ON24 Insider Sale: Blackie James Sells 3,283 Shares to Cover Taxes
Rhea-AI Filing Summary
Insider sale under 10b5-1 plan: Blackie James, Chief Revenue Officer of ON24, Inc. (ONTF), sold 3,283 shares of common stock on 08/20/2025 pursuant to a Rule 10b5-1 trading plan adopted on 08/29/2024. The shares were sold to cover tax withholding obligations related to the vesting of restricted stock units at a weighted-average price of $5.2138 per share (sales ranged $5.17–$5.29). Following the transaction James beneficially owned 522,307 shares, reported as direct ownership. The Form 4 was signed via attorney-in-fact on 08/22/2025.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine tax-covering sale by an officer under a pre-established 10b5-1 plan; not an operating signal.
This Form 4 reports a small, targeted sale of 3,283 shares by the Chief Revenue Officer to satisfy tax withholding on vested RSUs. The transaction was effected under a 10b5-1 plan adopted in August 2024 and uses a weighted-average sale price of $5.2138. The post-sale beneficial ownership of 522,307 shares remains substantial in absolute terms but the sale size is immaterial relative to that holding. From a financial-analysis perspective this is a non-operational, routine insider liquidity event and does not provide new information about company performance.
TL;DR: Governance-compliant disposition under an established trading plan; disclosure is complete and standard.
The filing discloses that the reporting person used a Rule 10b5-1 trading plan and explicitly states the shares were sold to cover tax withholding from vested restricted stock units. The report includes weighted-average price ranges and a commitment to provide detailed price breakdowns upon request, which aligns with transparent disclosure practices. Signature via attorney-in-fact is noted and dated. This disclosure follows expected governance and SEC reporting protocols for insider transactions.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,283 | $5.2138 | $17K |
Footnotes (1)
- The transactions reported in this Form 4 was effected pursuant to a Rule 10B5-1 trading plan adopted by the reporting person on August 29, 2024. 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 price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $5.17 to $ 5.29 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.