Jacques Frederic Kerrest - 22 Dec 2021 Form 4 Insider Report for Okta, Inc. (OKTA)

Role
Executive Vice Chairperson of the Board and Chief Operating Officer, Director
Signature
/s/ Larissa Schwartz, attorney-in-fact of the Reporting Person
Issuer symbol
OKTA
Transactions as of
22 Dec 2021
Net transactions value
$0
Form type
4
Filing time
27 Dec 2021, 18:03:45 UTC
Previous filing
21 Dec 2021
Next filing
14 Feb 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 Conversion of derivative security $0 +35,445 $0.000000 35,445 22 Dec 2021 By Trust F1
transaction OKTA Class A Common Stock Gift $0 -35,445 -100% $0.000000* 0 27 Dec 2021 By Trust F2
holding OKTA Class A Common Stock 17,377 22 Dec 2021 Direct

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 Class B Common Stock Conversion of derivative security $0 -35,445 -2.9% $0.000000 1,183,510 22 Dec 2021 Class A Common Stock 35,445 By Trust F1
holding OKTA Class B Common Stock 259,532 22 Dec 2021 Class A Common Stock 259,532 By Trust F1
holding OKTA Class B Common Stock 87,001 22 Dec 2021 Class A Common Stock 87,001 By Trust F1
holding OKTA Employee Stock Option (Right to Buy) 3,572 22 Dec 2021 Class B Common Stock 3,572 $1.40 Direct F3
holding OKTA Employee Stock Option (Right to Buy) 42,812 22 Dec 2021 Class B Common Stock 42,812 $3.11 Direct F3
holding OKTA Employee Stock Option (Right to Buy) 236,053 22 Dec 2021 Class B Common Stock 236,053 $7.17 Direct F3
holding OKTA Employee Stock Option (Right to Buy) 988,852 22 Dec 2021 Class B Common Stock 988,852 $8.97 Direct F3
holding OKTA Employee Stock Option (Right to Buy) 114,000 22 Dec 2021 Class A Common Stock 114,000 $39.21 Direct F4
holding OKTA Employee Stock Option (Right to Buy) 71,547 22 Dec 2021 Class A Common Stock 71,547 $82.16 Direct F5
holding OKTA Employee Stock Option (Right to Buy) 62,511 22 Dec 2021 Class A Common Stock 62,511 $142.47 Direct F6
holding OKTA Employee Stock Option (Right to Buy) 31,834 22 Dec 2021 Class A Common Stock 31,834 $274.96 Direct F7
holding OKTA Employee Stock Option (Right to Buy) 63,667 22 Dec 2021 Class A Common Stock 63,667 $274.96 Direct F7
holding OKTA Restricted Stock Units 3,088 22 Dec 2021 Class A Common Stock 3,088 Direct F8, F9
holding OKTA Restricted Stock Units 10,290 22 Dec 2021 Class A Common Stock 10,290 Direct F8, F10
holding OKTA Restricted Stock Units 16,647 22 Dec 2021 Class A Common Stock 16,647 Direct F8, F11
holding OKTA Restricted Stock Units 13,479 22 Dec 2021 Class A Common Stock 13,479 Direct F8, F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 The transaction reported involved a gift by the Trust of 35,445 shares of Class A Common Stock to the American Endowment Foundation FBO Kerrest Family Foundation, a donor advised fund.
F3 The shares subject to the option are fully vested and exercisable by the Reporting Person.
F4 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.
F5 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.
F6 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.
F7 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.
F8 Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock.
F9 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.
F10 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.
F11 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.
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.

Remarks:

Executive Vice Chairperson of the Board and Chief Operating Officer