10% Owner Leonard Braden Michael Buys $870K of Outset Medical Stock
OM sits 44% above its 52-week low of $2.841.
Summary
10% owner Leonard Braden Michael bought $870K of Outset Medical stock in two open-market transactions on October 1-2, increasing his holdings to 2.76 million shares.
Key Events · Ownership and Investor Activity · OM
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10% Owner Buys $870K in Open Market
Leonard Braden Michael purchased 244,909 shares for $870,260.40 via BML Investment Partners, L.P. across two transactions on October 1-2, 2026.
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Purchase Price Range $2.90-$3.88
Shares were acquired at prices between $2.90 and $3.88 per share, with an average price of approximately $3.55.
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Holdings Increase to 2.76M Shares
Post-transaction holdings total 2,764,610 shares, representing a significant stake in the micro-cap company.
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Follows Insider Tax Sales and Q2 Loss
The purchase comes after several officers sold shares for tax withholding in August and a Q2 net loss of $18 million reported on August 6, 2026.
Analysis · OM · Industrial Applications And Services
A substantial open-market purchase by a 10% owner signals conviction. Leonard Braden Michael, acting through BML Investment Partners, L.P., acquired 244,909 shares for $870,260 across two transactions on October 1-2 at prices between $2.90 and $3.88 per share. The size of the buy—nearly $1 million in a micro-cap company—is notable, representing over 1% of the market cap. While 10% owners often receive a slight scoring discount because they may be buying for portfolio reasons rather than operational conviction, this purchase stands out. It follows a period of insider selling for tax withholding and a Q2 net loss, suggesting the buyer sees value at these price levels.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 36.9% of the 964 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.65%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, OM was trading at $4.10 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $77M. The 52-week trading range was $2.84 to $16.16. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.