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

Role
Chief Financial Officer
Signature
/s/ Alan Smith, 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, 17:15:56 UTC
Previous filing
19 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 +5.05K +7.17% $0.00 75.4K 11 Mar 2024 Direct F1, F2
transaction OKTA Class A Common Stock Award $0 +12.4K +16.45% $0.00 87.8K 11 Mar 2024 Direct F3, F4
holding OKTA Class A Common Stock 1.25K 11 Mar 2024 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
holding OKTA Restricted Stock Units 604 11 Mar 2024 Class A Common Stock 604 Direct F5, F6
holding OKTA Restricted Stock Units 1.66K 11 Mar 2024 Class A Common Stock 1.66K Direct F5, F7
holding OKTA Restricted Stock Units 1.01K 11 Mar 2024 Class A Common Stock 1.01K Direct F5, F8
holding OKTA Restricted Stock Units 41.2K 11 Mar 2024 Class A Common Stock 41.2K Direct F5, F9
holding OKTA Restricted Stock Units 56.7K 11 Mar 2024 Class A Common Stock 56.7K Direct F5, F10
holding OKTA Class B Common Stock 69K 11 Mar 2024 Class A Common Stock 69K By Trust F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 22, 2022, 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 5,049 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 5,049 PSUs, with each PSU representing the right to receive one share of the Issuer's Class A Common Stock.
F3 On March 21, 2023, the Reporting Person was granted 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 12,407 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.
F4 Includes 17,456 PSUs, with each PSU representing the right to receive one share of the Issuer's Class A Common Stock.
F5 Each Restricted Stock Unit ("RSU") represents the right to receive one share of Class A Common Stock.
F6 6.25% of the shares underlying the RSU vested on September 15, 2020, 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.
F7 6.25% of the shares underlying the RSU vested on March 15, 2021, 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.
F8 6.25% of the shares underlying the RSU vested on June 15, 2021, 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.
F9 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.
F10 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.
F11 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.