Form 4: OneStream Director Michael Burkland Sells Shares After Public Offering

Director Michael Burkland sold 9,541 shares of OneStream Class A Common Stock at $31 per share following the company's recent public offering.

Summary

• Michael Burkland, a director at OneStream, Inc., engaged in several transactions involving the company's stock.
• On November 25, 2024, Burkland converted 9,541 shares of Class D Common Stock into 9,541 shares of Class A Common Stock.
• Also on November 25, 2024, Burkland redeemed 9,541 Common Units of OneStream Software LLC, which resulted in the cancellation of 9,541 shares of Class C Common Stock and the acquisition of 9,541 shares of Class D Common Stock.
• On November 27, 2024, Burkland sold 9,541 shares of Class A Common Stock at a price of $31 per share, netting $29.9925 per share after underwriting discounts and commissions.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing insider transactions, which is neutral in sentiment. It reflects routine activity following a public offering.

Industry Context

This transaction is a routine disclosure of insider trading activity following a public offering, which is common in the financial industry.

Comparison to Industry Standards

• The sale of shares by a director after a public offering is a common practice, often related to lock-up periods and diversification strategies.
• Similar transactions can be observed in other companies following their IPOs or follow-on offerings, such as the recent sales by insiders at Snowflake and Datadog after their respective public offerings.

Stakeholder Impact

• The sale of shares by a director may have a minor impact on shareholder sentiment, but is generally considered a normal part of the post-offering process.

Key Dates

Keywords

OneStream, Michael Burkland, Class A Common Stock, Class D Common Stock, Share Sale, Director, Public Offering, SEC Form 4, Common Units