Sharan Sharat - Jun 14, 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
Stock symbol
ONTF
Transactions as of
Jun 14, 2023
Transactions value $
-$279,705
Form type
4
Date filed
6/16/2023, 05:54 PM
Previous filing
Jun 9, 2023
Next filing
Jul 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ONTF Common Stock Options Exercise $15.8K +18.3K +0.72% $0.86* 2.56M Jun 14, 2023 Direct
transaction ONTF Common Stock Sale -$156K -18.3K -0.72% $8.51 2.54M Jun 14, 2023 Direct F1, F2
transaction ONTF Common Stock Options Exercise $15.8K +18.3K +0.72% $0.86* 2.56M Jun 15, 2023 Direct
transaction ONTF Common Stock Sale -$155K -18.3K -0.72% $8.47 2.54M Jun 15, 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 -18.3K -16.86% $0.00 90.4K Jun 14, 2023 Common Stock 18.3K $0.86 Direct F4, F5
transaction ONTF Stock Options (Right to buy) Options Exercise $0 0 0% $0.00* 1.48K Jun 14, 2023 Common Stock 0 $1.68 Direct F4, F5
transaction ONTF Stock Option (Right to Buy) Options Exercise $0 -18.3K -20.28% $0.00 72.1K Jun 15, 2023 Common Stock 18.3K $0.86 Direct F4, F5
transaction ONTF Stock Options (Right to buy) Options Exercise $0 0 0% $0.00* 1.48K Jun 15, 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.