Sharan Sharat - Dec 1, 2021 Form 4 Insider Report for ON24 INC. (ONTF)

Role
President and Chief Executive, Director
Signature
/s/ Sharat Sharan, William Weesner, Attorney-in-Fact
Stock symbol
ONTF
Transactions as of
Dec 1, 2021
Transactions value $
-$715,176
Form type
4
Date filed
12/3/2021, 03:46 PM
Previous filing
Nov 16, 2021
Next filing
Jan 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ONTF Common Stock Options Exercise $0 +46.9K +2.35% $0.00 2.04M Dec 1, 2021 Direct
transaction ONTF Common Stock Tax liability -$362K -22.8K -1.12% $15.84 2.02M Dec 1, 2021 Direct F1, F2
transaction ONTF Common Stock Options Exercise $0 +46.9K +2.32% $0.00 2.07M Dec 2, 2021 Direct
transaction ONTF Common Stock Tax liability -$353K -23.2K -1.13% $15.20 2.04M Dec 2, 2021 Direct F3
holding ONTF Common Stock 92.5K Dec 1, 2021 Held by daughter

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ONTF Restricted Stock Units Options Exercise $0 -46.9K -50% $0.00 46.9K Dec 1, 2021 Common Stock 46.9K Direct F4, F5
transaction ONTF Restricted Stock Units Options Exercise $0 -46.9K -100% $0.00* 0 Dec 2, 2021 Common Stock 46.9K Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction is not a sale of shares by the Reporting Person. Instead, the shares were withheld by the Issuer, to satisfy withholding taxes in connection with the settlement on December 1, 2021 of restricted stock units held by the Reporting Person.
F2 The previous Form 4 dated November 3, 2021 reflected 23,634 shares disposed. That share withholding was inadvertently overreported by 393 shares. Therefore, 393 shares are being deducted from this withholding. Original withholding amount is 23,241 shares; adjusted withholding amount is 22,848 shares.
F3 This transaction is not a sale of shares by the Reporting Person. Instead, the shares were withheld by the Issuer, to satisfy withholding taxes in connection with the settlement on December 2, 2021 of restricted stock units held by the Reporting Person.
F4 Each restricted stock unit represents the contingent right to receive one share of the issuer's common stock.
F5 Each restricted stock unit vested upon satisfaction of a service condition and a liquidity condition and settles for one share of the issuer's common stock.