Sharat Sharan - 14 Jun 2023 Form 4 Insider Report for ON24 INC. (ONTF)

Role
President and Chief Executive, Director
Signature
/s/ Sharan Sharat by Charles Rogerson, as Attorney-in-Fact
Issuer symbol
ONTF
Transactions as of
14 Jun 2023
Net transactions value
-$279,705
Form type
4
Filing time
16 Jun 2023, 17:54:06 UTC
Previous filing
09 Jun 2023
Next filing
05 Jul 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ONTF Common Stock Options Exercise $15,767 +18,334 +0.72% $0.8600* 2,561,576 14 Jun 2023 Direct
transaction ONTF Common Stock Sale $156,017 -18,334 -0.72% $8.51 2,543,242 14 Jun 2023 Direct F1, F2
transaction ONTF Common Stock Options Exercise $15,767 +18,334 +0.72% $0.8600* 2,561,576 15 Jun 2023 Direct
transaction ONTF Common Stock Sale $155,223 -18,334 -0.72% $8.47 2,543,242 15 Jun 2023 Direct F1, F3

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 Stock Option (Right to Buy) Options Exercise $0 -18,334 -17% $0.000000 90,384 14 Jun 2023 Common Stock 18,334 $0.8600 Direct F4, F5
transaction ONTF Stock Options (Right to buy) Options Exercise $0 0 0% $0.000000* 1,484 14 Jun 2023 Common Stock 0 $1.68 Direct F4, F5
transaction ONTF Stock Option (Right to Buy) Options Exercise $0 -18,334 -20% $0.000000 72,050 15 Jun 2023 Common Stock 18,334 $0.8600 Direct F4, F5
transaction ONTF Stock Options (Right to buy) Options Exercise $0 0 0% $0.000000* 1,484 15 Jun 2023 Common Stock 0 $1.68 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The transaction reported in this Form 4 was effected pursuant to a Rule 10B5-1 trading plan adopted by the reporting person on March 14, 2023
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $8.39 to $8.72, inclusive. The reporting person undertakes to provide to Issuer, any security holder of Issuer, or the staff of the Security and Exchange Commission, upon request, full information regarding the number of shares sold in each separate price within the ranges set forth in footnote (2) to this Form 4.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $8.38 to $8.51, inclusive. The reporting person undertakes to provide to Issuer, any security holder of Issuer, or the staff of the Security and Exchange Commission, upon request, full information regarding the number of shares sold in each separate price within the ranges set forth in footnote (3) to this Form 4.
F4 These awards were historically presented as one award. Because of the antidilution adjustments associated with the special dividend payable on or about June 15, 2023, we are now separately presenting the portion intended to be NSOs from the portion intended to be ISOs.
F5 The options are fully vested and exercisable.