Form 4 for OKTA Okta, Inc.
Accepted 2023-12-19 00:00:00 ET · period of report 2023-12-15 · accession 0001209191-23-059207 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2023-12-19 | 2023-12-19 | OKTA | Kerrest Jacques Frederic | Dir | G - Gift | $0.00 | -8,800 | 0 | -100% | $0 |
| DM | 2023-12-19 | 2023-12-18 | OKTA | Kerrest Jacques Frederic | Dir | S - Sale+OE | $83.33 | -1,662 | 3,128 | -35% | -$138.5K |
| DM | 2023-12-19 | 2023-12-15 | OKTA | Kerrest Jacques Frederic | Dir | M - OptEx | $0.00 | +4,750 | 2,659 | New | $0 |
| DM | 2023-12-19 | 2023-12-15 | OKTA | Kerrest Jacques Frederic | Dir | M - OptEx | $0.00 | -4,750 | 7,582 | -39% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2023-12-19 | G | D | 8,800 | $0.00 | 0 | I | — | — | |
| 2 | Common | Class A Common Stock | 2023-12-18 | S | D | 282 | $83.33 | 3,689 | D | — | — | (F2) The price reported in Column 4 is a weighted average price calculated by the broker. These shares were sold as part of a block trade in multiple transactions at prices ranging from $82.55 to $84.12, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote with regard to the block trade. |
| 3 | Common | Class A Common Stock | 2023-12-15 | M | A | 843 | $0.00 | 3,971 | D | — | — | |
| 4 | Common | Class A Common Stock | 2023-12-18 | S | D | 754 | $83.33 | 1,905 | D | — | — | (F2) The price reported in Column 4 is a weighted average price calculated by the broker. These shares were sold as part of a block trade in multiple transactions at prices ranging from $82.55 to $84.12, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote with regard to the block trade. |
| 5 | Common | Class A Common Stock | 2023-12-15 | M | A | 1,849 | $0.00 | 3,754 | D | — | — | |
| 6 | Common | Class A Common Stock | 2023-12-18 | S | D | 626 | $83.33 | 3,128 | D | — | — | (F2) The price reported in Column 4 is a weighted average price calculated by the broker. These shares were sold as part of a block trade in multiple transactions at prices ranging from $82.55 to $84.12, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote with regard to the block trade. |
| 7 | Common | Class A Common Stock | 2023-12-15 | M | A | 2,058 | $0.00 | 2,659 | D By Trust | — | — | |
| 8 | Derivative | Restricted Stock Units | 2023-12-15 | M | D | 1,849 | $0.00 | 9,249 | D | — · — to — | 1,849 Class A Common Stock | (F4) Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock. (F7) 25% of the shares underlying the RSU vested on March 15, 2021, and the remaining shares underlying the RSU shall vest in 12 equal quarterly installments thereafter, subject to the Reporting Person's continuous service with the Issuer on each such date. (F6) As previously disclosed in the Issuer's Form 8-Ks filed with the Securities and Exchange Commission on August 31, 2022 and August 30, 2023, the Reporting Person was on sabbatical from November 1, 2022 through October 31, 2023, during which time the vesting of the Reporting Person's equity awards, including the stock options and RSUs reported in this Form 4, were tolled; however, such equity awards remained outstanding in accordance with their terms. Following the conclusion of the Reporting Person's sabbatical, the Reporting Person did not return as an employee, but continues to serve as a member of the Company's board of directors as Vice Chairman. In connection with the foregoing, the Reporting Person agreed to forfeit 76,549 stock options that are out of the money, and his remaining RSUs and stock options continue to vest in accordance with their original terms. |
| 9 | Derivative | Restricted Stock Units | 2023-12-15 | M | D | 2,058 | $0.00 | 2,058 | D | — · — to — | 2,058 Class A Common Stock | (F4) Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock. (F5) 25% of the shares underlying the RSU vested on March 15, 2020, and the remaining shares underlying the RSU shall vest in 12 equal quarterly installments thereafter, subject to the Reporting Person's continuous service with the Issuer on each such date. (F6) As previously disclosed in the Issuer's Form 8-Ks filed with the Securities and Exchange Commission on August 31, 2022 and August 30, 2023, the Reporting Person was on sabbatical from November 1, 2022 through October 31, 2023, during which time the vesting of the Reporting Person's equity awards, including the stock options and RSUs reported in this Form 4, were tolled; however, such equity awards remained outstanding in accordance with their terms. Following the conclusion of the Reporting Person's sabbatical, the Reporting Person did not return as an employee, but continues to serve as a member of the Company's board of directors as Vice Chairman. In connection with the foregoing, the Reporting Person agreed to forfeit 76,549 stock options that are out of the money, and his remaining RSUs and stock options continue to vest in accordance with their original terms. |
| 10 | Derivative | Restricted Stock Units | 2023-12-15 | M | D | 843 | $0.00 | 7,582 | D | — · — to — | 843 Class A Common Stock | (F4) Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock. (F8) 25% of the shares underlying the RSU vested on March 15, 2022, and the remaining shares underlying the RSU shall vest in 12 equal quarterly installments thereafter, subject to the Reporting Person's continuous service with the Issuer on each such date. (F6) As previously disclosed in the Issuer's Form 8-Ks filed with the Securities and Exchange Commission on August 31, 2022 and August 30, 2023, the Reporting Person was on sabbatical from November 1, 2022 through October 31, 2023, during which time the vesting of the Reporting Person's equity awards, including the stock options and RSUs reported in this Form 4, were tolled; however, such equity awards remained outstanding in accordance with their terms. Following the conclusion of the Reporting Person's sabbatical, the Reporting Person did not return as an employee, but continues to serve as a member of the Company's board of directors as Vice Chairman. In connection with the foregoing, the Reporting Person agreed to forfeit 76,549 stock options that are out of the money, and his remaining RSUs and stock options continue to vest in accordance with their original terms. |