IRWIN FEDERMAN - 09 Jun 2023 Form 4 Insider Report for ON24 INC. (ONTF)

Role: Director
Signature: /s/ FEDERMAN IRWIN by Charles Rogerson, as Attorney-in-Fact
Issuer symbol: ONTF
Transactions as of: 09 Jun 2023
Net transactions value: $0
Form type: 4
Filing time: 09 Jun 2023, 17:40:19 UTC
Previous filing: 13 Jun 2022
Next filing: 27 Jun 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	ONTF	Common Stock						16,900	09 Jun 2023	Direct	F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	ONTF	Stock Options (Right to buy)						110,834	09 Jun 2023	Common Stock	110,834	$10.09	Direct	F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The Reporting Person is voluntarily restating his holdings in light of the $1.09 special dividend declared on May 8, 2023, payable on or about June 15,2023, to stockholders of record as of the close of business on May 22, 2023. Pursuant to antidilution provisions, the previously awarded restricted stock units ("RSUs") with 14,586 shares outstanding were automatically adjusted to represent RSUs to acquire 16,900 shares, as reflected herein. There were no other changes to the RSUs.
F2	100% of the RSUs will vest on June 10, 2023.
F3	Pursuant to antidilution provisions, the exercise price of $11.18 per share of the previously awarded options were automatically adjusted to $10.09 per share, as reflected herein. There were no other changes to the options.
F4	The options vested with respect to 1/48th of such shares on November 12, 2020, with 1/48th of such shares vesting thereafter at the end of each full month of continuous service until fully vested.