Blackie James 4

What Happened
Blackie James, Chief Revenue Officer of ON24 (ONTF), had a series of transactions on April 1, 2026 tied to the company’s merger. The Form 4 shows an award/acquisition of 59,029 shares (reported at $0.00) and dispositions to the issuer totaling 1,051,435 shares (various equity and derivative holdings). Under the merger, each ON24 share was cancelled for $8.10 in cash; using that price, the surrendered 1,051,435 shares imply gross consideration of roughly $8.52 million. Note: options were converted into cash equal to $8.10 minus the option exercise price, so actual cash received for option-derived amounts may be lower.

Key Details

• Transaction date: April 1, 2026 (reported on Form 4 filed Apr 2, 2026).
• Dispositions to issuer: 1,051,435 total shares (includes multiple derivative cancellations); Award/Acquisition: 59,029 shares reported at $0.00.
• Implied value (if treated at $8.10/share): ≈ $8.52M for the 1,051,435 surrendered shares; actual proceeds for options depend on each option’s strike.
• Shares owned after transaction: not specified in the data provided on this filing.
• Footnotes: Transactions occurred pursuant to the Merger Agreement—each outstanding common share was cancelled for $8.10 cash; outstanding RSUs received similar cash treatment (unvested RSUs remain subject to time-based vesting); outstanding options were converted to cash equal to $8.10 minus exercise price.
• Filing timeliness: filing date corresponds to the merger effective date and appears to be a routine Form 4 reporting these merger-related conversions (no late filing indicator provided).

Context
These actions are merger-driven conversions/cancellations rather than open-market buys or voluntary insider sales. For retail investors: purchases by insiders are typically more informative as bullish signals; this filing primarily documents the contractual cash-out of equity and derivative awards under the acquisition terms. For option-derived amounts, the cash paid depends on the option strike (per footnote), so the Form 4 does not necessarily show the same per-share cash for every disposed instrument.