Company Overview - OneStream is an AI-driven finance software firm that offers a unified, AI-enabled Digital Finance Cloud platform for financial close, consolidation, planning, analysis, and reporting [7][8] - The company reported a total revenue of $570.7 million and a net income of -$82.7 million for the trailing twelve months (TTM) [4] - OneStream has approximately 1,500 employees and has experienced a 1-year price change of -17.13% as of January 5, 2026 [4] Transaction Details - OneStream is being acquired by Hg Capital for $24 per share in cash, valuing the company at approximately $6.4 billion, which represents a 31% premium to the closing price on January 5, 2026 [10][11] - The acquisition is expected to close in the first half of 2026, after which OneStream will become a privately held company [11] - Ken Hohenstein, Chief Revenue Officer, exercised 40,000 options and sold the shares for a transaction value of $688,400 at a price of $17.21 per share [2][9] Market Context - The sale of shares by Hohenstein was executed under a pre-arranged Rule 10b5-1 trading plan, indicating it was a liquidity-driven transaction rather than a reflection of negative sentiment towards the company [9][10] - The transaction occurred in a market context where OneStream's stock had declined by 37.90% over the past year, highlighting the challenges faced by the company in the public market [6][10] - The buyout reflects a broader trend of private equity interest in mid-sized software companies with strong recurring revenue but facing challenges in public market valuations [12]
OneStream CRO Exercises Options, Sells $688,000 Weeks Before $6.4 Billion Buyout Deal