Jacques Frederic Kerrest - Sep 17, 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
Sep 17, 2021
Transactions value $
-$1,646,837
Form type
4
Date filed
9/21/2021, 05:23 PM
Previous filing
Sep 17, 2021
Next filing
Dec 17, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OKTA Class A Common Stock Gift $0 -2.94K -14.4% $0.00 17.5K Sep 17, 2021 Direct
transaction OKTA Class A Common Stock Gift $0 +2.94K $0.00 2.94K Sep 17, 2021 By Trust
transaction OKTA Class A Common Stock Sale -$256K -1K -34.04% $255.84 1.94K Sep 17, 2021 By Trust F1, F2
transaction OKTA Class A Common Stock Sale -$385K -1.5K -77.4% $256.71 438 Sep 17, 2021 By Trust F1, F3
transaction OKTA Class A Common Stock Sale -$113K -438 -100% $257.54 0 Sep 17, 2021 By Trust F1, F4
transaction OKTA Class A Common Stock Sale -$358K -1.4K -8.02% $255.80 16.1K Sep 17, 2021 Direct F1, F5
transaction OKTA Class A Common Stock Sale -$462K -1.8K -11.21% $256.84 14.3K Sep 17, 2021 Direct F1, F6
transaction OKTA Class A Common Stock Sale -$72.7K -282 -1.98% $257.84 14K Sep 17, 2021 Direct F1, F7

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
holding OKTA Class B Common Stock 260K Sep 17, 2021 Class A Common Stock 260K By Trust F8
holding OKTA Class B Common Stock 1.31M Sep 17, 2021 Class A Common Stock 1.31M By Trust F8
holding OKTA Employee Stock Option (Right to Buy) 3.57K Sep 17, 2021 Class B Common Stock 3.57K $1.40 Direct F9
holding OKTA Employee Stock Option (Right to Buy) 42.8K Sep 17, 2021 Class B Common Stock 42.8K $3.11 Direct F9
holding OKTA Employee Stock Option (Right to Buy) 236K Sep 17, 2021 Class B Common Stock 236K $7.17 Direct F9
holding OKTA Employee Stock Option (Right to Buy) 989K Sep 17, 2021 Class B Common Stock 989K $8.97 Direct F9
holding OKTA Employee Stock Option (Right to Buy) 114K Sep 17, 2021 Class A Common Stock 114K $39.21 Direct F10
holding OKTA Employee Stock Option (Right to Buy) 71.5K Sep 17, 2021 Class A Common Stock 71.5K $82.16 Direct F11
holding OKTA Employee Stock Option (Right to Buy) 62.5K Sep 17, 2021 Class A Common Stock 62.5K $142.47 Direct F12
holding OKTA Employee Stock Option (Right to Buy) 31.8K Sep 17, 2021 Class A Common Stock 31.8K $274.96 Direct F13
holding OKTA Employee Stock Option (Right to Buy) 63.7K Sep 17, 2021 Class A Common Stock 63.7K $274.96 Direct F13
holding OKTA Restricted Stock Units 6.18K Sep 17, 2021 Class A Common Stock 6.18K Direct F14, F15
holding OKTA Restricted Stock Units 12.3K Sep 17, 2021 Class A Common Stock 12.3K Direct F14, F16
holding OKTA Restricted Stock Units 18.5K Sep 17, 2021 Class A Common Stock 18.5K Direct F14, F17
holding OKTA Restricted Stock Units 13.5K Sep 17, 2021 Class A Common Stock 13.5K 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 $255.18 to $256.16 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 $256.20 to $257.15 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 $257.21 to $258.16 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 $255.32 to $256.25 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 $256.34 to $257.29 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 $257.35 to $258.13 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.
F8 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.
F9 The shares subject to the option are fully vested and exercisable by the Reporting Person.
F10 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 through each vesting date.
F11 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 through each vesting date.
F12 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 through each vesting date.
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 through each vesting 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.

Remarks:

Executive Vice Chairperson of the Board and Chief Operating Officer