Form 4 for OKTA Okta, Inc.
Accepted 2024-03-19 00:00:00 ET · period of report 2024-03-15 · accession 0001660134-24-000048 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2024-03-19 | 2024-03-15 | OKTA | Kerrest Jacques Frederic | Dir | M - OptEx | $0.00 | +4,750 | 5,747 | +476% | $0 |
| DM | 2024-03-19 | 2024-03-15 | OKTA | Kerrest Jacques Frederic | Dir | F - Tax | $0.00 | -2,268 | 5,701 | -28% | $0 |
| DM | 2024-03-19 | 2024-03-15 | OKTA | Kerrest Jacques Frederic | Dir | M - OptEx | $0.00 | -4,750 | 0 | -100% | $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 | 2024-03-15 | M | A | 842 | $0.00 | 6,543 | D | — | — | |
| 2 | Common | Class A Common Stock | 2024-03-15 | F | D | 372 | $0.00 | 6,171 | D | — | — | |
| 3 | Common | Class A Common Stock | 2024-03-15 | M | A | 1,850 | $0.00 | 6,550 | D | — | — | |
| 4 | Common | Class A Common Stock | 2024-03-15 | M | A | 2,058 | $0.00 | 5,747 | D | — | — | |
| 5 | Common | Class A Common Stock | 2024-03-15 | F | D | 1,047 | $0.00 | 4,700 | D | — | — | |
| 6 | Common | Class A Common Stock | 2024-03-15 | F | D | 849 | $0.00 | 5,701 | D | — | — | |
| 7 | Derivative | Restricted Stock Units | 2024-03-15 | M | D | 1,850 | $0.00 | 7,399 | D | — · — to — | 1,850 Class A Common Stock | (F1) Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock. (F2) 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. (F4) 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. |
| 8 | Derivative | Restricted Stock Units | 2024-03-15 | M | D | 842 | $0.00 | 6,740 | D | — · — to — | 842 Class A Common Stock | (F1) Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock. (F2) 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. (F5) 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. |
| 9 | Derivative | Restricted Stock Units | 2024-03-15 | M | D | 2,058 | $0.00 | 0 | D | — · — to — | 2,058 Class A Common Stock | (F1) Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock. (F2) 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. (F3) The shares underlying the RSU fully vested on March 15, 2024. |