Todd McKinnon - 11 Mar 2024 Form 4 Insider Report for Okta, Inc. (OKTA)

Role
Chief Executive Officer, Director
Signature
/s/ Larissa Schwartz, attorney-in-fact of the Reporting Person
Issuer symbol
OKTA
Transactions as of
11 Mar 2024
Transactions value $
$0
Form type
4
Filing time
13 Mar 2024, 17:13:43 UTC
Previous filing
26 Dec 2023
Next filing
19 Mar 2024
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 Award $0 +42,020 +421% $0 52,010 11 Mar 2024 Direct F1, F2

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
holding OKTA Restricted Stock Units 2,643 11 Mar 2024 Class A Common Stock 2,643 Direct F3, F4
holding OKTA Restricted Stock Units 8,424 11 Mar 2024 Class A Common Stock 8,424 Direct F3, F5
holding OKTA Restricted Stock Units 94,547 11 Mar 2024 Class A Common Stock 94,547 Direct F3, F6
holding OKTA Class B Common Stock 5,530,696 11 Mar 2024 Class A Common Stock 5,530,696 By Trust F7
holding OKTA Class B Common Stock 128,247 11 Mar 2024 Class A Common Stock 128,247 By Trust F7
holding OKTA Employee Stock Option (Right to Buy) 181,053 11 Mar 2024 Class B Common Stock 181,053 $7.17 Direct F8
holding OKTA Employee Stock Option (Right to Buy) 1,794,803 11 Mar 2024 Class B Common Stock 1,794,803 $8.97 Direct F8
holding OKTA Employee Stock Option (Right to Buy) 5,438 11 Mar 2024 Class A Common Stock 5,438 $39.21 Direct F8
holding OKTA Employee Stock Option (Right to Buy) 32,251 11 Mar 2024 Class A Common Stock 32,251 $82.16 Direct F8
holding OKTA Employee Stock Option (Right to Buy) 48,372 11 Mar 2024 Class A Common Stock 48,372 $142.47 Direct F8
holding OKTA Employee Stock Option (Right to Buy) 63,667 11 Mar 2024 Class A Common Stock 63,667 $274.96 Direct F9
holding OKTA Employee Stock Option (Right to Buy) 127,334 11 Mar 2024 Class A Common Stock 127,334 $274.96 Direct F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 21, 2023, the Reporting Person was granted Performance Stock Units ("PSUs"), the vesting of which is subject to the achievement of certain performance criteria and to a service-based vesting criteria. On March 11, 2024, the Compensation Committee of the Board of Directors determined that 42,020 shares of the Issuer's Class A Common Stock were earned as result of the achievement of the performance criteria, with vesting to occur once the service-based vesting criteria are satisfied on March 15, 2024.
F2 Includes 42,020 PSUs, with each PSU representing the right to receive one share of the Issuer's Class A Common Stock.
F3 Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock.
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 employment with the Issuer on each such date.
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 8.33% of the shares underlying the RSU vested on June 15, 2023, and the remaining shares underlying the RSU shall vest in 11 equal quarterly installments thereafter, subject to the Reporting Person's continuous employment with the Issuer on each such date.
F7 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.
F8 The shares subject to the option are fully vested and exercisable by the Reporting Person.
F9 25% of the shares subject to the option vested 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.