{"schema_version":"secwatch.filing_event.v1","accession":"0001110611-23-000023","form_type":"8-K","ticker":null,"cik":"0001110611","company_name":"ON24 INC.","filed_at":"2023-06-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.969665+00:00","generated_at":"2026-06-13T15:21:21.862356+00:00","sec_items":["2.05","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"ON24 commits to restructuring plan; estimated charge $1.7M-$2.0M in Q2 2023","bullets":["Plan includes reduction in force with cash severance and benefits costs estimated at $1.7M-$2.0M by end of Q2 2023.","Restructuring aimed at streamlining organization and reducing expenses; previously telegraphed in May 9 Q1 2023 outlook.","Plan expected substantially complete by end of Q2 2023; possible additional charges in Q3.","Company may incur additional expenses not currently contemplated."],"urls":{"canonical":"https://secwatch.observer/filing/0001110611-23-000023","json":"https://secwatch.observer/filing/0001110611-23-000023.json","markdown":"https://secwatch.observer/filing/0001110611-23-000023.md","text":"https://secwatch.observer/filing/0001110611-23-000023.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1110611/000111061123000023/0001110611-23-000023-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1110611/000111061123000023/ontf-20230622.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T15:21:21.862356+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b09251262f1992ba2200f3e18c11d50de113efc1","claim":"ON24 INC. announced a restructuring with charges of $1.7 million to $2.0 million.","evidence_excerpt":"On June 22, 2023, in an effort to streamline its organization, ON24, Inc. (the “ Company ”) committed to a restructuring plan to reduce expenses (the “ Plan ”). In connection with the Plan, the Company currently estimates it will incur a charge of between approximately $1.7 million to $2.0 million by the end of the second quarter of 2023, which consists primarily of cash severance, employee benefit, and related costs for the reduction in force.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1110611/000111061123000023/0001110611-23-000023-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"$1.7 million to $2.0 million"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}