SCHEDULE: Sharat Sharan Exits ON24 Following Acquisition

Former ON24 executive Sharat Sharan reports zero beneficial ownership of company stock following the completion of the merger with Cvent Atlanta, LLC.

Summary

• Sharat Sharan filed an amendment to his Schedule 13G indicating he no longer holds any beneficial ownership in ON24, Inc.
• The change in ownership status follows the completion of the merger between ON24 and Cvent Atlanta, LLC on April 1, 2026.
• Under the terms of the merger, all outstanding shares of ON24 common stock were canceled and converted into the right to receive $8.10 per share in cash.
• The reporting person previously held approximately 10% of the issuer's common stock prior to the merger.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative filing confirming the completion of a previously announced corporate transaction.

Positives

• The merger provides liquidity to shareholders at a fixed cash price of $8.10 per share.

Negatives

• The company is no longer a publicly traded entity as it has become a wholly owned subsidiary of Cvent Atlanta, LLC.

Risks

• The issuer has ceased to be an independent public company, eliminating future investment opportunities in the stock.

Future Outlook

The company is now a wholly owned subsidiary of Cvent Atlanta, LLC, and no further public guidance or forward-looking statements are expected from the issuer as a standalone entity.

Industry Context

StockSavvy.ai notes that this filing marks the formal conclusion of ON24's tenure as a public company, reflecting ongoing consolidation trends within the enterprise software and webinar platform sectors.

Comparison to Industry Standards

• The acquisition by Cvent aligns with broader industry trends of private equity or strategic consolidation of niche SaaS platforms.
• The $8.10 cash-out price represents the final valuation point for public market participants.

Stakeholder Impact

• Shareholders have received cash consideration for their holdings.
• The company is now a private subsidiary, changing the reporting requirements for stakeholders.

Next Steps

• None; the company has been acquired and is no longer a public reporting entity.

Key Dates

Keywords

ON24, Merger, Cvent, Acquisition, Schedule 13G, Sharat Sharan, Takeover