[144] ON24, Inc. SEC Filing
ON24, Inc. (ONTF) filed a Form 144 reporting a proposed sale of 2,888 common shares to be effected through Morgan Stanley Smith Barney LLC on or about 08/20/2025. The filing lists an aggregate market value of $15,057.45 for the proposed sale and reports 42,306,290 shares outstanding.
The filer states the 2,888 shares were acquired as restricted stock from the issuer with an acquisition and payment date shown as 08/20/2025. The filing also discloses four recent sales by Jayesh Sahasi on 06/02–06/05/2025 totaling 16,950 shares with gross proceeds reported per trade ($12,303.42; $23,804.47; $37,542.11; $20,925.51). The notice includes the standard representation that the seller is not aware of undisclosed material adverse information.
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Insights
Routine insider notice showing a small proposed sale relative to outstanding shares; neutral to market impact.
The proposed sale of 2,888 shares with a stated market value of $15,057.45 represents a very small fraction of the reported 42.3 million shares outstanding (less than 0.01%). The form indicates the shares were restricted stock acquired from the issuer, suggesting an internal vesting or grant event rather than an open-market purchase. Recent June disposals by the named seller total 16,950 shares across four trades, with aggregate gross proceeds reported per trade. Taken together, these transactions are typical insider liquidity events and, given their size relative to the float, are unlikely to materially affect ONTF's valuation or share supply.
Disclosure complies with Rule 144 mechanics; no governance red flags evident in the filing.
The form contains required details: broker, number of shares, acquisition nature (restricted stock), dates, and recent sales by the same person. The filer includes the attestation about absence of undisclosed material adverse information. There is no indication of undisclosed related-party transactions or unusual terms in this notice. As a governance disclosure, it meets Rule 144 notice requirements and signals standard insider liquidity rather than a governance concern.