Form 4: OneStream CFO William Koefoed Executes Stock Transactions Under 10b5-1 Plan

OneStream's Chief Financial Officer, William Koefoed, executed multiple stock transactions, including option exercises and sales, under a pre-arranged 10b5-1 trading plan.

Summary

• William Koefoed, the Chief Financial Officer of OneStream, Inc., engaged in several transactions involving the company's Class A Common Stock on December 13, 2024.
• These transactions included the acquisition of 13,765 shares through the exercise of stock options at a price of $10.65 per share.
• Koefoed also sold 7,569 shares at a weighted average price of $29.57 and 6,196 shares at a weighted average price of $30.52.
• The sales were executed under a Rule 10b5-1 trading plan adopted on July 23, 2024, and amended on September 9, 2024.
• Additionally, Koefoed exercised options for 10,000 shares that vest over time from February 15, 2023, and 3,765 shares that vest over time from February 15, 2024.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The transactions are part of a pre-planned trading strategy, which is normal. However, the sale of shares could be perceived negatively by some investors.

Positives

• The exercise of stock options indicates confidence in the company's future prospects by the CFO.
• The 10b5-1 trading plan allows for planned and transparent stock transactions.

Negatives

• The sale of shares by the CFO, even under a 10b5-1 plan, could be interpreted negatively by some investors.

Risks

• The market may react negatively to insider selling, even if it is part of a pre-planned strategy.
• Fluctuations in the stock price could impact the value of the remaining shares and options held by the CFO.

Industry Context

This type of transaction is common for executives who receive stock options as part of their compensation. The use of a 10b5-1 plan is a standard practice to avoid accusations of insider trading.

Comparison to Industry Standards

• The use of 10b5-1 trading plans is a common practice among executives at publicly traded companies, such as those at Workday, Salesforce, and Oracle, to manage their stock transactions.
• The vesting schedules for stock options, such as the ones described in the document, are also typical in the tech industry, often with a four-year vesting period and monthly vesting after the first year.

Stakeholder Impact

• Shareholders may react to the insider selling, although it is part of a pre-planned strategy.
• Employees may view the stock transactions as a normal part of executive compensation.

Key Dates

Keywords

OneStream, William Koefoed, stock options, insider trading, 10b5-1 plan, Class A Common Stock, SEC Form 4, CFO, stock sale