Jonathan T. Runyan - 15 Sep 2021 Form 4 Insider Report for Okta, Inc. (OKTA)

Role
General Counsel and Secretary
Signature
/s/ Larissa Schwartz, attorney-in-fact of the Reporting Person
Issuer symbol
OKTA
Transactions as of
15 Sep 2021
Transactions value $
-$414,593
Form type
4
Filing time
17 Sep 2021, 17:17:24 UTC
Previous filing
17 Jun 2021
Next filing
15 Oct 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 +1.41K $0.00 1.41K 15 Sep 2021 Direct
transaction OKTA Class A Common Stock Sale -$178K -706 -50.21% $252.65 700 16 Sep 2021 Direct F1, F2
transaction OKTA Class A Common Stock Options Exercise $0 +936 +133.71% $0.00 1.64K 15 Sep 2021 Direct
transaction OKTA Class A Common Stock Sale -$119K -470 -28.73% $252.65 1.17K 16 Sep 2021 Direct F1, F2
transaction OKTA Class A Common Stock Options Exercise $0 +925 +79.33% $0.00 2.09K 15 Sep 2021 Direct
transaction OKTA Class A Common Stock Sale -$117K -465 -22.24% $252.65 1.63K 16 Sep 2021 Direct F1, F2
holding OKTA Class A Common Stock 56.1K 15 Sep 2021 By Trust F3

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 -1.41K -33.33% $0.00 2.81K 15 Sep 2021 Class A Common Stock 1.41K Direct F4, F5
transaction OKTA Restricted Stock Units Options Exercise $0 -936 -14.29% $0.00 5.61K 15 Sep 2021 Class A Common Stock 936 Direct F4, F6
transaction OKTA Restricted Stock Units Options Exercise $0 -925 -9.09% $0.00 9.25K 15 Sep 2021 Class A Common Stock 925 Direct F4, F7
holding OKTA Employee Stock Option (Right to Buy) 153K 15 Sep 2021 Class B Common Stock 153K $8.97 Direct F8
holding OKTA Employee Stock Option (Right to Buy) 52K 15 Sep 2021 Class A Common Stock 52K $39.21 Direct F9
holding OKTA Employee Stock Option (Right to Buy) 32.5K 15 Sep 2021 Class A Common Stock 32.5K $82.16 Direct F10
holding OKTA Employee Stock Option (Right to Buy) 31.3K 15 Sep 2021 Class A Common Stock 31.3K $142.47 Direct F11
holding OKTA Employee Stock Option (Right to Buy) 12.7K 15 Sep 2021 Class A Common Stock 12.7K $274.96 Direct F12
holding OKTA Employee Stock Option (Right to Buy) 102K 15 Sep 2021 Class A Common Stock 102K $274.96 Direct F12
holding OKTA Restricted Stock Units 5.39K 15 Sep 2021 Class A Common Stock 5.39K Direct F4, F13
* 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 $249.70 to $254.53, 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 Includes 89 shares of Class A Common Stock acquired under a Section 423 Employee Stock Purchase Plan.
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, 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 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.
F7 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.
F8 The shares subject to the option are fully vested and exercisable by the Reporting Person.
F9 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.
F10 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.
F11 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.
F12 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.
F13 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.