Jacques Frederic Kerrest - Jun 27, 2022 Form 4 Insider Report for Okta, Inc. (OKTA)

Signature
/s/ Larissa Schwartz, attorney-in-fact of the Reporting Person
Stock symbol
OKTA
Transactions as of
Jun 27, 2022
Transactions value $
-$29,743
Form type
4
Date filed
6/29/2022, 05:07 PM
Previous filing
Jun 17, 2022
Next filing
Sep 19, 2022

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 +100 $0.00 100 Jun 27, 2022 By Trust F1
transaction OKTA Class A Common Stock Sale -$3.74K -38 -38% $98.37 62 Jun 27, 2022 By Trust F2, F3
transaction OKTA Class A Common Stock Sale -$4.67K -47 -75.81% $99.37 15 Jun 27, 2022 By Trust F2, F4
transaction OKTA Class A Common Stock Sale -$1.1K -11 -73.33% $100.24 4 Jun 27, 2022 By Trust F2, F5
transaction OKTA Class A Common Stock Sale -$404 -4 -100% $100.91 0 Jun 27, 2022 By Trust F2, F6
transaction OKTA Class A Common Stock Conversion of derivative security $0 +100 $0.00 100 Jun 27, 2022 By Trust F1
transaction OKTA Class A Common Stock Sale -$3.84K -39 -39% $98.38 61 Jun 27, 2022 By Trust F2, F7
transaction OKTA Class A Common Stock Sale -$4.57K -46 -75.41% $99.37 15 Jun 27, 2022 By Trust F2, F8
transaction OKTA Class A Common Stock Sale -$1.51K -15 -100% $100.36 0 Jun 27, 2022 By Trust F2, F9
transaction OKTA Class A Common Stock Conversion of derivative security $0 +100 +0.6% $0.00 16.7K Jun 27, 2022 Direct F1
transaction OKTA Class A Common Stock Sale -$2.16K -22 -0.13% $98.18 16.6K Jun 27, 2022 Direct F2, F10
transaction OKTA Class A Common Stock Sale -$5.15K -52 -0.31% $99.08 16.6K Jun 27, 2022 Direct F2, F11
transaction OKTA Class A Common Stock Sale -$2K -20 -0.12% $99.90 16.6K Jun 27, 2022 Direct F2, F12
transaction OKTA Class A Common Stock Sale -$605 -6 -0.04% $100.87 16.6K Jun 27, 2022 Direct F2, F13

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 -100 -0.12% $0.00 86.4K Jun 27, 2022 Class A Common Stock 100 By Trust F1
transaction OKTA Class B Common Stock Conversion of derivative security $0 -100 -0.04% $0.00 258K Jun 27, 2022 Class A Common Stock 100 By Trust F1
transaction OKTA Employee Stock Option (Right to Buy) Options Exercise $0 -100 -0.04% $0.00 236K Jun 27, 2022 Class B Common Stock 100 $7.17 Direct F14
transaction OKTA Class B Common Stock Options Exercise $0 +100 $0.00 100 Jun 27, 2022 Class A Common Stock 100 Direct F1
transaction OKTA Class B Common Stock Conversion of derivative security $0 -100 -100% $0.00* 0 Jun 27, 2022 Class A Common Stock 100 Direct F1
holding OKTA Restricted Stock Units 6.17K Jun 27, 2022 Class A Common Stock 6.17K Direct F15, F16
holding OKTA Restricted Stock Units 12.9K Jun 27, 2022 Class A Common Stock 12.9K Direct F15, F17
holding OKTA Restricted Stock Units 9.27K Jun 27, 2022 Class A Common Stock 9.27K Direct F15, F18
holding OKTA Class B Common Stock 1.18M Jun 27, 2022 Class A Common Stock 1.18M By Trust F1
holding OKTA Employee Stock Option (Right to Buy) 3.57K Jun 27, 2022 Class B Common Stock 3.57K $1.40 Direct F14
holding OKTA Employee Stock Option (Right to Buy) 42.8K Jun 27, 2022 Class B Common Stock 42.8K $3.11 Direct F14
holding OKTA Employee Stock Option (Right to Buy) 989K Jun 27, 2022 Class B Common Stock 989K $8.97 Direct F14
holding OKTA Employee Stock Option (Right to Buy) 114K Jun 27, 2022 Class A Common Stock 114K $39.21 Direct F14
holding OKTA Employee Stock Option (Right to Buy) 71.5K Jun 27, 2022 Class A Common Stock 71.5K $82.16 Direct F19
holding OKTA Employee Stock Option (Right to Buy) 62.5K Jun 27, 2022 Class A Common Stock 62.5K $142.47 Direct F20
holding OKTA Employee Stock Option (Right to Buy) 31.8K Jun 27, 2022 Class A Common Stock 31.8K $274.96 Direct F21
holding OKTA Employee Stock Option (Right to Buy) 63.7K Jun 27, 2022 Class A Common Stock 63.7K $274.96 Direct F21
* 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 This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.
F3 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $97.82 to $98.79 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to 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.
F4 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $98.84 to $99.82 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to 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.
F5 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $99.87 to $100.65 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to 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.
F6 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $100.89 to $100.92 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to 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.
F7 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $97.84 to $98.78 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to 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.
F8 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $98.91 to $99.87 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to 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.
F9 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $99.93 to $100.89 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to 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.
F10 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $97.55 to $98.53 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to 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.
F11 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $98.55 to $99.52 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to 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.
F12 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $99.55 to $100.36 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to 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.
F13 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $100.61 to $101.00 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to 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.
F14 The shares subject to the option are fully vested and exercisable by the Reporting Person.
F15 Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock.
F16 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.
F17 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.
F18 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.
F19 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.
F20 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.
F21 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 through each vesting date.

Remarks:

Executive Vice Chairperson of the Board and Chief Operating Officer