Form 4: ON24 Chief Revenue Officer Sells Shares to Cover Tax Obligations Under 10b5-1 Plan

ON24 Inc.'s Chief Revenue Officer, James Blackie, sold 2,102 shares of common stock at a weighted average price of $5.4877 to satisfy tax withholding obligations related to restricted stock unit vesting, as disclosed in a recent SEC Form 4 filing.

Summary

• James Blackie, Chief Revenue Officer of ON24 Inc. (ONTF), reported a transaction on June 5, 2025.
• He disposed of 2,102 shares of ON24 Common Stock.
• The shares were sold at a weighted average price of $5.4877 per share, with individual transactions ranging from $5.44 to $5.52.
• The sale was conducted to cover tax withholding obligations associated with the vesting of restricted stock units.
• The transaction was executed pursuant to a Rule 10b5-1 trading plan adopted by Mr. Blackie on August 29, 2024.
• Following this transaction, Mr. Blackie beneficially owns 525,590 shares of ON24 Common Stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral. This is a routine, pre-planned transaction by an insider to cover tax obligations, which is a common occurrence and does not typically indicate a change in management's confidence or company performance.

Future Outlook

The document does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This filing is a routine disclosure of an insider transaction, specifically a sale of shares by a corporate officer to cover tax liabilities. Such transactions are common in the technology industry, where restricted stock units (RSUs) are a prevalent form of executive compensation, and their vesting often triggers tax obligations that executives cover by selling a portion of the vested shares.

Related Party Transactions

• The transaction involves James Blackie, Chief Revenue Officer of ON24 Inc., selling shares of the company's common stock.

Stakeholder Impact

• Shareholders: The sale of 2,102 shares is a very small fraction of the company's total outstanding shares and Mr. Blackie's total holdings, thus having a negligible direct impact on share dilution or market dynamics.
• Employees: No direct impact on employees is indicated by this filing.

Key Dates

Keywords

ON24, ONTF, SEC Form 4, Insider Trading, Stock Sale, Restricted Stock Units, Tax Withholding, Rule 10b5-1 Plan, Chief Revenue Officer, Executive Compensation