Todd McKinnon - 19 Jul 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
19 Jul 2024
Transactions value $
-$25,588,323
Form type
4
Filing time
23 Jul 2024, 17:04:10 UTC
Previous filing
18 Jun 2024
Next filing
17 Sep 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 Conversion of derivative security $0 +179,687 +375% $0 227,570 19 Jul 2024 Direct F1
transaction OKTA Class A Common Stock Sale -$12,207,662 -130,896 -58% $93.26 96,674 19 Jul 2024 Direct F2, F3
transaction OKTA Class A Common Stock Sale -$4,562,789 -48,618 -50% $93.85 48,056 19 Jul 2024 Direct F2, F4
transaction OKTA Class A Common Stock Sale -$16,388 -173 -0.36% $94.73 47,883 19 Jul 2024 Direct F2
transaction OKTA Class A Common Stock Conversion of derivative security $0 +44,846 +94% $0 92,729 22 Jul 2024 Direct F1
transaction OKTA Class A Common Stock Sale -$6,081,622 -64,199 -69% $94.73 28,530 22 Jul 2024 Direct F2, F5
transaction OKTA Class A Common Stock Sale -$2,302,073 -24,203 -85% $95.12 4,327 22 Jul 2024 Direct F2, F6
transaction OKTA Class A Common Stock Sale -$417,787 -4,327 -100% $96.55 0 22 Jul 2024 Direct F2, F7

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 -101,471 -56% $0 79,582 19 Jul 2024 Class B Common Stock 101,471 $7.17 Direct F8
transaction OKTA Employee Stock Option (Right to Buy) Options Exercise $0 -216,216 -12% $0 1,578,587 19 Jul 2024 Class B Common Stock 216,216 $8.97 Direct F8
transaction OKTA Class B Common Stock Options Exercise $0 +317,687 $0 317,687 19 Jul 2024 Class A Common Stock 317,687 Direct F1
transaction OKTA Class B Common Stock Conversion of derivative security $0 -179,687 -57% $0 138,000 19 Jul 2024 Class A Common Stock 179,687 Direct F1
transaction OKTA Class B Common Stock Gift $0 -138,000 -100% $0* 0 19 Jul 2024 Class A Common Stock 138,000 Direct F1
transaction OKTA Class B Common Stock Gift $0 +138,000 +2.5% $0 5,668,696 19 Jul 2024 Class A Common Stock 138,000 By Trust F1
transaction OKTA Employee Stock Option (Right to Buy) Options Exercise $0 -78,846 -5% $0 1,499,741 22 Jul 2024 Class B Common Stock 78,846 $8.97 Direct F8
transaction OKTA Class B Common Stock Options Exercise $0 +78,846 $0 78,846 22 Jul 2024 Class A Common Stock 78,846 Direct F1
transaction OKTA Class B Common Stock Conversion of derivative security $0 -44,846 -57% $0 34,000 22 Jul 2024 Class A Common Stock 44,846 Direct F1
transaction OKTA Class B Common Stock Gift $0 -34,000 -100% $0* 0 22 Jul 2024 Class A Common Stock 34,000 Direct F1
transaction OKTA Class B Common Stock Gift $0 +34,000 +0.6% $0 5,702,696 22 Jul 2024 Class A Common Stock 34,000 By Trust F1
holding OKTA Class B Common Stock 128,247 19 Jul 2024 Class A Common Stock 128,247 By Trust F1
holding OKTA Employee Stock Option (Right to Buy) 5,438 19 Jul 2024 Class A Common Stock 5,438 $39.21 Direct F8
holding OKTA Employee Stock Option (Right to Buy) 32,251 19 Jul 2024 Class A Common Stock 32,251 $82.16 Direct F8
holding OKTA Employee Stock Option (Right to Buy) 48,372 19 Jul 2024 Class A Common Stock 48,372 $142.47 Direct F8
holding OKTA Employee Stock Option (Right to Buy) 63,667 19 Jul 2024 Class A Common Stock 63,667 $274.96 Direct F9
holding OKTA Employee Stock Option (Right to Buy) 127,334 19 Jul 2024 Class A Common Stock 127,334 $274.96 Direct F9
holding OKTA Restricted Stock Units 5,055 19 Jul 2024 Class A Common Stock 5,055 Direct F10, F11
holding OKTA Restricted Stock Units 73,537 19 Jul 2024 Class A Common Stock 73,537 Direct F10, F12
holding OKTA Restricted Stock Units 55,388 19 Jul 2024 Class A Common Stock 55,388 Direct F10, F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 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.
F2 This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on April 15, 2024.
F3 The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $92.6717 to $93.6706 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the U.S. Securities and Exchange Commission (the "SEC") , 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 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $93.6737 to $94.66 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the SEC, 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 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $94.00 to $94.99 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the SEC, 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 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $95.00 to $95.99 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the SEC, 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 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $96.24 to $96.93 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
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.
F10 Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock.
F11 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.
F12 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.
F13 8.33% of the shares underlying the RSU vested on June 15, 2024, 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.