OneStream’s CFO Cashes Out – How Very Predictable

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Oh, do pay attention. One hears that Mr. Ken Hohenstein, the Chief Revenue Officer at OneStream, decided to lighten his load on January 16th, 2026. A mere 120,000 stock options were exercised, and the resulting shares… dispersed. Approximately $2.8 million changed hands, naturally. One assumes a rather decent lunch followed.

A Spot of Accounting

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

The arithmetic, as always, is frightfully dull. The weighted average purchase price, apparently $23.63, coinciding rather conveniently with the closing price on the 16th. A coincidence, I’m sure.

Questions, Darling, Questions

  • How does this sale compare to Mr. Hohenstein’s historical trade sizes?
    Well, one gathers it’s a bit more robust than his usual dabbling. A median sale size of a paltry 40,000 shares? How terribly restrained.
  • What proportion of Hohenstein’s remaining capacity does this transaction represent?
    A mere 6.31% of his direct shares. Hardly a dramatic divestment, though one wonders what prompted even that much trimming.
  • Did the transaction impact indirect holdings or involve family trust entities?
    No, no. The Hohenstein Purple Elephant Trust remains undisturbed, holding a respectable 790,279 shares. One pictures a rather plush retirement for the elephant, naturally.

The Company, Briefly

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

A Snapshot, If You Must

OneStream, it seems, offers cloud solutions for the financial sector. Automating and managing processes, and all that. Clients include enterprises, professionals, executives, and, one assumes, governments with rather large expense accounts.

What It Means, If Anything

Apparently, this sale was pre-ordained – a Rule 10b5-1 plan. So, not a sudden fit of panic, merely a scheduled unloading. How very…organized. The Purple Elephant Trust, holding approximately $18.66 million as of January 31st, remains a comforting presence.

And, of course, OneStream is poised to disappear into private equity clutches – Hg Capital, to be precise – sometime in the first half of 2026. A mere 17 months after going public! One does begin to suspect a rather swift exit strategy. There are, naturally, investigations – fairness, fiduciary duties, the usual tiresome details. Investors, one suggests, might proceed with a healthy dose of skepticism. It’s always best to assume the worst, don’t you think?

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2026-02-01 05:22