Jacques Frederic Kerrest - 10 Nov 2022 Form 4 Insider Report for Okta, Inc. (OKTA)

Role
Director
Signature
/s/ Larissa Schwartz, attorney-in-fact of the Reporting Person
Issuer symbol
OKTA
Transactions as of
10 Nov 2022
Net transactions value
$0
Form type
4
Filing time
14 Nov 2022, 16:20:32 UTC
Previous filing
07 Nov 2022
Next filing
28 Dec 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding OKTA Class A Common Stock 100 10 Nov 2022 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 Employee Stock Option (Right to Buy) Options Exercise $0 -3,572 -100% $0.000000* 0 10 Nov 2022 Class B Common Stock 3,572 $1.40 Direct F1
transaction OKTA Class B Common Stock Options Exercise $0 +3,572 $0.000000 3,572 10 Nov 2022 Class A Common Stock 3,572 Direct F2
transaction OKTA Employee Stock Option (Right to Buy) Options Exercise $0 -30,105 -70% $0.000000 12,707 10 Nov 2022 Class B Common Stock 30,105 $3.11 Direct F1
transaction OKTA Class B Common Stock Options Exercise $0 +30,105 +843% $0.000000 33,677 10 Nov 2022 Class A Common Stock 30,105 Direct F2
transaction OKTA Class B Common Stock Gift $0 -33,677 -100% $0.000000* 0 10 Nov 2022 Class A Common Stock 33,677 Direct F2
transaction OKTA Class B Common Stock Gift $0 +33,677 +2.8% $0.000000 1,217,187 10 Nov 2022 Class A Common Stock 33,677 By Trust F2
holding OKTA Class B Common Stock 86,376 10 Nov 2022 Class A Common Stock 86,376 By Trust F2
holding OKTA Class B Common Stock 257,668 10 Nov 2022 Class A Common Stock 257,668 By Trust F2
holding OKTA Restricted Stock Units 4,116 10 Nov 2022 Class A Common Stock 4,116 Direct F3, F4, F5
holding OKTA Restricted Stock Units 11,098 10 Nov 2022 Class A Common Stock 11,098 Direct F3, F5, F6
holding OKTA Restricted Stock Units 8,425 10 Nov 2022 Class A Common Stock 8,425 Direct F3, F5, F7
holding OKTA Employee Stock Option (Right to Buy) 235,953 10 Nov 2022 Class B Common Stock 235,953 $7.17 Direct F1
holding OKTA Employee Stock Option (Right to Buy) 988,852 10 Nov 2022 Class B Common Stock 988,852 $8.97 Direct F1
holding OKTA Employee Stock Option (Right to Buy) 114,000 10 Nov 2022 Class A Common Stock 114,000 $39.21 Direct F1
holding OKTA Employee Stock Option (Right to Buy) 71,547 10 Nov 2022 Class A Common Stock 71,547 $82.16 Direct F5, F8
holding OKTA Employee Stock Option (Right to Buy) 62,511 10 Nov 2022 Class A Common Stock 62,511 $142.47 Direct F5, F9
holding OKTA Employee Stock Option (Right to Buy) 31,834 10 Nov 2022 Class A Common Stock 31,834 $274.96 Direct F5, F10
holding OKTA Employee Stock Option (Right to Buy) 63,667 10 Nov 2022 Class A Common Stock 63,667 $274.96 Direct F5, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares subject to the option are fully vested and exercisable by the Reporting Person.
F2 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.
F3 Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock.
F4 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.
F5 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.
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 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.
F9 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.
F10 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.