ON24 Chief Executive Profits from Options Exercise While Retaining Large Stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ON24 President and CEO Sharat Sharan executed significant insider transactions on June 17, 2025. The transactions involved:
- Exercise of stock options for 62,206 shares at $0.89 per share
- Sale of 37,527 shares at weighted average price of $5.3876 per share
The transactions were conducted under a Rule 10B5-1 trading plan established on December 12, 2024. Following these transactions, Sharan holds 3,237,384 shares directly and retains 284,789 stock options. As a Director, 10% Owner, and CEO, Sharan maintains significant ownership in the company. The exercised options were fully vested, with an expiration date of January 4, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 37,527 shares ($202,180)
Net Sell
3 txns
Insider
Sharan Sharat
Role
President and Chief Executive
Sold
37,527 shs ($202K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 62,206 | $0.00 | -- |
| Exercise | Common Stock | 62,206 | $0.89 | $55K |
| Sale | Common Stock | 37,527 | $5.3876 | $202K |
Holdings After Transaction:
Stock Option (Right to Buy) — 284,789 shares (Direct);
Common Stock — 3,274,911 shares (Direct)
Footnotes (1)
- The transaction reported in this Form 4 was effected pursuant to a Rule 10B5-1 trading plan adopted by the reporting person on December 12, 2024. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $5.31 to $5.43 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 (2) to this Form 4. The options are fully vested and exercisable.
FAQ
What was the stock option exercise price for ONTF CEO's transaction on June 17, 2025?
CEO Sharat Sharan exercised stock options to purchase 62,206 shares of ONTF common stock at an exercise price of $0.89 per share. These options were set to expire on January 4, 2026.
What positions does Sharat Sharan hold at ONTF according to the Form 4?
According to the Form 4, Sharat Sharan serves as President and Chief Executive Officer of ONTF. He is also a Director and a 10% Owner of the company.