Sharan Sharat 4

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.