ON24 Inc. executive Sahasi Jayesh, who serves as EV President, Product and Chief Technology Officer, reported selling 250 shares of the company's common stock on February 10, 2026, according to a Form 4 filing with the U.S. Securities and Exchange Commission.
The block of shares generated total proceeds of $1,982 and was executed at a weighted average price of $7.9314 per share. Individual sale prices ranged from $7.92 to $7.96. The filing states the transactions were conducted to satisfy tax withholding obligations arising from the vesting of restricted stock units.
Jayesh's sales were carried out pursuant to a pre-arranged Rule 10b5-1 trading plan that the executive adopted on March 4, 2025. The Form 4 filing also discloses that on February 6, 2026, Jayesh acquired 574 shares of common stock at no cash cost, recorded as $0.00 in total value.
Following the February transactions, Sahasi Jayesh directly holds 672,851 shares of ON24 common stock.
Market context in the filing notes that ON24's share price is trading close to a 52-week high of $8.10 and has appreciated by more than 64% over the past six months. That price level is notable given a separate corporate development announced by the company.
ON24 has entered into a definitive agreement to be acquired by Cvent in an all-cash transaction valued at approximately $400 million. Under the terms of the agreement, ON24 shareholders are set to receive $8.10 per share in cash. The announced per-share payment represents a 62% premium over ON24's closing share price on November 10, 2025, and a 51% premium to the company’s 90-day volume-weighted average price.
In addition to the announced acquisition, ON24 has been awarded a U.S. patent for an artificial intelligence technology that automatically identifies and extracts what the company describes as "Key Moments" from long-form video. The patented system uses machine learning to analyze data and user engagement, enabling the creation of short-form clips that can be deployed in personalized campaigns, shared on social platforms, or targeted to specific audience segments.
Taken together, the insider transaction and corporate announcements reflect a period of significant activity for ON24, encompassing executive stock management tied to RSU vesting, a pending acquisition with a defined cash consideration per share, and a newly granted patent for an AI-driven video processing capability.
Clear summary
Sahasi Jayesh sold 250 ON24 shares on February 10, 2026, for $1,982 under a Rule 10b5-1 plan to cover tax withholding on vested restricted stock units. Jayesh also received 574 shares at no cash cost on February 6, 2026, and now directly owns 672,851 shares. Separately, ON24 has agreed to be acquired by Cvent for about $400 million in cash, with shareholders to receive $8.10 per share. The company also secured a U.S. patent for AI technology that extracts "Key Moments" from long-form video.