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.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 50,332 | $7.9699 | $401K |
Footnotes (1)
- Represents the number of shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock units. The transaction reported in this Form 4 was effected pursuant to a Rule 10B5-1 trading plan adopted by the reporting person on May 14, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $7.96 to $8.04 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 (3) to this Form 4.
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.
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.