Form 4: OneStream Chief Revenue Officer Ken Hohenstein Executes Stock Option and Sells Shares
SEC Form 4 Filing
Ken Hohenstein, Chief Revenue Officer of OneStream, exercised stock options and sold 20,000 shares of Class A Common Stock on May 19, 2025, according to a Form 4 filing with the SEC.
Summary
- On May 19, 2025, Ken Hohenstein, the Chief Revenue Officer of OneStream, Inc., executed a stock option to purchase 20,000 shares of Class A Common Stock at a price of $10.65 per share.
- Simultaneously, Hohenstein sold 20,000 shares of Class A Common Stock at a price of $27.67 per share.
- These sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on November 13, 2024.
- Following these transactions, Hohenstein directly owns 1,009,443 shares of Class A Common Stock, which includes unvested restricted stock units.
- Hohenstein also indirectly owns 790,279 shares through the Hohenstein Purple Elephant 2019 Irrevocable Grantor Trust.
- He also holds options to purchase 278,508 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a neutral filing. It simply reports the execution of a pre-planned stock sale by an executive. It doesn't inherently indicate positive or negative sentiment about the company's future.
Industry Context
Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. Investors monitor these filings to gain insights into management's perspective on the company's stock and future prospects.
Comparison to Industry Standards
- Comparing Hohenstein's transactions to those of executives at similar software companies would provide context.
- For example, monitoring Form 4 filings of CFOs at companies like Anaplan or BlackLine could reveal trends in executive compensation and stock ownership.
- Analyzing the frequency and size of insider sales relative to company performance can offer insights into management's confidence.
Stakeholder Impact
- The sale of shares by a key executive could be perceived negatively by some shareholders, although the existence of a pre-arranged trading plan mitigates this concern.
- The transactions have no immediate impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 11/13/2024 | Date the Reporting Person adopted a Rule 10b5-1 trading plan |
| 02/15/2024 | One-fourth of the shares subject to the option vested on this date. |
| 05/19/2025 | Date of stock option exercise and sale of shares. |
| 05/21/2025 | Date of Form 4 filing. |
| 03/05/2033 | Expiration date of the stock options. |
Keywords
Form 4, OneStream, Ken Hohenstein, Stock Options, Class A Common Stock, Rule 10b5-1, Insider Trading
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