ONTF CEO Sharan Sharat sold 50,330 shares under 10b5-1 plan
Rhea-AI Filing Summary
Sharan Sharat, President, CEO, Director and 10% owner of ON24, Inc. (ONTF), reported two stock sales under a pre-existing Rule 10b5-1 trading plan. On 09/30/2025 he sold 29,457 shares at a weighted average price in the range of $5.69–$5.825 to cover tax withholding on vesting restricted stock units, leaving 3,591,406 shares beneficially owned after that sale. On 10/01/2025 he sold an additional 20,873 shares at a weighted average price in the range of $5.51–$5.68, leaving 3,570,533 shares beneficially owned after the second sale. The Form 4 states the sales were effected pursuant to a trading plan adopted on 12/12/2024 and that detailed per-price breakdowns are available on request.
Positive
- Sales conducted under a Rule 10b5-1 plan, indicating pre-arranged transactions
- Sales were to cover tax withholding on vested RSUs, a routine compensation-related transaction
- Reporting person retained a large beneficial position of 3,570,533 shares after the transactions
- Weighted-average prices and price ranges disclosed, with offer to provide detailed per-trade breakdowns on request
Negative
- Insider sold a total of 50,330 shares, reducing beneficial ownership from 3,591,406 to 3,570,533
- Sales occurred at mid-single-digit dollar prices ($5.51–$5.825), potentially reflecting current market valuation at the time
Insights
Routine tax-withholding sales under a pre-set plan; insider retains a multi-million share stake.
The filing shows the CEO sold a total of 50,330 shares across 09/30/2025 and 10/01/2025 to satisfy tax withholding on vested restricted stock units. These sales were made under a 10b5-1 trading plan adopted on 12/12/2024, which typically indicates pre-arranged transactions rather than opportunistic market timing.
After the reported trades the reporting person still beneficially owns 3,570,533 shares, which remains a substantial ownership stake disclosed on the Form 4.
Small-volume insider sales at mid-$5 range; limited direct market impact.
The sales totaled 50,330 shares at weighted average prices spanning $5.51–$5.825 across multiple executions. The Form 4 explains the first block ranged $5.69–$5.825 and the second $5.51–$5.68, with weighted averages reported as $5.7376 and $5.6047.
The filer offered to provide per-trade price breakdowns on request, which supports transparency about execution prices but the filing itself contains no additional market-timing or event-driven rationale.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 20,873 | $5.6047 | $117K |
| Sale | Common Stock | 29,457 | $5.7376 | $169K |
Footnotes (1)
- 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 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 $5.69 to $5.825 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $5.51 to $5.68 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 (4) to this Form 4.