Sharan Sharat 4
4 · ON24 INC. · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
ON24 CEO Sharan Sharat Receives Award, Sells Shares
What Happened Sharan Sharat, CEO of ON24, received an award of 125,787 shares (likely restricted stock units) on Feb 26, 2026 (reported as acquired at $0). A portion of those shares — 15,679 — were sold on Mar 2, 2026 in an open-market transaction at a weighted average price of $8.01, generating proceeds of $125,611. The sale was executed to satisfy tax withholding obligations tied to the vesting of the award.
Key Details
- Transaction dates: Award granted 2026-02-26 (125,787 shares @ $0.00); Sale on 2026-03-02 (15,679 shares disposed, weighted avg price $8.01, proceeds $125,611).
- Sale price range: trades occurred between $8.00 and $8.02; weighted average reported as $8.01.
- Reason for sale: to cover tax withholding on vesting (tax-withholding sale).
- Trading plan: Sale effected pursuant to a Rule 10b5-1 trading plan adopted May 14, 2025 (footnote F1).
- Footnote on sale detail: reporting person can provide per-trade price breakdown within the $8.00–$8.02 range on request (footnote F3).
- Shares owned after transaction: not disclosed in the provided filing excerpt.
- Filing timeliness: Form 4 filed Mar 2, 2026; no late filing indicated in the report.
Context Sales that are expressly to cover tax-withholding on vested awards are common and routine and do not necessarily signal personal bullish or bearish views. The award at $0 indicates shares were issued on vesting (typical for RSUs); the partial sale was a cashless/tax-withholding action rather than an independent investment decision.
Insider Transaction Report
- Award
Common Stock
2026-02-26+125,787→ 3,751,362 total - Sale
Common Stock
[F1][F2][F3]2026-03-02$8.01/sh−15,679$125,611→ 3,735,683 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 $8.00 to $8.02 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.