Hohenstein Ken 4
Research Summary
AI-generated summary
OneStream CRO Ken Hohenstein Withholds 5,390 Shares for Taxes
What Happened
- Ken Hohenstein, Chief Revenue Officer of OneStream, had 5,390 shares withheld by the company to satisfy tax withholding obligations tied to a net settlement of restricted stock units. The withholding was recorded at $23.70 per share, a total value of about $127,743. This is a tax-withholding/net-settlement event (code F), not an open-market sale.
Key Details
- Transaction date: 2026-03-10; Form 4 filed: 2026-03-12 (timely filing).
- Shares withheld: 5,390 at $23.70 per share — total ≈ $127,743.
- Transaction code: F (shares withheld to satisfy tax obligations on RSU settlement).
- Filing notes the withholding "does not represent a sale by the Reporting Person" (Footnote F1).
- The reported shares include unvested restricted stock units (Footnote F2).
- Some shares are held in the Hohenstein Purple Elephant 2019 Irrevocable Grantor Trust; the reporting person may be deemed to have voting and dispositive power over those trust-held shares (Footnote F3).
- Shares owned after the transaction: not specified in the provided filing.
Context
- This was a routine net settlement/tax-withholding of RSUs (cashless in effect); withheld shares were used to cover tax liabilities rather than being sold on the open market, so it generally should not be interpreted as a directional trade by the insider. Purchases or open-market sales typically provide stronger signals about insider sentiment than tax withholdings.