Form 4: OneStream Director Kara Wilson Sells Common Units in Post-IPO Transaction

Director Kara Wilson sold Common Units of OneStream Software LLC for $18.85 each following the company's initial public offering.

Summary

• On July 25, 2024, Kara Wilson, a director of OneStream, Inc., sold 79,823 Common Units of OneStream Software LLC for $18.85 per unit.
• This transaction occurred following OneStream's initial public offering, where the company used a portion of the IPO proceeds to purchase Common Units from pre-IPO equityholders.
• For each Common Unit sold, Wilson also forfeited one share of Class C Common Stock, which was canceled without consideration.
• Wilson now beneficially owns 337,568 shares of Class D Common Stock.
• The Common Units are redeemable for Class D Common Stock on a 1:1 basis, with a corresponding forfeiture of Class C Common Stock.
• The Class D Common Stock is convertible into Class A Common Stock on a 1:1 basis and will automatically convert on the seventh anniversary of the IPO.

Sentiment

Score: 5

Explanation: The document describes a routine transaction following an IPO, indicating a neutral sentiment.

Future Outlook

The Class D Common Stock will automatically convert into Class A Common Stock on the first trading day following the seventh anniversary of the Issuer's initial public offering.

Industry Context

Following an IPO, it's common for pre-IPO shareholders and insiders to adjust their holdings, which can create short-term volatility but is a normal part of the market cycle.

Stakeholder Impact

• The sale of Common Units by a director could have a minor impact on shareholder sentiment, but is unlikely to significantly affect the company's operations or financial performance.

Key Dates