Form 4: OneStream Director Jonathan Mariner Sells Common Units Following IPO

Director Jonathan Mariner sold Common Units of OneStream, Inc. for $18.85 per unit following the company's initial public offering.

Summary

• On July 25, 2024, Jonathan Mariner, a director of OneStream, Inc., sold Common Units of OneStream Software LLC for $18.85 per unit.
• The sales were related to OneStream's initial public offering (IPO) where a portion of the IPO proceeds was used to purchase Common Units from pre-IPO equity holders.
• Mariner sold 33,744 Common Units directly and 46,079 Common Units indirectly through the Mariner Family Equity Trust.
• For each Common Unit sold, Mariner forfeited one share of Class C Common Stock, which was canceled.
• Following the transactions, Mariner directly owns 291,489 Common Units and indirectly owns 0 Common Units through the Mariner Family Equity Trust.
• The Common Units can be redeemed for Class D Common Stock on a 1:1 basis, which can then be converted into Class A Common Stock.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing detailing insider transactions. It doesn't convey strong positive or negative sentiment, but rather reports factual information related to pre-planned transactions following the IPO.

Future Outlook

The Common Units may be redeemed for shares of Class D Common Stock on a 1:1 basis, and a corresponding number of shares of Class C Common Stock will be forfeited in connection with the redemption. The Class D Common Stock is in turn convertible at any time, at the holder's election, into Class A Common Stock on a 1:1 basis. Each outstanding share of Class D Common Stock will automatically convert into one share of Class A Common Stock on the first trading day following the seventh anniversary of the Issuer's initial public offering.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions following OneStream's IPO. It reflects the planned buyback of Common Units from pre-IPO equity holders as part of the IPO process, which is a common practice.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it is part of the planned IPO process.
• The forfeiture of Class C Common Stock has no material impact on stakeholders.

Key Dates