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

James Blackie, Chief Revenue Officer of ON24, sold 3,283 shares of common stock on May 20, 2025, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On May 20, 2025, James Blackie, the Chief Revenue Officer of ON24, sold 3,283 shares of the company's common stock.
• The sale was executed at a weighted average price of $5.4442 per share.
• The shares were sold to cover tax withholding obligations associated with the vesting of restricted stock units.
• The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on August 29, 2024.
• Following the transaction, Blackie directly owns 516,481 shares of ON24.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (stock sale for tax obligations) by an executive, which is neither particularly positive nor negative.

Industry Context

Sales of shares to cover tax obligations are a routine part of executive compensation and are not necessarily indicative of the company's performance or future prospects.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholders due to the slight dilution of shares.

Key Dates

Keywords

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