Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
holding | ONTF | Common Stock | 57.5K | Jun 15, 2023 | Direct | F1, F2 | |||||
holding | ONTF | Common Stock | 7.33M | Jun 15, 2023 | By Fund | F3 |
Cynthia Paul is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
Id | Content |
---|---|
F1 | The Reporting Person is voluntarily restating her holdings in light of the $1.09 special dividend declared on May 8, 2023, payable on or about June 15, 2023, to stockholders of record as of the close of business on May 22, 2023. Pursuant to antidilution provisions, the previously awarded restricted stock units ("RSUs") with 49,622 shares outstanding were automatically adjusted to represent RSUs to acquire 57,495 shares, as reflected herein. There were no other changes to the RSUs. |
F2 | 1/3 of the RSUs will vest annually over 3 years. |
F3 | Shares are held directly by Lynrock Lake Master Fund LP ("Lynrock Fund"). The investment manager and general partner of Lynrock Fund are Lynrock Lake LP ("Lynrock") and Lynrock Lake Partners LLC ("Lynrock GP"), respectively, and each may be deemed to beneficially own the shares held by Lynrock Fund. The Reporting Person is the Chief Investment Officer of Lynrock and Sole Member of Lynrock GP and may be deemed to beneficially own the shares held by Lynrock Fund. The Reporting Person disclaims beneficial ownership in these shares except to the extent of her pecuniary interest therein. |