Form 4: OneStream Chief Revenue Officer Sells Shares to Cover Tax Obligations

OneStream, Inc.'s Chief Revenue Officer, Ken Hohenstein, sold 6,280 shares of Class A Common Stock for $28.23 per share to satisfy statutory tax withholding obligations related to restricted stock unit vesting.

Summary

• Ken Hohenstein, Chief Revenue Officer of OneStream, Inc. (OS), reported a sale of 6,280 shares of Class A Common Stock.
• The transaction occurred on June 11, 2025, with shares sold at a price of $28.23 per share.
• The sale was explicitly stated as a 'sell to cover' transaction, mandated by the Issuer's equity incentive plan to satisfy statutory tax withholding obligations in connection with the vesting of restricted stock units.
• This sale does not represent a discretionary sale by Mr. Hohenstein.
• Following the transaction, Mr. Hohenstein directly beneficially owns 1,003,163 shares of Class A Common Stock, which includes unvested restricted stock units.
• Additionally, Mr. Hohenstein indirectly beneficially owns 790,279 shares of Class A Common Stock through the Hohenstein Purple Elephant 2019 Irrevocable Grantor Trust.

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary 'sell to cover' sale for tax purposes, which is a neutral event and does not indicate a change in the executive's sentiment towards the company or its future prospects.

Positives

• The transaction is a non-discretionary 'sell to cover' sale, indicating it was not driven by a lack of confidence in the company by the executive.
• The underlying event, the vesting of restricted stock units, represents a form of compensation for the executive, which is generally a positive for executive retention and alignment with shareholder interests.

Future Outlook

NA

Management Comments

• The sale represents the number of shares required to be sold to cover the statutory tax withholding obligations in connection with the vesting of restricted stock units.
• This sale is mandated by the Issuer's election under its equity incentive plan to require the satisfaction of statutory tax withholding obligations in connection with the vesting of restricted stock units to be funded by a 'sell to cover' transaction and does not represent a discretionary sale by the Reporting Person.

Industry Context

This Form 4 filing details an insider transaction specific to OneStream, Inc. and does not provide information relevant to broader industry trends or competitive analysis.

Related Party Transactions

• Indirect beneficial ownership of 790,279 shares of Class A Common Stock by the Hohenstein Purple Elephant 2019 Irrevocable Grantor Trust, over which the Reporting Person may be deemed to have voting and dispositive power.

Stakeholder Impact

• Minimal impact on shareholders as the transaction is a routine, non-discretionary sale for tax purposes and does not signal a change in executive confidence or company fundamentals. It is a standard part of executive equity compensation.

Key Dates

Keywords

OneStream, OS, Form 4, Insider Trading, Executive Compensation, Stock Sale, Restricted Stock Units, Tax Withholding, Ken Hohenstein, Chief Revenue Officer