Todd McKinnon - May 20, 2021 Form 4 Insider Report for Okta, Inc. (OKTA)

Signature
/s/ Larissa Schwartz, attorney-in-fact of the Reporting Person
Stock symbol
OKTA
Transactions as of
May 20, 2021
Transactions value $
-$2,085,381
Form type
4
Date filed
5/24/2021, 05:05 PM
Next filing
Jun 17, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OKTA Class A Common Stock Options Exercise $213K +5.44K +55.56% $39.21 15.2K May 20, 2021 Direct
transaction OKTA Class A Common Stock Options Exercise $379K +4.61K +30.26% $82.16 19.8K May 20, 2021 Direct
transaction OKTA Class A Common Stock Options Exercise $537K +3.77K +19.02% $142.47 23.6K May 20, 2021 Direct
transaction OKTA Class A Common Stock Sale -$115K -500 -2.12% $229.67 23.1K May 20, 2021 Direct F1, F2
transaction OKTA Class A Common Stock Sale -$300K -1.3K -5.63% $231.00 21.8K May 20, 2021 Direct F1, F3
transaction OKTA Class A Common Stock Sale -$557K -2.4K -11.01% $232.00 19.4K May 20, 2021 Direct F1, F4
transaction OKTA Class A Common Stock Sale -$1.65M -7.1K -36.59% $232.98 12.3K May 20, 2021 Direct F1, F5
transaction OKTA Class A Common Stock Sale -$588K -2.52K -20.46% $233.78 9.79K May 20, 2021 Direct F1, F6

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 -5.44K -14.29% $0.00 32.6K May 20, 2021 Class A Common Stock 5.44K $39.21 Direct F7
transaction OKTA Employee Stock Option (Right to Buy) Options Exercise $0 -4.61K -7.69% $0.00 55.3K May 20, 2021 Class A Common Stock 4.61K $82.16 Direct F8
transaction OKTA Employee Stock Option (Right to Buy) Options Exercise $0 -3.77K -4.22% $0.00 85.5K May 20, 2021 Class A Common Stock 3.77K $142.47 Direct F9
holding OKTA Class B Common Stock 5.18M May 20, 2021 Class A Common Stock 5.18M By Trust F10
holding OKTA Class B Common Stock 128K May 20, 2021 Class A Common Stock 128K By Trust F10
holding OKTA Employee Stock Option (Right to Buy) 38.8K May 20, 2021 Class B Common Stock 38.8K $1.40 Direct F11
holding OKTA Employee Stock Option (Right to Buy) 486K May 20, 2021 Class B Common Stock 486K $7.17 Direct F11
holding OKTA Employee Stock Option (Right to Buy) 1.8M May 20, 2021 Class B Common Stock 1.8M $8.97 Direct F12
holding OKTA Employee Stock Option (Right to Buy) 63.7K May 20, 2021 Class A Common Stock 63.7K $274.96 Direct F13
holding OKTA Employee Stock Option (Right to Buy) 127K May 20, 2021 Class A Common Stock 127K $274.96 Direct F13
holding OKTA Restricted Stock Units 14.1K May 20, 2021 Class A Common Stock 14.1K Direct F14, F15
holding OKTA Restricted Stock Units 25.4K May 20, 2021 Class A Common Stock 25.4K Direct F14, F16
holding OKTA Restricted Stock Units 31.7K May 20, 2021 Class A Common Stock 31.7K Direct F14, F17
holding OKTA Restricted Stock Units 27K May 20, 2021 Class A Common Stock 27K Direct F14, F18
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.
F2 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $229.23 to $229.97 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $230.44 to $231.40 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, 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 in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $231.45 to $232.41 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, 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 in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $232.45 to $233.44 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, 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 in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $233.485 to $234.13 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F7 25% of the shares subject to the option vested on February 1, 2019, 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 25% of the shares subject to the option vested on February 1, 2020, 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.
F9 25% of the shares subject to the option vested on February 1, 2021, 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 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.
F11 The shares subject to the option are fully vested and exercisable by the Reporting Person.
F12 20% of the shares subject to the option vested on July 29, 2017, 20% of the shares subject to the option vested on July 29, 2018, 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. The option is early exercisable by the Reporting Person.
F13 25% of the shares subject to the option shall vest 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.
F14 Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock.
F15 25% of the shares underlying the RSU vested on March 15, 2019, 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.
F16 25% of the shares underlying the RSU vested on March 15, 2020, 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.
F17 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.
F18 25% of the shares underlying the RSU shall vest 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.