Form 4: OneStream Director Sells Shares Following Public Offering

Michael Burkland, a director at OneStream, sold 63,608 shares of Class A Common Stock at $31 per share following the company's public offering.

Summary

• Michael Burkland, a director at OneStream, converted 63,608 shares of Class D Common Stock into Class A Common Stock on November 14, 2024.
• On November 18, 2024, Mr. Burkland sold 63,608 shares of Class A Common Stock at a price of $31 per share.
• The sale was part of an underwritten public offering, with a net price of $29.9925 per share after deducting underwriting discounts and commissions.
• The shares were held indirectly through the Burkland Family Trust, of which Mr. Burkland is the trustee.
• Prior to the sale, Mr. Burkland also redeemed 63,608 Common Units of OneStream Software LLC for Class D Common Stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction following a public offering, with no indication of positive or negative sentiment.

Industry Context

This transaction is a standard activity for directors following a company's public offering, allowing them to monetize some of their holdings.

Comparison to Industry Standards

• Director share sales following an IPO are common across the industry, with many directors selling a portion of their holdings to diversify their assets.
• The sale price of $31 per share is consistent with the public offering price, indicating a standard market transaction.
• The use of a family trust to hold shares is a common practice for estate planning and asset management among high-net-worth individuals.

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-IPO process.

Key Dates

Keywords

OneStream, Michael Burkland, Class A Common Stock, Class D Common Stock, Share Sale, Public Offering, Director, Burkland Family Trust, Common Units