Form 4: ON24 Executive James Blackie Sells Shares to Cover Tax Obligations

James Blackie, Chief Revenue Officer of ON24, sold 3,609 shares of common stock on February 20, 2025, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On February 20, 2025, James Blackie, the Chief Revenue Officer of ON24, sold 3,609 shares of the company's common stock.
• The sale was executed at a weighted average price of $6.3771 per share, with individual transactions ranging from $6.28 to $6.58.
• The purpose of the sale was to cover tax withholding obligations associated with the vesting of restricted stock units.
• Following the transaction, Blackie directly owns 405,910 shares of ON24 common stock.
• The sale was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on August 29, 2024.

Sentiment

Score: 6

Explanation: The document is neutral in sentiment. It simply reports a stock sale by an executive for tax purposes, which is a routine transaction.

Industry Context

This is a routine Form 4 filing, indicating an insider transaction. It's common for executives to sell shares to cover tax obligations related to equity compensation. The use of a 10b5-1 trading plan suggests the executive planned these sales in advance to avoid accusations of insider trading.

Stakeholder Impact

• The sale of shares by an executive could have a minor negative impact on shareholder sentiment, but the effect is likely to be minimal since the sale was for tax purposes and executed under a pre-arranged trading plan.

Key Dates

Keywords

ON24, James Blackie, stock sale, Form 4, insider trading, Rule 10b5-1, tax obligations, restricted stock units, ONTF