ONTF Form 4: Trempont Sells 10,066 Shares Under 10b5-1 Plan
Rhea-AI Filing Summary
Trempont Dominique, a director of ON24, Inc. (ONTF), reported a sale of common stock on 08/11/2025 executed pursuant to a Rule 10b5-1 trading plan adopted on 09/12/2024. The filing discloses a disposition of 10,066 shares at a weighted average price of $4.8745, with individual sale prices ranging from $4.785 to $4.94. After the reported transactions the reporting person beneficially owns 276,389 shares directly.
The sale was effected under a pre-established plan, and the filer offers to provide detailed breakdowns of the multiple transactions and prices upon request. The Form 4 was signed by an attorney-in-fact for the reporting person.
Positive
- Transaction executed under a Rule 10b5-1 trading plan, adopted on 09/12/2024, which provides a pre-established framework for the sale.
- Reporting person retains direct ownership of 276,389 shares following the reported transactions.
Negative
- Disposition of 10,066 shares on 08/11/2025, which reduces the reporting person’s holdings.
- Shares sold at prices as low as $4.785 during the reported transactions (range $4.785 to $4.94).
Insights
TL;DR: Director sold 10,066 ONTF shares under a 10b5-1 plan; remaining direct holdings equal 276,389 shares.
The transaction is a routine insider disposition executed under a pre-established Rule 10b5-1 plan adopted in September 2024, which reduces concerns about opportunistic timing. The sale quantity (10,066 shares) and the post-transaction direct ownership (276,389 shares) are disclosed plainly; the weighted average sale price is $4.8745 with a price range of $4.785–$4.94. Absent additional context on total outstanding shares or company market capitalization in this filing, the investor impact appears limited based on the information provided.
TL;DR: Use of a 10b5-1 plan signals pre-planned sales and governance transparency; sale details are fully disclosed.
The filing documents that the dispositions were made pursuant to a Rule 10b5-1 trading plan, which is a governance mechanism that helps insulate directors from allegations of trading on non-public information. The reporting person also affirms willingness to provide granular trade-by-trade pricing on request, which supports transparency. From a governance standpoint, the Form 4 contains the key disclosures investors typically expect for an insider sale.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 10,066 | $4.8745 | $49K |
Footnotes (1)
- The transactions reported in this Form 4 were effected pursuant to a Rule 10B5-1 trading plan adopted by the reporting person on September 12, 2024. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $4.785 to $4.94, inclusive. The reporting person undertakes to provide to Issuer, any security holder of Issuer, or the staff of the Security and Exchange Commission, upon request, full information regarding the number of shares sold in each separate price within the ranges set forth in footnote (2) to this Form 4.
