[144] ON24, Inc. SEC Filing
ON24, Inc. insider Steven Vattuone filed a Form 144 reporting a proposed sale of 29,475 common shares with an aggregate market value of $165,142.53. The shares are part of restricted stock acquired from the issuer on 09/02/2025, and the approximate sale date is listed as 09/02/2025. The filing shows the issuer has 42,306,290 shares outstanding and that the planned sale would occur on the NYSE.
The filing also discloses prior transactions by the same person during the past three months: cumulative sales of 44,715 shares generating gross proceeds of $245,793.82 across six trades dated from 06/03/2025 to 08/21/2025. The filer certifies no undisclosed material adverse information and notes Rule 10b5-1 trading plan language.
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Insights
TL;DR: Routine insider sale that appears immaterial relative to total shares outstanding.
Steven Vattuone's proposed sale of 29,475 shares represents roughly 0.07% of the issuer's 42.3 million shares outstanding, which is unlikely to be material to ON24's market capitalization. The filing is complete in listing acquisition date, nature (restricted stock), and planned sale logistics (broker and exchange). Recent sales totaling 44,715 shares and $245,793.82 in proceeds suggest ongoing disposition but not a large-scale exit.
TL;DR: Disclosure meets Rule 144 requirements; no red flags for disclosure completeness.
The Form 144 provides required details: acquisition source (issuer), acquisition and payment dates, broker information, and prior three-month sales. The signer affirms absence of undisclosed material adverse information and references Rule 10b5-1 where applicable. From a governance perspective, documentation appears procedurally sound; the amounts disclosed are small relative to outstanding shares, limiting governance or signaling concerns.