ON24 (ONTF) CEO reports Rule 10b5-1 tax-related share sale
Rhea-AI Filing Summary
ON24, Inc. reported that its President and Chief Executive, who is also a director and 10% owner, sold 50,332 shares of common stock on 12/31/2025. The sale was made at a weighted average price of $7.9699 per share, with individual trades executed between $7.96 and $8.04. According to the disclosure, these shares were sold to cover tax withholding obligations related to the vesting of restricted stock units, meaning the transaction was tied to compensation rather than a discretionary open-market sale. After this transaction, the reporting person beneficially owned 3,622,559 shares of ON24 common stock. The filing notes that the transaction was carried out under a Rule 10b5-1 trading plan adopted on May 14, 2025.
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FAQ
What insider transaction did ON24 (ONTF) report in this Form 4?
The filing reports that ON24's President and Chief Executive, who is also a director and 10% owner, sold 50,332 shares of common stock on 12/31/2025.
At what price were the ON24 (ONTF) shares sold in this insider transaction?
The 50,332 shares were sold at a weighted average price of $7.9699 per share, with individual trades executed between $7.96 and $8.04.
Why did the ON24 (ONTF) insider sell 50,332 shares?
The filing states that the shares were sold to cover tax withholding obligations arising from the vesting of restricted stock units, indicating the sale was related to equity compensation.
How many ON24 (ONTF) shares does the insider own after this transaction?
Following the reported sale, the insider beneficially owned 3,622,559 shares of ON24 common stock in direct ownership.
Was the ON24 (ONTF) share sale made under a Rule 10b5-1 trading plan?
Yes. The transaction was effected pursuant to a Rule 10b5-1 trading plan that the reporting person adopted on May 14, 2025.
What roles does the reporting person hold at ON24 (ONTF)?
The reporting person is identified as a Director, a 10% Owner, and an Officer serving as President and Chief Executive of ON24.