CHRISTOPHER K. KRAMER - 15 Dec 2021 Form 4 Insider Report for Okta, Inc. (OKTA)

Role
Chief Accounting Officer
Signature
Larissa Schwartz, attorney-in-fact of the Reporting Person
Issuer symbol
OKTA
Transactions as of
15 Dec 2021
Net transactions value
-$212,956
Form type
4
Filing time
17 Dec 2021, 17:35:04 UTC
Previous filing
15 Oct 2021
Next filing
17 Mar 2022
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 +1,122 +10% $0.000000 11,961 15 Dec 2021 Direct
transaction OKTA Class A Common Stock Sale $123,991 -577 -4.8% $214.89 11,384 16 Dec 2021 Direct F1, F2
transaction OKTA Class A Common Stock Options Exercise $0 +350 +3.1% $0.000000 11,734 15 Dec 2021 Direct
transaction OKTA Class A Common Stock Sale $38,680 -180 -1.5% $214.89 11,554 16 Dec 2021 Direct F1, F2
transaction OKTA Class A Common Stock Options Exercise $0 +88 +0.76% $0.000000 11,642 15 Dec 2021 Direct
transaction OKTA Class A Common Stock Sale $9,885 -46 -0.4% $214.89 11,596 16 Dec 2021 Direct F1, F2
transaction OKTA Class A Common Stock Options Exercise $0 +224 +1.9% $0.000000 11,820 15 Dec 2021 Direct
transaction OKTA Class A Common Stock Sale $24,927 -116 -0.98% $214.89 11,704 16 Dec 2021 Direct F1, F2
transaction OKTA Class A Common Stock Options Exercise $0 +139 +1.2% $0.000000 11,843 15 Dec 2021 Direct
transaction OKTA Class A Common Stock Sale $15,472 -72 -0.61% $214.89 11,771 16 Dec 2021 Direct F1, F2

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 -1,122 -33% $0.000000 2,244 15 Dec 2021 Class A Common Stock 1,122 Direct F3, F4
transaction OKTA Restricted Stock Units Options Exercise $0 -350 -14% $0.000000 2,099 15 Dec 2021 Class A Common Stock 350 Direct F3, F5
transaction OKTA Restricted Stock Units Options Exercise $0 -88 -12% $0.000000 616 15 Dec 2021 Class A Common Stock 88 Direct F3, F6
transaction OKTA Restricted Stock Units Options Exercise $0 -224 -10% $0.000000 2,021 15 Dec 2021 Class A Common Stock 224 Direct F3, F7
transaction OKTA Restricted Stock Units Options Exercise $0 -139 -7.7% $0.000000 1,660 15 Dec 2021 Class A Common Stock 139 Direct F3, F8
holding OKTA Employee Stock Option (Right to Buy) 3,187 15 Dec 2021 Class A Common Stock 3,187 $103.69 Direct F9
holding OKTA Employee Stock Option (Right to Buy) 7,590 15 Dec 2021 Class A Common Stock 7,590 $142.47 Direct F10
holding OKTA Employee Stock Option (Right to Buy) 3,184 15 Dec 2021 Class A Common Stock 3,184 $274.96 Direct F11
holding OKTA Restricted Stock Units 1,348 15 Dec 2021 Class A Common Stock 1,348 Direct F3, F12
* 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 $207.70 to $223.75, 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, 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.
F5 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.
F6 25% of the shares underlying the RSU vested on September 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 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 25% of the shares subject to the option vested on October 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.
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 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.
F12 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.