ON24 (ONTF) CRO sells 3,117 shares under 10b5-1 tax-cover plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ON24 Inc. Chief Revenue Officer James Blackie reported an open-market sale of 3,117 shares of common stock at an average price of $8.0656 per share. The sale was executed under a pre-arranged Rule 10b5-1 trading plan and covered tax withholding obligations tied to restricted stock unit vesting. After this transaction, Blackie directly holds 480,935 ON24 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 3,117 shares ($25,140)
Net Sell
1 txn
Insider
Blackie James
Role
Chief Revenue Officer
Sold
3,117 shs ($25K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,117 | $8.0656 | $25K |
Holdings After Transaction:
Common Stock — 480,935 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 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 $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 insider transaction did ON24 (ONTF) report for James Blackie?
ON24 reported that Chief Revenue Officer James Blackie sold 3,117 shares of common stock. The shares were sold in an open-market transaction at an average price of $8.0656 per share, according to a pre-arranged Rule 10b5-1 trading plan.
Was the ON24 (ONTF) insider sale by James Blackie pre-planned?
Yes, the transaction was carried out under a Rule 10b5-1 trading plan. The filing states that Blackie adopted this plan on August 29, 2024, meaning the sale’s timing was scheduled in advance rather than decided spontaneously.
Does James Blackie’s ON24 (ONTF) Form 4 indicate open-market selling?
Yes, the transaction is coded as an open-market sale of common stock. However, the filing clarifies that the purpose was to cover tax withholding on vested restricted stock units, rather than a discretionary reduction of his overall position.