Brett Tighe - 15 Sep 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 Sep 2021
Net transactions value
-$825,396
Form type
4
Filing time
17 Sep 2021, 17:19:32 UTC
Previous filing
19 Jul 2021
Next filing
17 Dec 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 +760 +3.9% $0.000000 20,395 15 Sep 2021 Direct F1
transaction OKTA Class A Common Stock Sale $96,511 -382 -1.9% $252.65 20,013 16 Sep 2021 Direct F2, F3
transaction OKTA Class A Common Stock Options Exercise $0 +466 +2.3% $0.000000 20,479 15 Sep 2021 Direct
transaction OKTA Class A Common Stock Sale $59,372 -235 -1.1% $252.65 20,244 16 Sep 2021 Direct F2, F3
transaction OKTA Class A Common Stock Options Exercise $0 +302 +1.5% $0.000000 20,546 15 Sep 2021 Direct
transaction OKTA Class A Common Stock Sale $38,402 -152 -0.74% $252.65 20,394 16 Sep 2021 Direct F2, F3
transaction OKTA Class A Common Stock Options Exercise $0 +415 +2% $0.000000 20,809 15 Sep 2021 Direct
transaction OKTA Class A Common Stock Sale $52,803 -209 -1% $252.65 20,600 16 Sep 2021 Direct F2, F3
transaction OKTA Class A Common Stock Options Exercise $0 +202 +0.98% $0.000000 20,802 15 Sep 2021 Direct
transaction OKTA Class A Common Stock Sale $25,770 -102 -0.49% $252.65 20,700 16 Sep 2021 Direct F2, F3
transaction OKTA Class A Common Stock Options Exercise $0 +4,354 +21% $0.000000 25,054 15 Sep 2021 Direct
transaction OKTA Class A Common Stock Sale $552,538 -2,187 -8.7% $252.65 22,867 16 Sep 2021 Direct F2, F3
holding OKTA Class A Common Stock 1,250 15 Sep 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 -760 -25% $0.000000 2,281 15 Sep 2021 Class A Common Stock 760 Direct F4, F5
transaction OKTA Restricted Stock Units Options Exercise $0 -466 -12% $0.000000 3,266 15 Sep 2021 Class A Common Stock 466 Direct F4, F6
transaction OKTA Restricted Stock Units Options Exercise $0 -302 -8.3% $0.000000 3,319 15 Sep 2021 Class A Common Stock 302 Direct F4, F7
transaction OKTA Restricted Stock Units Options Exercise $0 -415 -7.1% $0.000000 5,395 15 Sep 2021 Class A Common Stock 415 Direct F4, F8
transaction OKTA Restricted Stock Units Options Exercise $0 -202 -6.7% $0.000000 2,831 15 Sep 2021 Class A Common Stock 202 Direct F4, F9
transaction OKTA Restricted Stock Units Options Exercise $0 -4,354 -25% $0.000000 13,062 15 Sep 2021 Class A Common Stock 4,354 Direct F4, F10
holding OKTA Employee Stock Option (Right to Buy) 25,500 15 Sep 2021 Class B Common Stock 25,500 $3.92 Direct F11
holding OKTA Employee Stock Option (Right to Buy) 23,546 15 Sep 2021 Class B Common Stock 23,546 $8.73 Direct F11
holding OKTA Employee Stock Option (Right to Buy) 20,000 15 Sep 2021 Class B Common Stock 20,000 $9.74 Direct F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 91 shares of Class A Common Stock acquired under a Section 423 Employee Stock Purchase Plan.
F2 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.
F3 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 (3) with regard to the block trade.
F4 Each Restricted Stock Unit ("RSU") represents the right to receive one share of Class A Common Stock.
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 25% of the shares underlying the RSU vested on September 15, 2021, and the remaining shares underlying the RSU shall vest in 3 equal quarterly installments thereafter, subject to the Reporting Person's continuous employment with the Issuer on each such date.
F11 The shares subject to the option are fully vested and exercisable by the Reporting Person.

Remarks:

Interim Chief Financial Officer