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

Signature
Larissa Schwartz, attorney-in-fact of the Reporting Person
Stock symbol
OKTA
Transactions as of
Dec 15, 2021
Transactions value $
-$212,956
Form type
4
Date filed
12/17/2021, 05:35 PM
Previous filing
Oct 15, 2021
Next filing
Mar 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OKTA Class A Common Stock Options Exercise $0 +1.12K +10.35% $0.00 12K Dec 15, 2021 Direct
transaction OKTA Class A Common Stock Sale -$124K -577 -4.82% $214.89 11.4K Dec 16, 2021 Direct F1, F2
transaction OKTA Class A Common Stock Options Exercise $0 +350 +3.07% $0.00 11.7K Dec 15, 2021 Direct
transaction OKTA Class A Common Stock Sale -$38.7K -180 -1.53% $214.89 11.6K Dec 16, 2021 Direct F1, F2
transaction OKTA Class A Common Stock Options Exercise $0 +88 +0.76% $0.00 11.6K Dec 15, 2021 Direct
transaction OKTA Class A Common Stock Sale -$9.88K -46 -0.4% $214.89 11.6K Dec 16, 2021 Direct F1, F2
transaction OKTA Class A Common Stock Options Exercise $0 +224 +1.93% $0.00 11.8K Dec 15, 2021 Direct
transaction OKTA Class A Common Stock Sale -$24.9K -116 -0.98% $214.89 11.7K Dec 16, 2021 Direct F1, F2
transaction OKTA Class A Common Stock Options Exercise $0 +139 +1.19% $0.00 11.8K Dec 15, 2021 Direct
transaction OKTA Class A Common Stock Sale -$15.5K -72 -0.61% $214.89 11.8K Dec 16, 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 -1.12K -33.33% $0.00 2.24K Dec 15, 2021 Class A Common Stock 1.12K Direct F3, F4
transaction OKTA Restricted Stock Units Options Exercise $0 -350 -14.29% $0.00 2.1K Dec 15, 2021 Class A Common Stock 350 Direct F3, F5
transaction OKTA Restricted Stock Units Options Exercise $0 -88 -12.5% $0.00 616 Dec 15, 2021 Class A Common Stock 88 Direct F3, F6
transaction OKTA Restricted Stock Units Options Exercise $0 -224 -9.98% $0.00 2.02K Dec 15, 2021 Class A Common Stock 224 Direct F3, F7
transaction OKTA Restricted Stock Units Options Exercise $0 -139 -7.73% $0.00 1.66K Dec 15, 2021 Class A Common Stock 139 Direct F3, F8
holding OKTA Employee Stock Option (Right to Buy) 3.19K Dec 15, 2021 Class A Common Stock 3.19K $103.69 Direct F9
holding OKTA Employee Stock Option (Right to Buy) 7.59K Dec 15, 2021 Class A Common Stock 7.59K $142.47 Direct F10
holding OKTA Employee Stock Option (Right to Buy) 3.18K Dec 15, 2021 Class A Common Stock 3.18K $274.96 Direct F11
holding OKTA Restricted Stock Units 1.35K Dec 15, 2021 Class A Common Stock 1.35K 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.