CHRISTOPHER K. KRAMER - 15 Jun 2022 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 Jun 2022
Net transactions value
-$66,458
Form type
4
Filing time
17 Jun 2022, 17:06:40 UTC
Previous filing
24 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 +8.2% $0.000000 14,734 15 Jun 2022 Direct
transaction OKTA Class A Common Stock Sale $33,429 -418 -2.8% $79.97 14,316 16 Jun 2022 Direct F1, F2
transaction OKTA Class A Common Stock Options Exercise $0 +350 +2.4% $0.000000 14,666 15 Jun 2022 Direct
transaction OKTA Class A Common Stock Sale $10,477 -131 -0.89% $79.97 14,535 16 Jun 2022 Direct F1, F2
transaction OKTA Class A Common Stock Options Exercise $0 +88 +0.61% $0.000000 14,623 15 Jun 2022 Direct
transaction OKTA Class A Common Stock Sale $2,639 -33 -0.23% $79.97 14,590 16 Jun 2022 Direct F1, F2
transaction OKTA Class A Common Stock Options Exercise $0 +224 +1.5% $0.000000 14,814 15 Jun 2022 Direct
transaction OKTA Class A Common Stock Sale $6,718 -84 -0.57% $79.97 14,730 16 Jun 2022 Direct F1, F2
transaction OKTA Class A Common Stock Options Exercise $0 +138 +0.94% $0.000000 14,868 15 Jun 2022 Direct
transaction OKTA Class A Common Stock Sale $4,159 -52 -0.35% $79.97 14,816 16 Jun 2022 Direct F1, F2
transaction OKTA Class A Common Stock Options Exercise $0 +84 +0.57% $0.000000 14,900 15 Jun 2022 Direct
transaction OKTA Class A Common Stock Sale $2,559 -32 -0.21% $79.97 14,868 16 Jun 2022 Direct F1, F2
transaction OKTA Class A Common Stock Options Exercise $0 +216 +1.5% $0.000000 15,084 15 Jun 2022 Direct
transaction OKTA Class A Common Stock Sale $6,478 -81 -0.54% $79.97 15,003 16 Jun 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 -1,122 -100% $0.000000* 0 15 Jun 2022 Class A Common Stock 1,122 Direct F3, F4
transaction OKTA Restricted Stock Units Options Exercise $0 -350 -20% $0.000000 1,400 15 Jun 2022 Class A Common Stock 350 Direct F3, F5
transaction OKTA Restricted Stock Units Options Exercise $0 -88 -17% $0.000000 440 15 Jun 2022 Class A Common Stock 88 Direct F3, F6
transaction OKTA Restricted Stock Units Options Exercise $0 -224 -12% $0.000000 1,572 15 Jun 2022 Class A Common Stock 224 Direct F3, F7
transaction OKTA Restricted Stock Units Options Exercise $0 -138 -9.1% $0.000000 1,384 15 Jun 2022 Class A Common Stock 138 Direct F3, F8
transaction OKTA Restricted Stock Units Options Exercise $0 -84 -8.3% $0.000000 927 15 Jun 2022 Class A Common Stock 84 Direct F3, F9
transaction OKTA Restricted Stock Units Options Exercise $0 -216 -6.2% $0.000000 3,248 15 Jun 2022 Class A Common Stock 216 Direct F3, F10
holding OKTA Employee Stock Option (Right to Buy) 3,187 15 Jun 2022 Class A Common Stock 3,187 $103.69 Direct F11
holding OKTA Employee Stock Option (Right to Buy) 7,590 15 Jun 2022 Class A Common Stock 7,590 $142.47 Direct F12
holding OKTA Employee Stock Option (Right to Buy) 3,184 15 Jun 2022 Class A Common Stock 3,184 $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 $78.32 to $83.73, 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 The shares underlying the RSU fully vested on June 15, 2022.
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 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.
F10 6.25% of the shares underlying the RSU vested on June 15, 2022, 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.
F11 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.
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.