Jacques Frederic Kerrest - Nov 3, 2022 Form 4 Insider Report for Okta, Inc. (OKTA)

Role
Director
Signature
/s/ Larissa Schwartz, attorney-in-fact of the Reporting Person
Stock symbol
OKTA
Transactions as of
Nov 3, 2022
Transactions value $
-$920,556
Form type
4
Date filed
11/7/2022, 05:35 PM
Previous filing
Sep 19, 2022
Next filing
Nov 14, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OKTA Class A Common Stock Sale -$581K -11.9K -63.31% $48.71 6.91K Nov 3, 2022 Direct F1, F2
transaction OKTA Class A Common Stock Sale -$340K -6.81K -98.55% $49.92 100 Nov 3, 2022 Direct F1, F3

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
holding OKTA Restricted Stock Units 4.12K Nov 3, 2022 Class A Common Stock 4.12K Direct F4, F5, F6
holding OKTA Restricted Stock Units 11.1K Nov 3, 2022 Class A Common Stock 11.1K Direct F4, F6, F7
holding OKTA Restricted Stock Units 8.43K Nov 3, 2022 Class A Common Stock 8.43K Direct F4, F6, F8
holding OKTA Class B Common Stock 86.4K Nov 3, 2022 Class A Common Stock 86.4K By Trust F9
holding OKTA Class B Common Stock 258K Nov 3, 2022 Class A Common Stock 258K By Trust F9
holding OKTA Class B Common Stock 1.18M Nov 3, 2022 Class A Common Stock 1.18M By Trust F9
holding OKTA Employee Stock Option (Right to Buy) 3.57K Nov 3, 2022 Class B Common Stock 3.57K $1.40 Direct F10
holding OKTA Employee Stock Option (Right to Buy) 42.8K Nov 3, 2022 Class B Common Stock 42.8K $3.11 Direct F10
holding OKTA Employee Stock Option (Right to Buy) 236K Nov 3, 2022 Class B Common Stock 236K $7.17 Direct F10
holding OKTA Employee Stock Option (Right to Buy) 989K Nov 3, 2022 Class B Common Stock 989K $8.97 Direct F10
holding OKTA Employee Stock Option (Right to Buy) 114K Nov 3, 2022 Class A Common Stock 114K $39.21 Direct F10
holding OKTA Employee Stock Option (Right to Buy) 71.5K Nov 3, 2022 Class A Common Stock 71.5K $82.16 Direct F6, F11
holding OKTA Employee Stock Option (Right to Buy) 62.5K Nov 3, 2022 Class A Common Stock 62.5K $142.47 Direct F6, F12
holding OKTA Employee Stock Option (Right to Buy) 31.8K Nov 3, 2022 Class A Common Stock 31.8K $274.96 Direct F6, F13
holding OKTA Employee Stock Option (Right to Buy) 63.7K Nov 3, 2022 Class A Common Stock 63.7K $274.96 Direct F6, F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.
F2 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $48.47 to $49.13 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.
F3 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $49.66 to $50.28 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 Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock.
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 As previously disclosed in the Issuer's Form 8-K filed with the Securities and Exchange Commission on August 31, 2022, the Reporting Person is on sabbatical from November 1, 2022 through October 31, 2023. The vesting of the Reporting Person's equity awards, including the stock options and RSUs reported in this Form 4, will be tolled during the sabbatical period; however, such equity awards will remain outstanding in accordance with their terms.
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 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.
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 through each vesting 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 through each vesting 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 through each vesting date.