Todd McKinnon - 15 Mar 2022 Form 4 Insider Report for Okta, Inc. (OKTA)

Role
Chief Executive Officer, Director
Signature
/s/ Larissa Schwartz, attorney-in-fact of the Reporting Person
Issuer symbol
OKTA
Transactions as of
15 Mar 2022
Net transactions value
-$1,170,624
Form type
4
Filing time
17 Mar 2022, 17:05:47 UTC
Previous filing
22 Dec 2021
Next filing
17 Jun 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 +3,532 +801% $0.000000 3,973 15 Mar 2022 Direct
transaction OKTA Class A Common Stock Sale $194,365 -1,271 -32% $152.92 2,702 16 Mar 2022 Direct F1, F2
transaction OKTA Class A Common Stock Options Exercise $0 +3,180 +118% $0.000000 5,882 15 Mar 2022 Direct
transaction OKTA Class A Common Stock Sale $170,356 -1,114 -19% $152.92 4,768 16 Mar 2022 Direct F1, F2
transaction OKTA Class A Common Stock Options Exercise $0 +2,642 +55% $0.000000 7,410 15 Mar 2022 Direct
transaction OKTA Class A Common Stock Sale $202,929 -1,327 -18% $152.92 6,083 16 Mar 2022 Direct F1, F2
transaction OKTA Class A Common Stock Options Exercise $0 +6,740 +111% $0.000000 12,823 15 Mar 2022 Direct
transaction OKTA Class A Common Stock Sale $517,644 -3,385 -26% $152.92 9,438 16 Mar 2022 Direct F1, F2
transaction OKTA Class A Common Stock Options Exercise $0 +1,110 +12% $0.000000 10,548 15 Mar 2022 Direct
transaction OKTA Class A Common Stock Sale $85,331 -558 -5.3% $152.92 9,990 16 Mar 2022 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 -3,532 -100% $0.000000* 0 15 Mar 2022 Class A Common Stock 3,532 Direct F3, F4
transaction OKTA Restricted Stock Units Options Exercise $0 -3,180 -20% $0.000000 12,722 15 Mar 2022 Class A Common Stock 3,180 Direct F3, F5
transaction OKTA Restricted Stock Units Options Exercise $0 -2,642 -11% $0.000000 21,140 15 Mar 2022 Class A Common Stock 2,642 Direct F3, F6
transaction OKTA Restricted Stock Units Options Exercise $0 -6,740 -25% $0.000000 20,217 15 Mar 2022 Class A Common Stock 6,740 Direct F3, F7
transaction OKTA Restricted Stock Units Award $0 +1,110 $0.000000 1,110 15 Mar 2022 Class A Common Stock 1,110 Direct F3, F8
transaction OKTA Restricted Stock Units Options Exercise $0 -1,110 -100% $0.000000* 0 15 Mar 2022 Class A Common Stock 1,110 Direct F3, F8
holding OKTA Class B Common Stock 5,182,781 15 Mar 2022 Class A Common Stock 5,182,781 By Trust F9
holding OKTA Class B Common Stock 128,247 15 Mar 2022 Class A Common Stock 128,247 By Trust F9
holding OKTA Employee Stock Option (Right to Buy) 38,827 15 Mar 2022 Class B Common Stock 38,827 $1.40 Direct F10
holding OKTA Employee Stock Option (Right to Buy) 486,053 15 Mar 2022 Class B Common Stock 486,053 $7.17 Direct F10
holding OKTA Employee Stock Option (Right to Buy) 1,798,891 15 Mar 2022 Class B Common Stock 1,798,891 $8.97 Direct F10
holding OKTA Employee Stock Option (Right to Buy) 5,438 15 Mar 2022 Class A Common Stock 5,438 $39.21 Direct F10
holding OKTA Employee Stock Option (Right to Buy) 32,251 15 Mar 2022 Class A Common Stock 32,251 $82.16 Direct F11
holding OKTA Employee Stock Option (Right to Buy) 48,372 15 Mar 2022 Class A Common Stock 48,372 $142.47 Direct F12
holding OKTA Employee Stock Option (Right to Buy) 63,667 15 Mar 2022 Class A Common Stock 63,667 $274.96 Direct F13
holding OKTA Employee Stock Option (Right to Buy) 127,334 15 Mar 2022 Class A Common Stock 127,334 $274.96 Direct F13
* 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 $146.27 to $157.72, 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 the Issuer's Class A Common Stock.
F4 The shares underlying the RSU fully vested on March 15, 2022.
F5 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.
F6 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.
F7 25% of the shares underlying the RSU vested 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.
F8 100% of the shares underlying the RSU vested on March 15, 2022.
F9 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.
F10 The shares subject to the option are fully vested and exercisable by the Reporting Person.
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 on each such 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 on each such date.
F13 25% of the shares subject to the option vested 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.