Form 4: OneStream Director Jonathan Mariner Sells Shares in Public Offering After Conversion

Director Jonathan Mariner converted Class D shares to Class A shares and sold them in a public offering, also correcting an omission from a previous filing.

Summary

• Jonathan Mariner, a director at OneStream, converted 33,156 Class D common stock shares into Class A common stock on November 14, 2024.
• He also converted 5,241 Class D common stock shares into Class A common stock on the same day.
• These conversions were done on a 1:1 basis.
• On November 18, 2024, Mariner sold 33,156 Class A shares at $31 per share in a public offering.
• He also sold 5,241 Class A shares at $31 per share in the same offering.
• The net price per share after underwriting discounts and commissions was $29.9925.
• The sales were part of an underwritten public offering previously disclosed in a prospectus dated November 14, 2024.
• The filing also corrects an omission from a previous Form 4 filed on July 26, 2024, regarding indirect holdings of common units.

Sentiment

Score: 5

Explanation: The document is a routine filing related to insider transactions, with no indication of positive or negative sentiment. It reflects standard procedures following a public offering.

Industry Context

This filing is a standard SEC Form 4, which is required when company insiders trade shares. It provides transparency into the transactions of company directors and officers.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies in the United States, ensuring transparency of insider transactions.
• The conversion of Class D shares to Class A shares is a common mechanism for companies with dual-class stock structures, often preceding a public offering or sale of shares.
• The sale of shares by a director following a public offering is not unusual, as it allows insiders to realize some of the value of their holdings.

Stakeholder Impact

• The share sales by a director may have a minor impact on the share price, but the transactions were part of a previously disclosed public offering.

Key Dates

Keywords

Form 4, insider trading, share sale, public offering, Class A Common Stock, Class D Common Stock, OneStream, Jonathan Mariner, conversion, securities