ON24 (ONTF) CFO sells 3,429 shares to cover RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ON24 Inc. Chief Financial Officer Steven Vattuone sold 3,429 shares of common stock at a weighted average price of $8.0656 per share. The shares were sold to cover tax withholding obligations tied to vesting restricted stock units and were executed under a pre-arranged Rule 10b5-1 trading plan. After this transaction, he directly holds 432,001 ON24 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 3,429 shares ($27,657)
Net Sell
1 txn
Insider
Vattuone Steven
Role
Chief Financial Officer
Sold
3,429 shs ($28K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,429 | $8.0656 | $28K |
Holdings After Transaction:
Common Stock — 432,001 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 August 7, 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 $8.06 to $8.075, 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.
FAQ
What did ON24 (ONTF) CFO Steven Vattuone report in this Form 4?
Steven Vattuone reported selling 3,429 shares of ON24 common stock. The sale was made at a weighted average price of $8.0656 per share and was linked to covering tax obligations from restricted stock unit vesting.
Was the ON24 (ONTF) CFO sale part of a trading plan?
Yes. The sale was executed under a Rule 10b5-1 trading plan adopted by Steven Vattuone on August 7, 2024. Such plans pre-schedule trades, making the timing more routine and less indicative of short-term views on the stock.
Does the ON24 (ONTF) Form 4 indicate any option exercises or derivatives?
No derivative transactions were reported in this Form 4. The filing shows only a non-derivative sale of common stock related to tax withholding, with no remaining derivative positions listed in the derivative summary section.