Cynthia Paul - Jun 15, 2023 Form 4 Insider Report for ON24 INC. (ONTF)

Signature
/s/ Cynthia Paul
Stock symbol
ONTF
Transactions as of
Jun 15, 2023
Transactions value $
$0
Form type
4
Date filed
6/15/2023, 09:03 PM
Previous filing
Mar 13, 2023
Next filing
Jun 27, 2023

Transactions Table

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

Cynthia Paul is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

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.