On March 20, 2026, Jayesh Sahasi, who serves as EV President, Product and Chief Technology Officer at ON24 Inc. (NASDAQ: ONTF), executed sales totaling 3,662 shares of the company's common stock. The transactions yielded a combined value of $29,536, reflecting a weighted average sale price of $8.0656 per share.
The share disposals were carried out across multiple trades, with individual prices ranging from $8.06 to $8.075. According to the reported terms, these trades were made under a previously arranged Rule 10b5-1 trading plan that Sahasi adopted on March 4, 2025. The filings indicate the disposition of shares was intended to cover tax withholding obligations arising from the vesting of restricted stock units.
After completing the March 20 transactions, Sahasi is reported to directly own 677,132 shares of ON24. At the time of the sale, ON24's share price was trading close to its 52-week high of $8.10, following a robust six-month advance of 36%.
Separately, ON24 has secured an agreement to be acquired by Cvent in an all-cash transaction valued at approximately $400 million. Under the terms of the definitive agreement, ON24 shareholders are to receive $8.10 in cash for each share they hold. That per-share consideration was described as representing a 62% premium to the company’s closing share price on November 10, 2025, and a 51% premium to its 90-day volume-weighted average price.
The merger announcement has prompted additional company disclosures. ON24 provided supplemental information related to the proposed transaction after shareholders filed lawsuits alleging omissions in the company's definitive proxy statement. Those legal actions were filed in the Supreme Court of New York, New York County. The record also notes that demand letters and draft complaints raising analogous disclosure concerns were delivered.
While the disclosures and litigation highlight ongoing procedural and legal issues surrounding the transaction, the agreement with Cvent represents a consequential change in ownership for ON24. The company and its shareholders are proceeding through the merger process under the terms of the definitive agreement between the two parties. These developments have drawn attention from investors and market watchers tracking both insider activity and the proposed acquisition.