Form 4: ON24 CFO Steven Vattuone Sells 9,375 Shares Under 10b5-1 Trading Plan

ON24's Chief Financial Officer, Steven Vattuone, executed a sale of 9,375 shares of common stock at an average price of $5.8052, as part of a pre-arranged Rule 10b5-1 trading plan.

Summary

• Steven Vattuone, the Chief Financial Officer of ON24 Inc., sold 9,375 shares of common stock on June 6, 2024.
• The sale was executed under a Rule 10b5-1 trading plan adopted on September 14, 2023.
• The shares were sold at a weighted average price of $5.8052, with individual transactions ranging from $5.78 to $5.84.
• Following the transaction, Vattuone directly owns 576,994 shares of ON24 Inc.

Sentiment

Score: 5

Explanation: The document is a standard Form 4 filing, indicating a routine transaction. The sale was conducted under a pre-arranged trading plan, suggesting no particular cause for alarm or excitement.

Industry Context

Sales by company executives are a normal part of corporate governance. The fact that this sale was executed under a 10b5-1 trading plan suggests it was pre-planned and not based on any immediate inside information.

Stakeholder Impact

• The sale of shares by a high-ranking executive could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates