Todd McKinnon - 20 Sep 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 Sep 2021
Net transactions value
-$3,545,579
Form type
4
Filing time
22 Sep 2021, 17:04:43 UTC
Previous filing
17 Sep 2021
Next filing
22 Oct 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OKTA Class A Common Stock Options Exercise $213,224 +5,438 +107% $39.21 10,535 20 Sep 2021 Direct
transaction OKTA Class A Common Stock Options Exercise $378,511 +4,607 +44% $82.16 15,142 20 Sep 2021 Direct
transaction OKTA Class A Common Stock Options Exercise $537,539 +3,773 +25% $142.47 18,915 20 Sep 2021 Direct
transaction OKTA Class A Common Stock Sale $904,559 -3,607 -19% $250.78 15,308 20 Sep 2021 Direct F1, F2
transaction OKTA Class A Common Stock Sale $812,633 -3,231 -21% $251.51 12,077 20 Sep 2021 Direct F1, F3
transaction OKTA Class A Common Stock Sale $1,242,400 -4,914 -41% $252.83 7,163 20 Sep 2021 Direct F1, F4
transaction OKTA Class A Common Stock Sale $634,312 -2,500 -35% $253.72 4,663 20 Sep 2021 Direct F1, F5
transaction OKTA Class A Common Stock Sale $209,353 -822 -18% $254.69 3,841 20 Sep 2021 Direct F1, F6
transaction OKTA Class A Common Stock Sale $486,074 -1,900 -49% $255.83 1,941 20 Sep 2021 Direct F1, F7
transaction OKTA Class A Common Stock Sale $385,522 -1,500 -77% $257.01 441 20 Sep 2021 Direct F1, F8

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 -20% $0.000000 21,750 20 Sep 2021 Class A Common Stock 5,438 $39.21 Direct F9
transaction OKTA Employee Stock Option (Right to Buy) Options Exercise $0 -4,607 -9.1% $0.000000 46,073 20 Sep 2021 Class A Common Stock 4,607 $82.16 Direct F10
transaction OKTA Employee Stock Option (Right to Buy) Options Exercise $0 -3,773 -5.9% $0.000000 59,692 20 Sep 2021 Class A Common Stock 3,773 $142.47 Direct F11
holding OKTA Class B Common Stock 5,182,781 20 Sep 2021 Class A Common Stock 5,182,781 By Trust F12
holding OKTA Class B Common Stock 128,247 20 Sep 2021 Class A Common Stock 128,247 By Trust F12
holding OKTA Employee Stock Option (Right to Buy) 38,827 20 Sep 2021 Class B Common Stock 38,827 $1.40 Direct F13
holding OKTA Employee Stock Option (Right to Buy) 486,053 20 Sep 2021 Class B Common Stock 486,053 $7.17 Direct F13
holding OKTA Employee Stock Option (Right to Buy) 1,798,891 20 Sep 2021 Class B Common Stock 1,798,891 $8.97 Direct F13
holding OKTA Employee Stock Option (Right to Buy) 63,667 20 Sep 2021 Class A Common Stock 63,667 $274.96 Direct F14
holding OKTA Employee Stock Option (Right to Buy) 127,334 20 Sep 2021 Class A Common Stock 127,334 $274.96 Direct F14
holding OKTA Restricted Stock Units 7,063 20 Sep 2021 Class A Common Stock 7,063 Direct F15, F16
holding OKTA Restricted Stock Units 19,082 20 Sep 2021 Class A Common Stock 19,082 Direct F15, F17
holding OKTA Restricted Stock Units 26,425 20 Sep 2021 Class A Common Stock 26,425 Direct F15, F18
holding OKTA Restricted Stock Units 26,957 20 Sep 2021 Class A Common Stock 26,957 Direct F15, F19
* 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 $250.23 to $251.19 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 $251.23 to $252.21 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 $252.245 to $253.23 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 $253.26 to $254.18 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 $254.2675 to $255.01 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 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $255.29 to $256.28 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.
F8 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $256.67 to $257.50 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.
F9 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.
F10 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.
F11 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.
F12 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.
F13 The shares subject to the option are fully vested and exercisable by the Reporting Person.
F14 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.
F15 Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock.
F16 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.
F17 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.
F18 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.
F19 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.