Hohenstein Ken 4

What Happened

• Ken Hohenstein, Chief Revenue Officer of OneStream, exercised stock options to acquire 60,000 shares (20,000 @ $10.65 = $213,000; 40,000 @ $14.51 = $580,400) on Feb 17, 2026. The same day he sold 60,000 shares in an open-market transaction at $23.46 per share for proceeds of $1,407,600. The Form 4 also reports three derivative disposals (totaling 60,000 shares) shown at $0.00, consistent with option conversions/surrenders or withholding related to the exercises.

Key Details

• Transaction date: Feb 17, 2026.
• Exercise details: 20,000 shares @ $10.65 (acquired, $213,000); 40,000 shares @ $14.51 (acquired, $580,400). (Transaction code M = option exercise/conversion.)
• Sale: 60,000 shares sold @ $23.46, proceeds $1,407,600. (Transaction code S = open-market sale.)
• Additional disposals: three derivative disposals at $0.00 totaling 60,000 shares (reported as M in the filing).
• Net effect on beneficial ownership: no net increase (60,000 shares acquired and 60,000 shares sold/surrendered).
• Notable footnotes: sales effected under a Rule 10b5-1 trading plan adopted Aug 22, 2025 (F2); reported holdings include shares held by the Hohenstein Purple Elephant Trust (F3) and include unvested restricted stock units (F1). Vesting schedules for related options are noted in F4–F6.
• Filing timeliness: Reported period 2026-02-17, filed 2026-02-19 — filed within the typical Form 4 reporting window.

Context

• This was an exercise of options followed by same-day market sales. Such transactions can be routine (e.g., exercising options and selling shares to cover exercise costs or taxes) and were executed under a pre-established 10b5-1 plan. The filing shows no clear change in overall ownership from these transactions.