Todd McKinnon - 20 Sep 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
20 Sep 2024
Transactions value $
$-17,558,742
Form type
4
Filing time
24 Sep 2024, 18:02:01 UTC
Previous filing
17 Sep 2024
Next filing
22 Oct 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 +200,512 +2360% $0.000000 209,007 20 Sep 2024 Direct F1
transaction OKTA Class A Common Stock Sale $-8,892,266 -118,614 -56.8% $74.97 90,393 20 Sep 2024 Direct F2, F3
transaction OKTA Class A Common Stock Sale $-6,188,041 -81,898 -90.6% $75.56 8,495 20 Sep 2024 Direct F2, F4
transaction OKTA Class A Common Stock Conversion of derivative security $0 +24,021 +283% $0.000000 32,516 23 Sep 2024 Direct F1
transaction OKTA Class A Common Stock Sale $-2,478,435 -32,516 -100% $76.22 0 23 Sep 2024 Direct F2, F5

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 -200,512 -13.4% $0.000000 1,299,229 20 Sep 2024 Class B Common Stock 200,512 $8.97 Direct F6
transaction OKTA Class B Common Stock Options Exercise $0 +200,512 $0.000000 200,512 20 Sep 2024 Class A Common Stock 200,512 Direct F1
transaction OKTA Class B Common Stock Conversion of derivative security $0 -200,512 -100% $0.000000 0 20 Sep 2024 Class A Common Stock 200,512 Direct F1
transaction OKTA Employee Stock Option (Right to Buy) Options Exercise $0 -79,582 -100% $0.000000 0 23 Sep 2024 Class B Common Stock 79,582 $7.17 Direct F6
transaction OKTA Class B Common Stock Options Exercise $0 +79,582 $0.000000 79,582 23 Sep 2024 Class A Common Stock 79,582 Direct F1
transaction OKTA Employee Stock Option (Right to Buy) Options Exercise $0 -99,021 -7.62% $0.000000 1,200,208 23 Sep 2024 Class B Common Stock 99,021 $8.97 Direct F6
transaction OKTA Class B Common Stock Options Exercise $0 +99,021 +124% $0.000000 178,603 23 Sep 2024 Class A Common Stock 99,021 Direct F1
transaction OKTA Class B Common Stock Conversion of derivative security $0 -24,021 -13.4% $0.000000 154,582 23 Sep 2024 Class A Common Stock 24,021 Direct F1
transaction OKTA Class B Common Stock Gift $0 -154,582 -100% $0.000000 0 23 Sep 2024 Class A Common Stock 154,582 Direct F1
transaction OKTA Class B Common Stock Gift $0 +154,582 +2.71% $0.000000 5,857,278 23 Sep 2024 Class A Common Stock 154,582 By Trust F1
holding OKTA Class B Common Stock 128,247 20 Sep 2024 Class A Common Stock 128,247 By Trust F1
holding OKTA Employee Stock Option (Right to Buy) 5,438 20 Sep 2024 Class A Common Stock 5,438 $39.21 Direct F6
holding OKTA Employee Stock Option (Right to Buy) 32,251 20 Sep 2024 Class A Common Stock 32,251 $82.16 Direct F6
holding OKTA Employee Stock Option (Right to Buy) 48,372 20 Sep 2024 Class A Common Stock 48,372 $142.47 Direct F6
holding OKTA Employee Stock Option (Right to Buy) 63,667 20 Sep 2024 Class A Common Stock 63,667 $274.96 Direct F7
holding OKTA Employee Stock Option (Right to Buy) 127,334 20 Sep 2024 Class A Common Stock 127,334 $274.96 Direct F7
holding OKTA Restricted Stock Units 3,370 20 Sep 2024 Class A Common Stock 3,370 Direct F8, F9
holding OKTA Restricted Stock Units 63,031 20 Sep 2024 Class A Common Stock 63,031 Direct F8, F10
holding OKTA Restricted Stock Units 50,353 20 Sep 2024 Class A Common Stock 50,353 Direct F8, F11
* 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 $74.35 to $75.345 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 $75.35 to $75.77 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 $75.66 to $76.57 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 shares subject to the option are fully vested and exercisable by the Reporting Person.
F7 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.
F8 Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock.
F9 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.
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 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.