MicroVision MOVIA lidar gains support on NVIDIA DRIVE AGX platform
In a recent transaction, Blackie James, the Chief Revenue Officer of ON24 Inc. (NYSE:ONTF), sold shares amounting to $23,014. This sale was executed on February 20, 2025, as part of a Rule 10b5-1 trading plan that James adopted on August 29, 2024. The shares were sold at a weighted average price of $6.3771, with individual transaction prices ranging from $6.28 to $6.58. The transaction comes as ON24’s stock has experienced an 11.6% decline over the past week, according to InvestingPro data, though analysis suggests the stock is currently undervalued.
The sale involved 3,609 shares of ON24 common stock, leaving James with a total of 405,910 shares following the transaction. According to the filing, the sale was conducted to cover tax withholding obligations related to the vesting of restricted stock units. With the company’s strong balance sheet showing more cash than debt and its next earnings report due in just three days, investors seeking deeper insights can access comprehensive analysis and additional ProTips through InvestingPro’s detailed research reports.
In other recent news, ON24 Inc. announced a forthcoming change in its board of directors. Irwin Federman, a board member since March 2000, has decided not to stand for reelection at the 2025 Annual Meeting of Stockholders. According to a filing with the Securities and Exchange Commission, Mr. Federman’s decision is not due to any disagreements with the company’s management or board. His departure will lead to a reduction in the board’s size from nine directors to eight. This strategic resizing of the board is set to take effect upon the annual meeting. The reasons for this reduction were not specified in the company’s announcement. Mr. Federman will continue in his role until the next annual meeting to ensure a smooth transition. These developments are based on recent filings and do not include any speculative analysis.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.