[144] ON24, Inc. SEC Filing

Rhea-AI Filing Summary

Form 144 notice from an insider of ON24, Inc. (ONTF) reporting a proposed sale of 26,993 shares of common stock through Morgan Stanley Smith Barney on the NYSE with an aggregate market value of $151,236.38. The filing lists the securities as restricted stock acquired on 09/02/2025 and indicates the approximate sale date as 09/02/2025. The filer also disclosed four prior small open-market sales in the past three months totaling 16,128 shares for gross proceeds of $90,707.45, with individual sale dates in June and August 2025. The notice includes the standard representation that the seller is not aware of undisclosed material adverse information.

Positive

• Full disclosure of planned sale: class, broker, shares, aggregate market value, exchange are provided
• Broker and exchange specified: Morgan Stanley Smith Barney and NYSE listed as execution venues
• Recent sales history disclosed: prior sales in June–August 2025 totaling 16,128 shares with gross proceeds reported

Negative

• Insider selling activity: Proposed sale of 26,993 restricted shares may indicate insider liquidity
• Material price impact possible: Aggregate market value of $151,236.38 represents a concentrated block that could affect trading in thin conditions

Insights

Securities Analyst

TL;DR Insider plans to sell ~27k restricted shares through Morgan Stanley; recent prior sales totaled ~16.1k shares for ~$90.7k.

The filing is a routine Rule 144 notice indicating an insider intends to sell restricted stock acquired and payable on the same date, with the transaction routed through a major broker and listed for sale on the NYSE. The disclosure of multiple recent small dispositions over June–August 2025 provides transparency about the insider's recent liquidity events. For investors, this is a non-operational disclosure of insider selling rather than company performance information.

Corporate Governance Expert

TL;DR Filing documents compliant insider sale mechanics; no indication of undisclosed material information.

This Form 144 contains required details: class of security, broker, number of shares, market value, acquisition date and nature (restricted stock), and recent sales history. The signature block conveys the insider's representation about material information. There are no governance actions, officer departures, or procedural anomalies disclosed here—only a standard notification of intended sale under Rule 144.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	26993	151236.38	42306290	09/02/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	09/02/2025	Restricted Stock	Issuer			26993	09/02/2025	Not Applicable

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
JAYESH SAHASI 50 Beale Street 8th Floor San Francisco CA 94105	Common	08/20/2025	2888	15057.45
JAYESH SAHASI 50 Beale Street 8th Floor San Francisco CA 94105	Common	06/05/2025	2242	12303.42
JAYESH SAHASI 50 Beale Street 8th Floor San Francisco CA 94105	Common	06/04/2025	4298	23804.47
JAYESH SAHASI 50 Beale Street 8th Floor San Francisco CA 94105	Common	06/03/2025	6700	37542.11

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does ONTF Form 144 report?

This Form 144 reports a proposed sale of 26,993 ONTF common shares by an insider through Morgan Stanley Smith Barney on the NYSE, with aggregate market value of $151,236.38.

When were the shares acquired and when is the sale planned?

The shares are reported as restricted stock acquired on 09/02/2025 and the approximate sale date is listed as 09/02/2025.

How many shares did the filer sell in the past three months?

The filer disclosed four prior sales totaling 16,128 shares on 06/03/2025, 06/04/2025, 06/05/2025, and 08/20/2025 for gross proceeds of $90,707.45.

Who is the broker handling the proposed sale?

The proposed sale is to be executed by Morgan Stanley Smith Barney LLC, Executive Financial Services.

Does the filing state there is undisclosed material information?

By signing the notice the seller represents they do not know of any material adverse information about the issuer that has not been publicly disclosed.