Sharan Sharat 4
Research Summary
AI-generated summary
ON24 CEO Sharan Sharat Sells Shares, Receives Award
What Happened Sharan Sharat, CEO of ON24, had a 5,326-share award reported on 2026-02-06 (acquired at $0.00, consistent with RSU vesting) and on 2026-02-10 disposed of 2,310 shares in an open-market sale. The sale generated approximately $18,322 at a weighted average price of $7.93 per share.
Key Details
- Transaction dates: Award/vest 2026-02-06; sale executed 2026-02-10.
- Award: 5,326 shares acquired at $0.00 (reported as an award/vesting).
- Sale: 2,310 shares sold; weighted avg price $7.93; total proceeds ≈ $18,322; reported per-share range $7.92–$7.96.
- Footnote F2: Shares sold to cover tax withholding obligations related to RSU vesting.
- Footnote F1: Sale was effected under a Rule 10b5‑1 trading plan adopted May 14, 2025.
- Footnote F3: Weighted-average price reported; reporting person can provide a breakdown of individual trade prices within the stated range on request.
- Shares owned after the transactions are not specified in the provided filing. Filing date: Form 4 filed 2026-02-10 reporting the 2026-02-06 period.
Context This is a routine RSU vest plus a withholding sale to cover taxes, executed under a pre-established 10b5‑1 plan. Such administrative sales are common and do not necessarily indicate a change in the insider’s view of the company; outright purchases tend to be more informative for investor sentiment.