Form 4: Lynrock Lake LP and Director Cynthia Paul Increase Stake in ON24 Inc. Through Recent Stock Purchases

Lynrock Lake LP, a significant 10% owner and investment manager for Lynrock Fund, along with Director Cynthia Paul, have increased their beneficial ownership in ON24 Inc. through recent common stock purchases.

Summary

• Lynrock Lake LP, acting as the investment manager for Lynrock Lake Master Fund LP ('Lynrock Fund'), acquired a total of 33,550 shares of ON24 Inc. common stock across two transactions.
• On June 11, 2025, Lynrock Fund purchased 143 shares at a price of $5.5 per share.
• On June 12, 2025, Lynrock Fund purchased an additional 33,407 shares at a weighted average price of $5.56 per share, with prices ranging from $5.48 to $5.56.
• Following these transactions, Lynrock Fund's beneficial ownership in ON24 Inc. increased to 8,293,974 shares.
• Cynthia Paul, who is the Chief Investment Officer of Lynrock Lake LP and Sole Member of Lynrock Lake Partners LLC (the general partner of Lynrock Fund), is deemed to beneficially own these shares.
• Additionally, the filing indicates a disposition of 109,240 shares of common stock directly held by Ms. Paul, though specific transaction details (date, price) for this disposition are not provided in the table.
• Lynrock Lake LP, Lynrock Lake Partners LLC, and Cynthia Paul each disclaim beneficial ownership in the shares held by Lynrock Fund except to the extent of their respective pecuniary interest.

Sentiment

Score: 8

Explanation: The sentiment is positive due to significant insider buying by a 10% owner and director, indicating strong confidence in the company's valuation and future performance.

Positives

• Significant insider buying by a 10% owner and director (Lynrock Lake LP and Cynthia Paul) signals confidence in the company's future prospects.
• The purchases were made at prices between $5.48 and $5.56, indicating a belief in value at these levels.

Negatives

• The filing also notes a disposition of 109,240 shares directly by Ms. Paul, though without specific transaction details, which could be interpreted differently depending on the context of that sale.

Future Outlook

NA

Industry Context

This filing reflects an investment decision by a significant shareholder and director within the technology or software industry, specifically related to ON24 Inc., a company known for its webinar and virtual event platforms. Such insider buying can be a positive signal for the company's near-term prospects.

Related Party Transactions

• The transactions involve Lynrock Lake LP, Lynrock Lake Partners LLC, and Cynthia Paul, who are related parties to ON24 Inc. through their 10% ownership and Ms. Paul's directorship. The purchases of common stock by Lynrock Lake Master Fund LP, managed by these entities, constitute related party dealings.

Stakeholder Impact

• Shareholders may view the insider buying as a positive signal, potentially increasing investor confidence and demand for the stock.
• Employees and management might feel a boost in morale due to the significant investment by a key stakeholder.

Key Dates

Keywords

ON24 Inc., ONTF, SEC Form 4, Insider Trading, Beneficial Ownership, Stock Purchase, Lynrock Lake LP, Cynthia Paul, Investment Fund, Director, Equity Acquisition