Ledger Susan St. - 15 Sep 2022 Form 4 Insider Report for Okta, Inc. (OKTA)

Role
President, Worldwide Field Operations
Signature
Larissa Schwartz, attorney-in-fact of the Reporting Person
Issuer symbol
OKTA
Transactions as of
15 Sep 2022
Net transactions value
-$1,826,932
Form type
4
Filing time
19 Sep 2022, 17:13:36 UTC
Previous filing
30 Jun 2022
Next filing
22 Sep 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OKTA Class A Common Stock Options Exercise $0 +2,696 +7.1% $0.000000 40,514 15 Sep 2022 Direct F1
transaction OKTA Class A Common Stock Sale $83,625 -1,408 -3.5% $59.39 39,106 16 Sep 2022 Direct F2, F3
transaction OKTA Class A Common Stock Options Exercise $0 +53,913 +138% $0.000000 93,019 15 Sep 2022 Direct
transaction OKTA Class A Common Stock Sale $1,672,272 -28,156 -30% $59.39 64,863 16 Sep 2022 Direct F2, F3
transaction OKTA Class A Common Stock Options Exercise $0 +2,290 +3.5% $0.000000 67,153 15 Sep 2022 Direct
transaction OKTA Class A Common Stock Sale $71,034 -1,196 -1.8% $59.39 65,957 16 Sep 2022 Direct F2, F3
holding OKTA Class A Common Stock 27 15 Sep 2022 By Trust

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 Restricted Stock Units Options Exercise $0 -2,696 -9.1% $0.000000 26,956 15 Sep 2022 Class A Common Stock 2,696 Direct F4, F5
transaction OKTA Restricted Stock Units Options Exercise $0 -53,913 -100% $0.000000* 0 15 Sep 2022 Class A Common Stock 53,913 Direct F4, F6
transaction OKTA Restricted Stock Units Options Exercise $0 -2,290 -6.7% $0.000000 32,061 15 Sep 2022 Class A Common Stock 2,290 Direct F4, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 109 shares of Class A Common Stock acquired under a Section 423 Employee Stock Purchase Plan.
F2 Represents the number of shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock units. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.
F3 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 $58.55 to $60.73, 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 (3) with regard to the block trade.
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, 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.
F6 50% of the shares underlying the RSU vested on September 15, 2021 and the remaining vested on September 15, 2022, subject to the Reporting Person's continuous employment with the Issuer on each such date.
F7 6.25% of the shares underlying the RSU vested on June 15, 2022, and the remaining shares underlying the RSU shall vest in 15 equal quarterly installments thereafter, subject to the Reporting Person's continuous employment with the Issuer on each such date.

Remarks:

President, Worldwide Field Operations