Ouster, Inc. reported an insider ownership change involving Susan Heystee, a non-employee director, tied to the company’s director compensation arrangements. The Form 4 was filed on July 8, 2026, and reports a transaction dated July 6, 2026, involving Ouster common stock. According to the filing, Heystee received shares of Ouster common stock in lieu of cash fees under the company’s Third Amended and Restated Non-Employee Director Compensation Program. In other words, the reported change appears to reflect director compensation paid in equity rather than an open-market purchase or sale. The filing text provided does not include the number of shares issued, the transaction price or valuation, the transaction code, or Heystee’s beneficial ownership after the transaction. It also does not report any option exercise, sale, or vesting schedule details. The key disclosed action is the issuance of common stock as compensation for board service. The Form 4 was signed on Heystee’s behalf by Megan Chung as attorney-in-fact on July 8, 2026. The transaction matters because it shows Ouster continuing to compensate non-employee directors with equity, aligning director compensation with shareholder value while diluting shareholders to the extent shares are newly issued.