Todd McKinnon - 20 May 2021 Form 4 Insider Report for Okta, Inc. (OKTA)

Signature
/s/ Larissa Schwartz, attorney-in-fact of the Reporting Person
Issuer symbol
OKTA
Transactions as of
20 May 2021
Transactions value $
-$2,085,381
Form type
4
Filing time
24 May 2021, 17:05:19 UTC
Next filing
17 Jun 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OKTA Class A Common Stock Options Exercise $213,223 +5,438 +56% $39.21 15,225 20 May 2021 Direct
transaction OKTA Class A Common Stock Options Exercise $378,511 +4,607 +30% $82.16 19,832 20 May 2021 Direct
transaction OKTA Class A Common Stock Options Exercise $537,396 +3,772 +19% $142.47 23,604 20 May 2021 Direct
transaction OKTA Class A Common Stock Sale -$114,835 -500 -2.1% $229.67 23,104 20 May 2021 Direct F1, F2
transaction OKTA Class A Common Stock Sale -$300,305 -1,300 -5.6% $231 21,804 20 May 2021 Direct F1, F3
transaction OKTA Class A Common Stock Sale -$556,789 -2,400 -11% $232 19,404 20 May 2021 Direct F1, F4
transaction OKTA Class A Common Stock Sale -$1,654,148 -7,100 -37% $232.98 12,304 20 May 2021 Direct F1, F5
transaction OKTA Class A Common Stock Sale -$588,433 -2,517 -20% $233.78 9,787 20 May 2021 Direct F1, F6

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction OKTA Employee Stock Option (Right to Buy) Options Exercise $0 -5,438 -14% $0 32,625 20 May 2021 Class A Common Stock 5,438 $39.21 Direct F7
transaction OKTA Employee Stock Option (Right to Buy) Options Exercise $0 -4,607 -7.7% $0 55,287 20 May 2021 Class A Common Stock 4,607 $82.16 Direct F8
transaction OKTA Employee Stock Option (Right to Buy) Options Exercise $0 -3,772 -4.2% $0 85,529 20 May 2021 Class A Common Stock 3,772 $142.47 Direct F9
holding OKTA Class B Common Stock 5,182,781 20 May 2021 Class A Common Stock 5,182,781 By Trust F10
holding OKTA Class B Common Stock 128,247 20 May 2021 Class A Common Stock 128,247 By Trust F10
holding OKTA Employee Stock Option (Right to Buy) 38,827 20 May 2021 Class B Common Stock 38,827 $1.4 Direct F11
holding OKTA Employee Stock Option (Right to Buy) 486,053 20 May 2021 Class B Common Stock 486,053 $7.17 Direct F11
holding OKTA Employee Stock Option (Right to Buy) 1,798,891 20 May 2021 Class B Common Stock 1,798,891 $8.97 Direct F12
holding OKTA Employee Stock Option (Right to Buy) 63,667 20 May 2021 Class A Common Stock 63,667 $274.96 Direct F13
holding OKTA Employee Stock Option (Right to Buy) 127,334 20 May 2021 Class A Common Stock 127,334 $274.96 Direct F13
holding OKTA Restricted Stock Units 14,125 20 May 2021 Class A Common Stock 14,125 Direct F14, F15
holding OKTA Restricted Stock Units 25,443 20 May 2021 Class A Common Stock 25,443 Direct F14, F16
holding OKTA Restricted Stock Units 31,709 20 May 2021 Class A Common Stock 31,709 Direct F14, F17
holding OKTA Restricted Stock Units 26,957 20 May 2021 Class A Common Stock 26,957 Direct F14, F18
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.
F2 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $229.23 to $229.97 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to 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.
F3 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $230.44 to $231.40 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to 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.
F4 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $231.45 to $232.41 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to 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.
F5 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $232.45 to $233.44 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to 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.
F6 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $233.485 to $234.13 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to 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.
F7 25% of the shares subject to the option vested on February 1, 2019, and the remaining shares subject to the option shall vest in 36 equal monthly installments thereafter, subject to the Reporting Person's continuous employment with the Issuer on each such date.
F8 25% of the shares subject to the option vested on February 1, 2020, and the remaining shares subject to the option shall vest in 36 equal monthly installments thereafter, subject to the Reporting Person's continuous employment with the Issuer on each such date.
F9 25% of the shares subject to the option vested on February 1, 2021, and the remaining shares subject to the option shall vest in 36 equal monthly installments thereafter, subject to the Reporting Person's continuous employment with the Issuer on each such date.
F10 Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date.
F11 The shares subject to the option are fully vested and exercisable by the Reporting Person.
F12 20% of the shares subject to the option vested on July 29, 2017, 20% of the shares subject to the option vested on July 29, 2018, and the remaining shares subject to the option shall vest in 36 equal monthly installments thereafter, subject to the Reporting Person's continuous employment with the Issuer on each such date. The option is early exercisable by the Reporting Person.
F13 25% of the shares subject to the option shall vest on February 1, 2022, and the remaining shares subject to the option shall vest in 36 equal monthly installments thereafter, subject to the Reporting Person's continuous employment with the Issuer on each such date.
F14 Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock.
F15 25% of the shares underlying the RSU vested on March 15, 2019, and the remaining shares underlying the RSU shall vest in 12 equal quarterly installments thereafter, subject to the Reporting Person's continuous employment with the Issuer on each such date.
F16 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 employment with the Issuer on each such date.
F17 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 employment with the Issuer on each such date.
F18 25% of the shares underlying the RSU shall vest 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 employment with the Issuer on each such date.