ON24 (ONTF) director exits stake in $8.10-per-share cash merger
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ZWARENSTEIN BARRY reported disposition transactions in this Form 4 filing.
ON24 Inc. director Barry Zwarenstein reported that his equity stake was cashed out in connection with the company’s merger. On April 1, 2026, all of his 154,586 shares of common stock and stock options for 110,834 shares were canceled and converted into cash rights under the merger terms.
Each ON24 common share was converted into the right to receive $8.10 in cash, with similar treatment for RSUs. Each stock option was canceled and converted into a cash right equal to $8.10 minus its $6.88 exercise price per share, leaving him with no remaining ON24 holdings.
Positive
- None.
Negative
- None.
Insights
Director’s entire ON24 stake is cashed out via a completed merger.
Barry Zwarenstein’s Form 4 shows a full disposition of his ON24 equity due to a merger that converted all common shares into a cash payment of $8.10 per share. His 154,586 shares and options over 110,834 shares were canceled for cash consideration.
The transactions are coded as dispositions to the issuer, reflecting automatic treatment at closing rather than open‑market selling. With total shares following the transactions reported as zero, this filing confirms he no longer holds ON24 securities after the merger’s effective time on April 1, 2026.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
ZWARENSTEIN BARRY
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Options (Right to buy) | 110,834 | $0.00 | -- |
| Disposition | Common Stock | 154,586 | $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
Common shares disposed: 154,586 shares
Options canceled: 110,834 options
Exercise price: $6.88 per share
+3 more
6 metrics
Common shares disposed
154,586 shares
Common stock canceled and cashed out in merger on April 1, 2026
Options canceled
110,834 options
Stock options over common shares canceled at merger effective time
Exercise price
$6.88 per share
Exercise price of canceled ON24 stock options
Merger cash price
$8.10 per share
Cash consideration for each ON24 common share in merger
Post-transaction holdings
0 shares
Total ON24 common stock held after transactions
Post-transaction options
0 options
Total ON24 stock options held after transactions
Key Terms
Agreement and Plan of Merger, Merger, stock options, RSUs, +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 financial
"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.
stock options financial
"At the effective time of the Merger, each outstanding option to purchase Issuer common stock..."
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.
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.
disposition to issuer financial
""transaction_code_description": "Disposition to issuer""
FAQ
What did ON24 (ONTF) director Barry Zwarenstein report in this Form 4?
He reported a complete disposition of his ON24 equity. All common shares and stock options were canceled and converted into cash rights at the merger closing, leaving him with no remaining ON24 holdings after April 1, 2026.
What happened to Barry Zwarenstein’s ON24 stock options in the merger?
His options to purchase 110,834 ON24 shares at a $6.88 exercise price were automatically canceled. Each option was converted into the right to receive cash equal to $8.10 minus the option’s exercise price per underlying share, instead of remaining outstanding.
What corporate event triggered the dispositions reported for ON24 (ONTF)?
The dispositions were triggered by a merger in which a subsidiary of Cvent Atlanta, LLC merged into ON24. ON24 became a wholly-owned subsidiary, and at the effective time, all common shares, RSUs, and options were automatically canceled and converted into cash rights.