Blackie James 4
Research Summary
AI-generated summary
ON24 (ONTF) CRO Blackie James Sells 3,117 Shares
What Happened
- Blackie James, Chief Revenue Officer of ON24 (ONTF), sold 3,117 shares on March 20, 2026 in an open‑market/private sale for total proceeds of approximately $25,140. The reported weighted‑average price was $8.07 per share (sales ranged $8.06–$8.075).
Key Details
- Transaction type: Sale (S) effected under a Rule 10b5‑1 trading plan adopted August 29, 2024 (Footnote F1).
- Date of transaction: 2026-03-20; Form 4 filed 2026-03-24 (filed within required reporting timeframe).
- Price: Weighted average $8.07; individual trades ranged $8.06–$8.075 (Footnote F3).
- Purpose: Footnote F2 indicates these shares were sold to cover tax withholding obligations related to RSU vesting.
- Shares owned after transaction: Not disclosed in the provided filing.
Context
- This sale appears routine: executed under a pre-established 10b5‑1 plan and used, at least in part, to cover tax withholding from vested restricted stock units. Such tax‑withholding sales are common and do not necessarily signal management sentiment about the company’s outlook.