Presidio Management Group VII L L C - Aug 11, 2021 Form 4 Insider Report for ON24 INC. (ONTF)

Role: 10%+ Owner
Signature: Dale Holladay, Attorney in Fact for each Reporting Person
Stock symbol: ONTF
Transactions as of: Aug 11, 2021
Transactions value $: -$669,114
Form type: 4
Date filed: 8/13/2021, 02:02 PM
Next filing: Aug 19, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ONTF	Common Stock	Other		-1.5M	-20.36%		5.87M	Aug 11, 2021	Directly owned by USVP VII	F1, F2
transaction	ONTF	Common Stock	Other		-31.3K	-20.36%		122K	Aug 11, 2021	Directly owned by 2180-VII	F1, F2
transaction	ONTF	Common Stock	Other		+312			312	Aug 11, 2021	Direct	F1
transaction	ONTF	Common Stock	Sale	-$6.61K	-312	-100%	$21.20	0	Aug 12, 2021	Direct	F3
transaction	ONTF	Common Stock	Sale	-$331K	-15.6K	-20.36%	$21.20	61.1K	Aug 12, 2021	Directly owned by EP7-A	F2, F3
transaction	ONTF	Common Stock	Sale	-$331K	-15.6K	-20.36%	$21.20	61.1K	Aug 12, 2021	Directly owned by EP7-B	F2, F3
holding	ONTF	Common Stock						5K	Aug 11, 2021	Directly owned by Casey Tansey	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents a pro-rata in-kind distribution of the Issuer's common stock held directly by each of U.S. Venture Partners VII, L.P. ("USVP VII") and 2180 Associates Fund VII, L.P. ("2180-VII'), without additional consideration to its partners or members. Presidio Management Group VII, L.L.C. ("PMG VII") received a pro-rata in-kind distribution from 2180-VII.
F2	Presidio Management Group VII, L.L.C. ("PMG VII"), the general partner of each of U.S. Venture Partners VII, L.P. ("USVP VII"), 2180 Associates Fund VII, L.P. ("2180-VII), USVP Entrepreneur Partners VII-A, L.P. ("EP7-A") and USVP Entrepreneur Partners VII-B, L.P. ("EP7-B") (together, the "USVP VII Funds"), has sole voting and dispositive power with respect to the shares held by the USVP VII Funds. Casey Tansey is the sole managing partner of PMG VII and may be deemed to have sole dispositive power over the reported securities held by the USVP VII Funds and may be deemed to have shared voting power over the reported securities held by the USVP VII Funds. Each of the foregoing persons disclaims beneficial ownership of such securities, except to the extent of any pecuniary interest therein
F3	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.32 to $21.98, inclusive for sales on 8/12/2021. The reporting persons undertake to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.