Form 4: OneStream Director John Kinzer Sells 30,000 Class A Shares Following Conversion

OneStream, Inc. Director John Kinzer reported the conversion of 30,000 Class D shares into Class A shares and the subsequent sale of all 30,000 Class A shares for approximately $847,467, executed under a pre-arranged trading plan.

Summary

• John Kinzer, a Director of OneStream, Inc., reported transactions on June 20, 2025, involving the company's equity securities.
• He converted 30,000 shares of Class D Common Stock into 30,000 shares of Class A Common Stock on a 1:1 basis. This conversion was linked to the redemption of 30,000 Common Units of OneStream Software LLC and the cancellation of 30,000 shares of Class C Common Stock.
• Immediately following the conversion, Mr. Kinzer sold all 30,000 shares of Class A Common Stock acquired from the conversion.
• The sales were executed in two tranches: 28,900 shares at a weighted average price of $28.24 per share (ranging from $27.75 to $28.74), and 1,100 shares at a weighted average price of $28.81 per share (ranging from $28.785 to $28.90).
• The total proceeds from these sales amount to approximately $847,467.
• These sales were conducted pursuant to a Rule 10b5-1 trading plan adopted by Mr. Kinzer on November 22, 2024.
• Following these transactions, Mr. Kinzer beneficially owns 7,130 shares of Class A Common Stock directly (which includes unvested restricted stock units) and 330,997 shares of Class D Common Stock indirectly through the John E. Kinzer Trust.

Sentiment

Score: 4

Explanation: The sale of a significant number of shares by a director, even under a 10b5-1 plan, can be perceived negatively by the market, suggesting a potential lack of confidence or a belief that the stock is fully valued. However, the director still retains a substantial indirect holding of Class D shares.

Negatives

• The sale of a significant number of shares by a director, even under a pre-arranged plan, can be perceived by the market as a negative signal regarding the company's near-term prospects or valuation.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• The transactions involve a director of the company, John Kinzer, selling shares, which is a related party transaction in the context of SEC reporting.

Stakeholder Impact

• Shareholders may interpret the insider selling as a negative signal regarding the company's near-term prospects or valuation, potentially influencing investor sentiment and stock price.

Key Dates

Recommendation

Keywords

OneStream Inc., OS, SEC Form 4, Insider Trading, Stock Sale, Director, Equity Transaction, Class A Common Stock, Class D Common Stock, Rule 10b5-1 Plan, Beneficial Ownership