Jacques Frederic Kerrest - Jan 28, 2025 Form 4 Insider Report for Okta, Inc. (OKTA)

Role
Director
Signature
/s/ Larissa Schwartz, attorney-in-fact of the Reporting Person
Stock symbol
OKTA
Transactions as of
Jan 28, 2025
Transactions value $
-$13,949,814
Form type
4
Date filed
1/30/2025, 05:11 PM
Previous filing
Jan 27, 2025
Next filing
Feb 7, 2025
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 +130K $0.00 130K Jan 28, 2025 Direct F1
transaction OKTA Class A Common Stock Sale -$5.95M -65K -50% $91.50 65K Jan 28, 2025 Direct F2
transaction OKTA Class A Common Stock Sale -$6.14M -65K -100% $94.50 0 Jan 28, 2025 Direct F2
transaction OKTA Class A Common Stock Conversion of derivative security $0 +13.3K $0.00 13.3K Jan 28, 2025 By Trust F1
transaction OKTA Class A Common Stock Sale -$610K -6.67K -50% $91.50 6.67K Jan 28, 2025 By Trust F2
transaction OKTA Class A Common Stock Sale -$630K -6.67K -100% $94.50 0 Jan 28, 2025 By Trust F2
transaction OKTA Class A Common Stock Conversion of derivative security $0 +6.67K $0.00 6.67K Jan 28, 2025 By Trust F1
transaction OKTA Class A Common Stock Sale -$305K -3.33K -50% $91.50 3.33K Jan 28, 2025 By Trust F2
transaction OKTA Class A Common Stock Sale -$315K -3.33K -100% $94.50 0 Jan 28, 2025 By Trust 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
transaction OKTA Employee Stock Option (Right to Buy) Options Exercise $0 -130K -24.35% $0.00 404K Jan 28, 2025 Class B Common Stock 130K $8.97 Direct F3
transaction OKTA Class B Common Stock Options Exercise $0 +130K $0.00 130K Jan 28, 2025 Class A Common Stock 130K Direct F1
transaction OKTA Class B Common Stock Conversion of derivative security $0 -130K -100% $0.00 0 Jan 28, 2025 Class A Common Stock 130K Direct F1
transaction OKTA Class B Common Stock Conversion of derivative security $0 -13.3K -6.32% $0.00 198K Jan 28, 2025 Class A Common Stock 13.3K By Trust F1
transaction OKTA Class B Common Stock Conversion of derivative security $0 -6.67K -6.29% $0.00 99.4K Jan 28, 2025 Class A Common Stock 6.67K By Trust F1
holding OKTA Class B Common Stock 1.14M Jan 28, 2025 Class A Common Stock 1.14M By Trust F1
holding OKTA Employee Stock Option (Right to Buy) 114K Jan 28, 2025 Class A Common Stock 114K $39.21 Direct F3
holding OKTA Employee Stock Option (Right to Buy) 71.5K Jan 28, 2025 Class A Common Stock 71.5K $82.16 Direct F3
holding OKTA Employee Stock Option (Right to Buy) 41.7K Jan 28, 2025 Class A Common Stock 41.7K $142.47 Direct F3
holding OKTA Employee Stock Option (Right to Buy) 13.3K Jan 28, 2025 Class A Common Stock 13.3K $274.96 Direct F3
holding OKTA Employee Stock Option (Right to Buy) 26.5K Jan 28, 2025 Class A Common Stock 26.5K $274.96 Direct F3
holding OKTA Restricted Stock Units 1.85K Jan 28, 2025 Class A Common Stock 1.85K Direct F4, F5
holding OKTA Restricted Stock Units 4.21K Jan 28, 2025 Class A Common Stock 4.21K Direct F4, F6
holding OKTA Restricted Stock Units 2.83K Jan 28, 2025 Class A Common Stock 2.83K Direct F4, F7
* 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 September 19, 2024.
F3 The shares subject to the option are fully vested and exercisable by the Reporting Person.
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, 2021, and the remaining shares underlying the RSU shall vest in 12 equal quarterly installments thereafter, subject to the Reporting Person's continuous service with the Issuer on each such date, and subject to tolling from November 1, 2022 through October 31, 2023 per a Sabbatical Agreement between the Reporting Person and the Issuer.
F6 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 service with the Issuer on each such date, and subject to tolling from November 1, 2022 through October 31, 2023 per a Sabbatical Agreement between the Reporting Person and the Issuer.
F7 The RSUs vest in full on the earlier of June 20, 2025 or the date immediately prior to the Issuer's next regular annual stockholders meeting, subject to the Reporting Person's continued service to the Issuer through such vesting date.