Form 4: OneStream CFO Executes Stock Option and Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
OneStream's Chief Financial Officer, William A. Koefoed, exercised stock options and sold shares of Class A Common Stock under a pre-arranged 10b5-1 trading plan.
Summary
- William A. Koefoed, the Chief Financial Officer of OneStream, Inc., executed a transaction involving the company's Class A Common Stock on January 15, 2025.
- Mr. Koefoed exercised stock options to acquire 10,000 shares at a price of $10.65 per share.
- Simultaneously, he sold 10,000 shares of Class A Common Stock at a price of $26.57 per share.
- These transactions were conducted under a pre-arranged Rule 10b5-1 trading plan adopted on July 23, 2024, and amended on September 9, 2024.
- Following these transactions, Mr. Koefoed directly owns 255,481 stock options.
Sentiment
Score: 7
Explanation: The document reflects standard insider trading activity under a pre-arranged plan, which is neutral to slightly positive as it demonstrates compliance and planned financial management.
Industry Context
The use of 10b5-1 trading plans is a common practice for corporate insiders to manage their stock transactions while avoiding accusations of insider trading. This filing indicates that the CFO is managing his personal financial affairs in a compliant manner.
Comparison to Industry Standards
- The use of Rule 10b5-1 trading plans is a standard practice among executives at publicly traded companies to manage their stock transactions.
- The vesting schedule of the stock options is typical for executive compensation packages, with a portion vesting initially and the remainder vesting over time.
- The sale of shares after exercising options is a common practice for executives to realize the value of their equity compensation.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are part of a pre-arranged trading plan and do not indicate any change in the company's fundamentals.
Key Dates
| Date | Description |
|---|---|
| 07/23/2024 | Date the Rule 10b5-1 trading plan was adopted by the Reporting Person. |
| 09/09/2024 | Date the Rule 10b5-1 trading plan was amended by the Reporting Person. |
| 01/15/2025 | Date of the stock option exercise and sale of shares. |
| 01/17/2025 | Date the SEC Form 4 was signed. |
| 02/15/2023 | Date when one-fourth of the stock options vested. |
| 12/04/2031 | Expiration date of the stock options. |
Keywords
OneStream, stock options, Rule 10b5-1, insider trading, Class A Common Stock, CFO, William A. Koefoed, SEC Form 4
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