Federman Irwin - Aug 17, 2021 Form 4 Insider Report for ON24 INC. (ONTF)

Role
Director, 10%+ Owner
Signature
Dale Holladay, Attorney in Fact for the Reporting Person
Stock symbol
ONTF
Transactions as of
Aug 17, 2021
Transactions value $
-$632,187
Form type
4
Date filed
8/19/2021, 06:25 PM
Previous filing
Aug 13, 2021
Next filing
Aug 25, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ONTF Common Stock Other -1.5M -25.56% 4.37M Aug 17, 2021 Directly owned by USVP VII F1, F2
transaction ONTF Common Stock Other -31.3K -25.56% 91K Aug 17, 2021 Directly owned by 2180-VII F1, F2
transaction ONTF Common Stock Other +312 312 Aug 17, 2021 Directly owned by PMG VII F1, F2
transaction ONTF Common Stock Other +1.99K +100% 3.99K Aug 17, 2021 Direct F1
transaction ONTF Common Stock Sale -$6.25K -312 -100% $20.03 0 Aug 18, 2021 Directly owned PMG VII F2, F3
transaction ONTF Common Stock Sale -$313K -15.6K -25.56% $20.03 45.5K Aug 18, 2021 Directly owned by EP7-A F2, F3
transaction ONTF Common Stock Sale -$313K -15.6K -25.56% $20.03 45.5K Aug 18, 2021 Directly owned by EP7-B F2, F3
* 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. ("Associates VII"), USVP Entrepreneur Partners VII-A, L.P. ("USVP VII-A") and USVP Entrepreneur Partners VII-B, L.P. ("USVP VII-B" and, together with USVP VII, Associates VII and USVP VII-A, the "USVP VII Funds"), has sole voting and dispositive power with respect to the shares held by the USVP VII Funds. The reporting person is a managing member of PMG VII with additional rights with respect to the shares held by the USVP VII Funds, and may be deemed to have sole voting and dispositive power with respect to such shares. 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 $19.45 to $20.50, inclusive for sales on 8/18/2021. 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.