Form 4: Lynrock Lake LP Increases Stake in ON24 INC. Through Multiple Open Market Purchases
SEC Form 4 Filing
Lynrock Lake LP, a significant shareholder in ON24 INC., has increased its holdings through a series of open market purchases between May 15 and May 19, 2025.
Summary
- Lynrock Lake LP, along with related entities and Cynthia Paul, has reported changes in beneficial ownership of ON24 INC. common stock.
- Between May 15 and May 19, 2025, Lynrock Lake LP acquired additional shares of ON24 INC. through open market purchases.
- On May 15, 2025, 12,971 shares were purchased at a weighted average price of $5.46.
- On May 16, 2025, 24,576 shares were purchased at a weighted average price of $5.52.
- On May 19, 2025, 27,884 shares were purchased at a weighted average price of $5.48.
- Additionally, Cynthia Paul disposed of 109,240 shares.
- Following these transactions, Lynrock Lake LP's beneficial ownership stands at 7,798,633 shares held by Lynrock Fund.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. The increased stake by Lynrock Lake LP suggests confidence, but the sale of shares by Cynthia Paul tempers the positive outlook.
Positives
- Lynrock Lake LP's increased investment signals confidence in ON24 INC.'s future prospects.
Negatives
- Cynthia Paul disposed of 109,240 shares.
Industry Context
This filing reflects ongoing trading activity by a major shareholder in ON24 INC., which is common in the market. The purchases could be interpreted as a positive signal, but further context would be needed to assess the broader implications.
Stakeholder Impact
- The increased stake by Lynrock Lake LP could positively influence shareholder confidence.
- The transactions may have a short-term impact on the stock price.
Key Dates
| Date | Description |
|---|---|
| 05/15/2025 | Purchase of 12,971 shares of Common Stock at a weighted average price of $5.46 |
| 05/16/2025 | Purchase of 24,576 shares of Common Stock at a weighted average price of $5.52 |
| 05/19/2025 | Purchase of 27,884 shares of Common Stock at a weighted average price of $5.48 |
| 05/19/2025 | Cynthia Paul disposed of 109,240 shares. |
| 05/19/2025 | Date of report filing |
Keywords
ON24 INC., Lynrock Lake LP, Beneficial Ownership, Stock Purchase, Cynthia Paul, Form 4, Investment
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