GOLDMAN SACHS GROUP INC - 14 Mar 2022 Form 4 Insider Report for ON24 INC. (ONTF)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
16 Mar 2022, 17:59:30 UTC
Prior SEC filing
14 Mar 2022
Next SEC filing
18 May 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Crystal Orgill, Attorney-in-fact

Key filing fact

GOLDMAN SACHS GROUP INC filed Form 4 for ON24 INC. (ONTF) on 16 Mar 2022.

Key facts

  • This page summarizes GOLDMAN SACHS GROUP INC's Form 4 filing for ON24 INC. (ONTF).
  • 2 reported transactions and 0 derivative rows are listed below.
  • Accepted by SEC: 16 Mar 2022, 17:59.

Change

  • Previous filing in this sequence was filed on 14 Mar 2022.
  • Current net transaction value: -$606,448.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

ONTF transaction

Common Stock

Sale

Transaction value
$303,278
Shares
-25,000
Change %
-0.74%
Price
$12.13
Shares after
3,351,770
Date
14 Mar 2022
Ownership
See Footnotes
Footnotes
F1, F2, F3, F4
ONTF transaction

Common Stock

Sale

Transaction value
$303,170
Shares
-25,000
Change %
-0.75%
Price
$12.13
Shares after
3,326,778
Date
15 Mar 2022
Ownership
See Footnotes
Footnotes
F1, F3, F4, F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group"), Goldman Sachs & Co. LLC ("Goldman Sachs"), GSSG Holdings LLC ("GSSG"), and Special Situations Investing Group II, LLC ("SSIG", together with GS Group, Goldman Sachs, and GSSG, the "Reporting Persons"). GSSG is a wholly owned subsidiary of GS Group, and SSIG is a wholly owned subsidiary of GSSG. Goldman Sachs is a wholly owned subsidiary of GS Group.

Footnote F2

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.92 to $12.66, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2) and (5) to this Form 4.

Footnote F3

GS Group may be deemed to beneficially own indirectly, the number of shares of common stock of the Issuer (the "Common Stock") reported as held by SSIG and/or Goldman Sachs, respectively. Goldman Sachs and GS Group may be deemed to beneficially own indirectly, in the aggregate, 3,326,778 shares of the Common Stock of the Issuer by reason of the direct or indirect beneficial ownership of such shares as follows: (i) 3,236,313 shares of Common Stock held by SSIG and (ii) 90,465 shares of Common Stock held by Goldman Sachs.

Footnote F4

Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interests in, such securities for purposes of Section 16 of the Securities and Exchange Act of 1934, as amended, or for any other purpose.

Footnote F5

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.02 to $12.41, inclusive.

SEC remarks

The Reporting Persons are filing this Form 4 out of abundance of caution on the basis that they may be deemed directors by deputization of Holger Staude, an employee of Goldman Sachs & Co. LLC who currently serves on the Issuer's board of directors. Mr. Staude disclaims beneficial ownership of any and all securities reported herein, and this report shall not be deemed an admission that Mr. Staude is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

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