OneStream's Chief Revenue Officer sold 120,000 shares for a total transaction value of $2,835,600 on Jan. 16, 2026.
The company plans to go private in the first half of 2026, but there are current investigations surrounding the deal.
On Jan. 16, 2026, Ken Hohenstein, Chief Revenue Officer of OneStream (NASDAQ:OS), exercised 120,000 stock options and immediately sold the resulting shares in an open-market transaction valued at approximately $2.8 million, according to a SEC Form 4 filing.
| Metric | Value |
|---|---|
| Shares sold (direct) | 120,000 |
| Transaction value | ~$2.8 million |
| Post-transaction shares (direct) | 990,961 |
| Post-transaction value (direct ownership) | ~$23.4 million |
Transaction and post-transaction values based on SEC Form 4 weighted average purchase price of $23.63, which was the same as the closing price on Jan. 16, 2026.
| Metric | Value |
|---|---|
| Price (as of Jan. 31, 2026) | $23.61 |
| Market capitalization | $5.79 billion |
| Revenue (TTM) | $570.68 million |
| Net income (TTM) | -$82.75 million |
OneStream is a cloud software company, provides cloud solutions within the financial sector, which can automate and manage financial processes for clients. Its customer base includes enterprises, financial professionals, business executives, and government entities.
The shares exercised and sold were part of a Rule 10b5-1 plan, in which the sale was scheduled in advance, so this wasn’t a discretionary sale conducted on the 16th.
The filing also mentioned that Hohenstein had 790,279 shares indirectly held by his trust, the Hohenstein Purple Elephant Trust. The shares are currently worth approximately $18.66 million as of Jan. 31.
Investors should be aware that OneStream is set to go private sometime in the first half of 2026, following its acquisition by private equity firm Hg Capital.
The deal was announced in early January, and the sale comes just 17 months after OneStream went public. However, there are current investigations surrounding the acquisition, with concerns about fairness and breaches of fiduciary duties related to the transaction. Investors may want to proceed with caution if interested in investing in OS.
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Adé Hennis has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.