Form 4: ON24 CFO Steven Vattuone Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
ON24's Chief Financial Officer, Steven Vattuone, sold 6,146 shares of common stock at an average price of $6.6833 under a pre-arranged 10b5-1 trading plan.
Summary
- Steven Vattuone, the Chief Financial Officer of ON24 Inc., sold 6,146 shares of common stock on February 12, 2025.
- The sale was executed under a Rule 10b5-1 trading plan adopted on September 12, 2024.
- The shares were sold at a weighted average price of $6.6833, with individual transactions ranging from $6.67 to $6.71.
- Following the transaction, Vattuone directly owns 534,386 shares of ON24 common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale by a company executive under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.
Industry Context
Sales by company executives are a normal part of corporate governance. The use of a 10b5-1 trading plan suggests the executive is selling at predetermined times and prices to avoid any accusations of insider trading.
Stakeholder Impact
- The sale of shares by a company executive could be perceived negatively by some shareholders, but the existence of a 10b5-1 trading plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 09/12/2024 | Date of adoption of Rule 10B5-1 trading plan |
| 02/12/2025 | Date of stock sale transaction |
| 02/13/2025 | Date of Form 4 filing |
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