/2025( 2 ) ( 2 ) Preferred Stock 5,000 $ 200 ( 2 ) 5,000 D
Series A Non-Voting Convertible Preferred $ 0 ( 2 ) 03/10/2025 M 5,000 03/10/2025( 2 ) ( 2 ) Preferred Stock 5,000 $ 0 ( 2 ) 0 D
Series A Non-Voting Convertible Preferred $ 0 ( 2 ) 03/07/2025 A 5,000 03/10/2025( 2 ) ( 2 ) Preferred Stock 5,000 $ 200 ( 2 ) 5,000 I GST Trust
Series A Non-Voting Convertible Preferred $ 0 ( 2 ) 03/10/2025 M 5,000 03/10/2025( 2 ) ( 2 ) Preferred Stock 5,000 ( 2 ) 0 I GST Trust
Series A Non-Voting Convertible Preferred $ 0 ( 2 ) 03/07/2025 A 2,500 03/10/2025( 2 ) ( 2 ) Preferred Stock 2,500 $ 200 ( 2 ) 2,500 I Hackett Family Fund
Series A Non-Voting Convertible Preferred $ 0 ( 2 ) 03/10/2025 M 2,500 03/10/2025( 2 ) ( 2 ) Preferred Stock 2,500 $ 0 ( 2 ) 0 I Hackett Family Fund
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
HACKETT PATRICK T
3052 ORCHARD DRIVE
SAN JOSE, CA95134
X
Signatures
By: John L Brottem For: Patrick T Hackett 03/11/2025
Signature of Reporting Person Date
Explanation of Responses:
( 1 )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.
( 2 )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.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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