ON24 (ONTF) CFO reports full equity cash-out as $8.10-per-share merger closes
Rhea-AI Filing Summary
ON24 Inc. Chief Financial Officer Steven Vattuone reported merger-related equity transactions. On April 1, 2026, all of his ON24 common stock and stock options were disposed of back to the issuer under a completed merger.
Under the merger agreement, each outstanding ON24 common share was canceled and converted into the right to receive cash of $8.10 per share, with similar treatment for restricted stock units, except unvested RSUs remain subject to time-based vesting. Each outstanding option to purchase ON24 common stock, including options to buy 90,982 and 9,018 shares at a $13.33 exercise price, was canceled and converted into a cash right equal to $8.10 minus the option’s exercise price per share.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 432,001 shares
Net Sell
4 txns
Insider
Vattuone Steven
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Options (Right to buy) | 90,982 | $0.00 | $0.00 |
| Disposition | Stock Options (Right to buy) | 9,018 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 79,935 | $0.00 | $0.00 |
| Disposition | Common Stock | 511,936 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Options (Right to buy) — 0 shares (Direct);
Common Stock — 0 shares (Direct)
Footnotes (2)
- F1. 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 except that unvested RSUs remain subject to time-based vesting conditions.
- F2. 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 per share: $8.10 per share
Disposed common shares: 511,936 shares
Option grant 1 size: 90,982 options
+4 more
7 metrics
Merger cash price per share
$8.10 per share
Cash consideration for each outstanding ON24 common share in merger
Disposed common shares
511,936 shares
Common stock disposed to issuer, total shares following transaction 0
Option grant 1 size
90,982 options
Stock options to buy common stock canceled in merger
Option grant 2 size
9,018 options
Additional stock options to buy common stock canceled in merger
Option exercise price
$13.33 per share
Exercise price for both canceled option grants
Common stock grant
79,935 shares
Common stock acquired via grant/award on April 1, 2026
Option cash-out formula
$8.10 minus exercise price
Per-share cash right for each canceled ON24 stock option
Key Terms
Agreement and Plan of Merger, Merger Sub, 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 Sub regulatory
"Cvent Atlanta, LLC ("Parent"), and Summit Sub Corp. ("Merger Sub"), on April 1, 2026..."
A merger sub is a temporary, wholly owned subsidiary that an acquiring company creates to carry out a merger with another firm. Think of it as a wrapper used to combine two businesses—this can simplify legal and tax steps, isolate liabilities, and help preserve the target’s contracts or stock structure, so investors watch it because the chosen approach affects deal mechanics, shareholder votes, potential dilution, and legal or tax risk.
RSUs financial
"with similar treatment for outstanding RSUs except that unvested RSUs remain subject to time-based vesting conditions"
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 and converted..."
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.
Disposition to issuer financial
"transaction_code_description: "Disposition to issuer" for derivative and non-derivative entries"
FAQ
What did ON24 (ONTF) CFO Steven Vattuone report in this Form 4?
Steven Vattuone reported merger-related equity changes. All of his ON24 common shares and stock options were canceled and converted into cash rights under the completed merger, leaving no reported remaining holdings in this filing.
How were ON24 (ONTF) stock options treated in the merger?
Each outstanding option to purchase ON24 common stock was canceled and converted into a cash right. The payment equals $8.10 minus the option’s exercise price per share, following the formula described in the merger agreement.
What happened to Steven Vattuone’s ON24 (ONTF) stock options in this filing?
Stock options covering 90,982 and 9,018 shares at a $13.33 exercise price were disposed of to the issuer. They were canceled and converted into cash rights using the $8.10-minus-exercise-price formula set out in the merger agreement.
What happened to ON24 (ONTF) restricted stock units (RSUs) in the merger?
Outstanding ON24 RSUs received treatment similar to common stock, tied to the $8.10 merger cash amount. However, unvested RSUs remain outstanding and subject to their original time-based vesting conditions, rather than being fully canceled at closing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
