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

Signature
/s/ Larissa Schwartz, attorney-in-fact of the Reporting Person
Issuer symbol
OKTA
Transactions as of
20 Jul 2021
Net transactions value
-$2,167,977
Form type
4
Filing time
22 Jul 2021, 17:02:01 UTC
Previous filing
23 Jun 2021
Next filing
24 Aug 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OKTA Class A Common Stock Options Exercise $939,590 +6,595 +67% $142.47 16,382 20 Jul 2021 Direct
transaction OKTA Class A Common Stock Options Exercise $106,573 +2,718 +17% $39.21 19,100 20 Jul 2021 Direct
transaction OKTA Class A Common Stock Options Exercise $189,214 +2,303 +12% $82.16 21,403 20 Jul 2021 Direct
transaction OKTA Class A Common Stock Sale $240,951 -998 -4.7% $241.43 20,405 20 Jul 2021 Direct F1, F2
transaction OKTA Class A Common Stock Sale $218,813 -902 -4.4% $242.59 19,503 20 Jul 2021 Direct F1, F3
transaction OKTA Class A Common Stock Sale $511,620 -2,100 -11% $243.63 17,403 20 Jul 2021 Direct F1, F4
transaction OKTA Class A Common Stock Sale $196,534 -800 -4.6% $245.67 16,603 20 Jul 2021 Direct F1, F5
transaction OKTA Class A Common Stock Sale $607,689 -2,465 -15% $246.53* 14,138 20 Jul 2021 Direct F1, F6
transaction OKTA Class A Common Stock Sale $667,942 -2,700 -19% $247.39 11,438 20 Jul 2021 Direct F1, F7
transaction OKTA Class A Common Stock Sale $348,112 -1,400 -12% $248.65 10,038 20 Jul 2021 Direct F1, F8
transaction OKTA Class A Common Stock Sale $611,691 -2,453 -24% $249.36 7,585 20 Jul 2021 Direct F1, F9

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 -6,595 -9.2% $0.000000 65,116 20 Jul 2021 Class A Common Stock 6,595 $142.47 Direct F10
transaction OKTA Employee Stock Option (Right to Buy) Options Exercise $0 -2,718 -8.3% $0.000000 29,907 20 Jul 2021 Class A Common Stock 2,718 $39.21 Direct F11
transaction OKTA Employee Stock Option (Right to Buy) Options Exercise $0 -2,303 -4.2% $0.000000 52,984 20 Jul 2021 Class A Common Stock 2,303 $82.16 Direct F12
holding OKTA Class B Common Stock 5,182,781 20 Jul 2021 Class A Common Stock 5,182,781 By Trust F13
holding OKTA Class B Common Stock 128,247 20 Jul 2021 Class A Common Stock 128,247 By Trust F13
holding OKTA Employee Stock Option (Right to Buy) 38,827 20 Jul 2021 Class B Common Stock 38,827 $1.40 Direct F14
holding OKTA Employee Stock Option (Right to Buy) 486,053 20 Jul 2021 Class B Common Stock 486,053 $7.17 Direct F14
holding OKTA Employee Stock Option (Right to Buy) 1,798,891 20 Jul 2021 Class B Common Stock 1,798,891 $8.97 Direct F15
holding OKTA Employee Stock Option (Right to Buy) 63,667 20 Jul 2021 Class A Common Stock 63,667 $274.96 Direct F16
holding OKTA Employee Stock Option (Right to Buy) 127,334 20 Jul 2021 Class A Common Stock 127,334 $274.96 Direct F16
holding OKTA Restricted Stock Units 10,594 20 Jul 2021 Class A Common Stock 10,594 Direct F17, F18
holding OKTA Restricted Stock Units 22,263 20 Jul 2021 Class A Common Stock 22,263 Direct F17, F19
holding OKTA Restricted Stock Units 29,067 20 Jul 2021 Class A Common Stock 29,067 Direct F17, F20
holding OKTA Restricted Stock Units 26,957 20 Jul 2021 Class A Common Stock 26,957 Direct F17, F21
* 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 $240.89 to $241.87 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 $241.99 to $242.96 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 $243.01 to $243.995 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 $244.90 to $245.88 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 $245.96 to $246.92 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 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $246.98 to $247.93 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the 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.
F8 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $248.08 to $249.06 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.
F9 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $249.09 to $249.70 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.
F10 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.
F11 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.
F12 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.
F13 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.
F14 The shares subject to the option are fully vested and exercisable by the Reporting Person.
F15 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.
F16 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.
F17 Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock.
F18 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.
F19 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.
F20 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.
F21 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.