Sharan Sharat 4
4 · ON24 INC. · Filed Mar 24, 2026
Research Summary
AI-generated summary of this filing
ON24 (ONTF) CEO Sharan Sharat Sells 17,171 Shares
What Happened
Sharan Sharat, CEO of ON24 (ticker ONTF), sold 17,171 shares on March 20, 2026 in an open-market/private sale. The shares were sold at a weighted average price of $8.07 per share (range $8.06–$8.075), for total proceeds of approximately $138,494. This was a sale (not a purchase) and, per the filing, the shares were disposed to cover tax withholding obligations related to the vesting of restricted stock units.
Key Details
- Transaction date: March 20, 2026
- Price: weighted average $8.07; individual sales ranged $8.06–$8.075 (see footnote F3)
- Shares sold: 17,171; proceeds ≈ $138,494
- Shares owned after transaction: not provided in the excerpt of this filing
- Footnotes of note:
- F1: Sale was effected under a Rule 10b5-1 trading plan adopted May 14, 2025.
- F2: The shares sold represent shares withheld to cover tax withholding for vested RSUs.
- F3: Reported price is a weighted average; reporting person will provide per-price details on request.
- Filing timeliness: Reported on March 24, 2026 for a March 20 transaction — filed within the normal two business-day window (timely).
Context
This sale was executed under a pre-established 10b5-1 plan and was used to satisfy tax withholding on vested RSUs, which are common administrative sales by insiders. Such routine tax-covering dispositions do not necessarily indicate a change in the insider’s view of the company. Retail investors often view purchases as stronger signals of insider conviction; sales like this are frequently procedural.
Insider Transaction Report
- Sale
Common Stock
[F1][F2][F3]2026-03-20$8.07/sh−17,171$138,494→ 3,718,512 total
Footnotes (3)
- [F1]The transaction reported in this Form 4 was effected pursuant to a Rule 10B5-1 trading plan adopted by the reporting person on May 14, 2025.
- [F2]Represents the number of shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock units.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $8.06 to $8.075 inclusive. The reporting person undertakes to provide to Issuer, any security holder of Issuer, or the staff of the Security and Exchange Commission, upon request, full information regarding the number of shares sold in each separate price within the ranges set forth in footnote (3) to this Form 4.