Form 4: ON24 Chief Revenue Officer James Blackie Sells Shares to Cover Tax Obligations

James Blackie, Chief Revenue Officer of ON24, sold 4,700 shares of common stock on August 20, 2024, to cover tax withholding obligations related to the vesting of restricted stock units.

Summary

• On August 20, 2024, James Blackie, the Chief Revenue Officer of ON24, sold 4,700 shares of the company's common stock.
• The sale was executed at a weighted average price of $6.2572 per share.
• The shares were sold to cover tax withholding obligations associated with the vesting of restricted stock units.
• Following the transaction, Blackie directly owns 441,537 shares of ON24 common stock.
• The sale was conducted under a Rule 10b5-1 trading plan adopted on September 14, 2023.

Sentiment

Score: 5

Explanation: This is a neutral event. An executive selling shares to cover tax obligations is a normal part of compensation and doesn't necessarily indicate a positive or negative outlook for the company.

Future Outlook

There is no future outlook information provided in this document.

Industry Context

This is a routine transaction related to executive compensation and tax obligations. It's common for executives to sell shares to cover taxes when restricted stock units vest. It does not necessarily reflect a change in the executive's confidence in the company.

Key Dates