On24’s EVP Jayesh Sahasi sells $21,140 in common stock

SAN FRANCISCO—Jayesh Sahasi, Executive Vice President of Product and Chief Technology Officer at ON24 Inc. (NYSE:ONTF), a $256 million market cap company currently trading near its 52-week low, recently sold a portion of his holdings in the company, according to a regulatory filing with the Securities and Exchange Commission. The transaction, executed on February 20, 2025, involved the sale of 3,315 shares of ON24 common stock at a weighted average price of $6.38 per share, totaling approximately $21,140.

The sale was conducted under a pre-arranged Rule 10b5-1 trading plan, which Sahasi had adopted on August 29, 2024. This plan allows insiders to set up a predetermined schedule for selling stocks to avoid potential conflicts of interest. The shares were sold in multiple transactions at prices ranging from $6.28 to $6.58, as noted in the filing.

Following this transaction, Sahasi’s direct ownership in the company stands at 691,970 shares. The sale was primarily to cover tax withholding obligations related to the vesting of restricted stock units.

ON24, a provider of cloud-based digital experience platforms, continues to navigate the competitive landscape of prepackaged software services.

In other recent news, ON24 Inc. announced that Irwin Federman, a long-standing member of its board of directors, will not seek reelection at the 2025 Annual Meeting of Stockholders. Mr. Federman has been with the board since March 2000, and his decision to step down was disclosed in a filing with the Securities and Exchange Commission. The company clarified that his departure is not due to any disagreements with management or the board. Following Mr. Federman’s announcement, ON24 Inc. plans to reduce its board size from nine to eight members, effective at the next annual meeting. This adjustment in board composition indicates a strategic change, though the company has not provided specific reasons for this decision. The transition period will last until the annual meeting, allowing the company time to adjust to the new board structure.

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