Blackie James 4
Research Summary
AI-generated summary
ON24 (ONTF) CRO Blackie James Sells 240 Shares, Receives 551 Award
What Happened Blackie James, Chief Revenue Officer of ON24 (ONTF), had two transactions reported. On Feb 6, 2026 he was reported to have acquired 551 shares (award/grant) at $0.00. On Feb 10, 2026 he disposed of 240 shares in an open‑market sale at a weighted average price of $7.93, generating proceeds of approximately $1,904. The sale was used to cover tax withholding obligations associated with the vesting award (see footnote).
Key Details
- Transaction dates: Award on 2026-02-06; Sale on 2026-02-10. Filing date: 2026-02-10. No late filing is indicated in the excerpt.
- Award: 551 shares reported acquired at $0.00 (likely related to an equity award/vesting).
- Sale: 240 shares sold, weighted average price $7.93, total proceeds ≈ $1,904. Reported sale prices ranged $7.92–$7.96 (footnote).
- Reason for sale: Footnote indicates shares sold to cover tax withholding on the vesting award (F2).
- Trading plan: Sale was effected under a pre-established Rule 10b5‑1 trading plan adopted Aug 29, 2024 (F1).
- Shares owned after the transactions: Not reported in the provided filing excerpt.
Context The award (reported at $0) and the subsequent small, mechanistic sale to cover taxes are common for vested restricted stock units and do not necessarily indicate a discretionary sell decision about company prospects. The 10b5‑1 plan note (F1) shows the sale was executed under a preset plan; the weighted‑average price disclosure (F3) covers multiple executions within a narrow range.