Vattuone Steven 4

What Happened

• Steven Vattuone, Chief Financial Officer of ON24 Inc., had a large disposition of common stock as part of the company's merger closing on April 1, 2026. The Form 4 shows 511,936 shares of common stock were disposed to the issuer and converted to cash under the merger, generating roughly $4,146,681.60 (511,936 × $8.10).
• The filing also records an acquisition (award) of 79,935 shares at $0.00 and two derivative dispositions of 90,982 and 9,018 shares at $0.00. These entries reflect conversion/cancellation of equity awards and options as part of the Merger Agreement, not open-market trades.

Key Details

• Transaction date: April 1, 2026; Form 4 filed April 2, 2026 (timely).
• Cash consideration for common stock: $8.10 per share under the Merger Agreement.
• Cash realized from the 511,936 common-share conversion: approximately $4,146,681.60.
• Derivative dispositions (90,982 and 9,018) show $0.00 cash in the filing; per the Merger Agreement, options were converted into a cash amount equal to $8.10 less the option exercise price (zero if not in-the-money).
• The 79,935-share acquisition is recorded at $0.00; footnote indicates RSUs received similar merger treatment and unvested RSUs may remain subject to vesting conditions.
• Shares owned after the transactions are not specified in the Form 4.

Context

• These were merger-driven conversions/cancellations — dispositions to the issuer — not voluntary open-market sales. That means the activity reflects the deal mechanics (cash-out at $8.10/share and option/RSU treatment) rather than a trading decision by the insider.
• For options showing $0.00 cash, the merger formula can produce no payout when the exercise price is equal to or exceeds the merger price.