ON24 (ONTF) director’s shares and options cashed out in $8.10-per-share merger
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ON24 INC. director Dominique Trempont reported dispositions of common stock and stock options in connection with the completion of a cash merger. On April 1, 2026, all outstanding ON24 common shares were canceled and converted into the right to receive $8.10 per share in cash, with similar treatment for RSUs.
On the same date, Trempont’s options to buy 20,000 shares at $13.33, 12,131 shares at $1.35, and 21,000 shares at $1.23 were canceled and converted into cash equal to $8.10 minus the exercise price per share. A disposition of 276,389 common shares to the issuer was also reported, leaving Trempont with no reported remaining holdings or options after the merger.
Positive
- None.
Negative
- None.
Insights
Director’s equity fully cashed out in ON24’s go-private merger.
The filing shows Dominique Trempont disposing of common shares and options as ON24 is acquired and becomes a wholly owned subsidiary of Cvent Atlanta, LLC. Each common share is converted into a cash right of $8.10 per share.
Outstanding stock options are canceled and replaced by a cash payment equal to $8.10 minus each option’s exercise price. With total shares following each transaction reported as zero and an empty derivativeSummary, the director’s reportable ON24 equity position appears fully settled through the merger consideration.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Trempont Dominique
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Options (Right to buy) | 20,000 | $0.00 | -- |
| Disposition | Stock Options (Right to buy) | 12,131 | $0.00 | -- |
| Disposition | Stock Options (Right to buy) | 21,000 | $0.00 | -- |
| Disposition | Common Stock | 276,389 | $0.00 | -- |
Holdings After Transaction:
Stock Options (Right to buy) — 0 shares (Direct);
Common Stock — 0 shares (Direct)
Footnotes (1)
- Pursuant to the Agreement and Plan of Merger, dated as of December 29, 2025 (the "Merger Agreement") among the Issuer, Cvent Atlanta, LLC ("Parent"), and Summit Sub Corp. ("Merger Sub"), on April 1, 2026, Merger Sub merged with and into the Issuer, with the Issuer continuing as the surviving company and a wholly-owned subsidiary of Parent (the "Merger"). At the effective time of the Merger, each outstanding share of Issuer common stock was automatically canceled and converted into the right to receive cash in an amount equal to $8.10 per share, without interest, with similar treatment for outstanding RSUs. At the effective time of the Merger, each outstanding option to purchase Issuer common stock was automatically canceled and converted into the right to receive cash in an amount equal to $8.10 less the exercise price per share of such option.
Key Figures
Merger cash price: $8.10 per share
Common shares disposed: 276,389 shares
Option grant 1: 20,000 options at $13.33
+4 more
7 metrics
Merger cash price
$8.10 per share
Cash consideration for each outstanding ON24 common share
Common shares disposed
276,389 shares
ON24 common stock reported as issuer disposition on April 1, 2026
Option grant 1
20,000 options at $13.33
Stock options canceled and converted into cash right per merger terms
Option grant 2
12,131 options at $1.35
Stock options canceled and converted into cash right per merger terms
Option grant 3
21,000 options at $1.23
Stock options canceled and converted into cash right per merger terms
Derivative transactions
3 derivative entries
Stock option dispositions reported with code D on April 1, 2026
Dispositions count
4 transactions
All classified as dispose in transactionSummary
Key Terms
Agreement and Plan of Merger, Merger, RSUs, stock options, +1 more
5 terms
Agreement and Plan of Merger regulatory
"Pursuant to the Agreement and Plan of Merger, dated as of December 29, 2025"
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
Merger regulatory
"on April 1, 2026, Merger Sub merged with and into the Issuer"
A merger is when two companies combine into a single business, with ownership and control reorganized so they operate as one entity. For investors it matters because mergers can change the value and risk of holdings—shares may be exchanged, diluted, or rise if the combined company saves costs or gains market power, and the deal often depends on regulatory approval and successful integration like two households joining resources and routines.
RSUs financial
"with similar treatment for outstanding RSUs"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
stock options financial
"each outstanding option to purchase Issuer common stock was automatically canceled"
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
wholly-owned subsidiary financial
"the Issuer continuing as the surviving company and a wholly-owned subsidiary of Parent"
A wholly-owned subsidiary is a company whose entire ownership is held by another company, called the parent, so the parent controls all shares, board appointments and major decisions. For investors this matters because the subsidiary’s profits, losses, assets and liabilities are treated as part of the parent’s financial picture, affecting valuation and risk exposure — imagine a parent owning a single storefront outright and consolidating its receipts and bills into the parent’s books.
FAQ
What does the ON24 (ONTF) Form 4 for Dominique Trempont report?
The Form 4 reports that director Dominique Trempont disposed of ON24 common stock and stock options in connection with a completed cash merger, with all reported holdings and options canceled and converted into defined cash rights under the merger terms.
How were ON24 (ONTF) stock options treated in the merger?
Each outstanding option to purchase ON24 common stock was automatically canceled and converted into the right to receive cash equal to $8.10 minus the option’s exercise price per share, aligning option holders’ treatment with the per-share cash consideration paid to common shareholders.
What specific ON24 (ONTF) option grants did Trempont dispose of?
Trempont reported dispositions of options covering 20,000 shares at an exercise price of $13.33, 12,131 shares at $1.35, and 21,000 shares at $1.23 per share, all canceled and converted into cash rights under the merger terms.
What corporate change at ON24 (ONTF) triggered these Form 4 transactions?
The transactions were triggered when Summit Sub Corp. merged into ON24 under a Merger Agreement with Cvent Atlanta, LLC. ON24 continued as the surviving company and became a wholly-owned subsidiary of Cvent Atlanta, LLC following this cash merger.