Brett Tighe - 15 Jun 2021 Form 4 Insider Report for Okta, Inc. (OKTA)

Role
Interim Chief Financial Officer
Signature
Larissa Schwartz, attorney-in-fact of the Reporting Person
Issuer symbol
OKTA
Transactions as of
15 Jun 2021
Net transactions value
-$287,704
Form type
4
Filing time
17 Jun 2021, 18:06:25 UTC
Previous filing
10 Jun 2021
Next filing
19 Jul 2021
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 Options Exercise $0 +768 +4.3% $0.000000 18,687 15 Jun 2021 Direct
transaction OKTA Class A Common Stock Sale $60,087 -269 -1.4% $223.37 18,418 16 Jun 2021 Direct F1, F2
transaction OKTA Class A Common Stock Options Exercise $0 +760 +4.1% $0.000000 19,178 15 Jun 2021 Direct
transaction OKTA Class A Common Stock Sale $71,703 -321 -1.7% $223.37 18,857 16 Jun 2021 Direct F1, F2
transaction OKTA Class A Common Stock Options Exercise $0 +467 +2.5% $0.000000 19,324 15 Jun 2021 Direct
transaction OKTA Class A Common Stock Sale $52,493 -235 -1.2% $223.37 19,089 16 Jun 2021 Direct F1, F2
transaction OKTA Class A Common Stock Options Exercise $0 +301 +1.6% $0.000000 19,390 15 Jun 2021 Direct
transaction OKTA Class A Common Stock Sale $33,953 -152 -0.78% $223.37 19,238 16 Jun 2021 Direct F1, F2
transaction OKTA Class A Common Stock Options Exercise $0 +415 +2.2% $0.000000 19,653 15 Jun 2021 Direct
transaction OKTA Class A Common Stock Sale $46,685 -209 -1.1% $223.37 19,444 16 Jun 2021 Direct F1, F2
transaction OKTA Class A Common Stock Options Exercise $0 +202 +1% $0.000000 19,646 15 Jun 2021 Direct
transaction OKTA Class A Common Stock Sale $22,784 -102 -0.52% $223.37 19,544 16 Jun 2021 Direct F1, F2
holding OKTA Class A Common Stock 1,250 15 Jun 2021 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
transaction OKTA Restricted Stock Units Options Exercise $0 -768 -100% $0.000000* 0 15 Jun 2021 Class A Common Stock 768 Direct F3, F4
transaction OKTA Restricted Stock Units Options Exercise $0 -760 -20% $0.000000 3,041 15 Jun 2021 Class A Common Stock 760 Direct F3, F5
transaction OKTA Restricted Stock Units Options Exercise $0 -467 -11% $0.000000 3,732 15 Jun 2021 Class A Common Stock 467 Direct F3, F6
transaction OKTA Restricted Stock Units Options Exercise $0 -301 -7.7% $0.000000 3,621 15 Jun 2021 Class A Common Stock 301 Direct F3, F7
transaction OKTA Restricted Stock Units Options Exercise $0 -415 -6.7% $0.000000 5,810 15 Jun 2021 Class A Common Stock 415 Direct F3, F8
transaction OKTA Restricted Stock Units Options Exercise $0 -202 -6.2% $0.000000 3,033 15 Jun 2021 Class A Common Stock 202 Direct F3, F9
holding OKTA Employee Stock Option (Right to Buy) 25,500 15 Jun 2021 Class B Common Stock 25,500 $3.92 Direct F10
holding OKTA Employee Stock Option (Right to Buy) 23,546 15 Jun 2021 Class B Common Stock 23,546 $8.73 Direct F10
holding OKTA Employee Stock Option (Right to Buy) 20,000 15 Jun 2021 Class B Common Stock 20,000 $9.74 Direct F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the number of shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock units. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.
F2 The price reported in Column 4 is a weighted average price calculated by the broker. These shares were sold as part of a block trade in multiple transactions at prices ranging from $219.46 to $226.87, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or 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 (2) with regard to the block trade.
F3 Each Restricted Stock Unit ("RSU") represents the right to receive one share of Class A Common Stock.
F4 25% of the shares underlying the RSU vested on June 15, 2018, 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.
F5 25% of the shares underlying the RSU vested on June 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.
F6 25% of the shares underlying the RSU vested on June 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.
F7 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.
F8 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.
F9 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.
F10 The shares subject to the option are fully vested and exercisable by the Reporting Person.

Remarks:

Interim Chief Financial Officer