Jacques Frederic Kerrest - Nov 10, 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 10, 2022
Transactions value $
$0
Form type
4
Date filed
11/14/2022, 04:20 PM
Previous filing
Nov 7, 2022
Next filing
Dec 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding OKTA Class A Common Stock 100 Nov 10, 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 -3.57K -100% $0.00* 0 Nov 10, 2022 Class B Common Stock 3.57K $1.40 Direct F1
transaction OKTA Class B Common Stock Options Exercise $0 +3.57K $0.00 3.57K Nov 10, 2022 Class A Common Stock 3.57K Direct F2
transaction OKTA Employee Stock Option (Right to Buy) Options Exercise $0 -30.1K -70.32% $0.00 12.7K Nov 10, 2022 Class B Common Stock 30.1K $3.11 Direct F1
transaction OKTA Class B Common Stock Options Exercise $0 +30.1K +842.81% $0.00 33.7K Nov 10, 2022 Class A Common Stock 30.1K Direct F2
transaction OKTA Class B Common Stock Gift $0 -33.7K -100% $0.00* 0 Nov 10, 2022 Class A Common Stock 33.7K Direct F2
transaction OKTA Class B Common Stock Gift $0 +33.7K +2.85% $0.00 1.22M Nov 10, 2022 Class A Common Stock 33.7K By Trust F2
holding OKTA Class B Common Stock 86.4K Nov 10, 2022 Class A Common Stock 86.4K By Trust F2
holding OKTA Class B Common Stock 258K Nov 10, 2022 Class A Common Stock 258K By Trust F2
holding OKTA Restricted Stock Units 4.12K Nov 10, 2022 Class A Common Stock 4.12K Direct F3, F4, F5
holding OKTA Restricted Stock Units 11.1K Nov 10, 2022 Class A Common Stock 11.1K Direct F3, F5, F6
holding OKTA Restricted Stock Units 8.43K Nov 10, 2022 Class A Common Stock 8.43K Direct F3, F5, F7
holding OKTA Employee Stock Option (Right to Buy) 236K Nov 10, 2022 Class B Common Stock 236K $7.17 Direct F1
holding OKTA Employee Stock Option (Right to Buy) 989K Nov 10, 2022 Class B Common Stock 989K $8.97 Direct F1
holding OKTA Employee Stock Option (Right to Buy) 114K Nov 10, 2022 Class A Common Stock 114K $39.21 Direct F1
holding OKTA Employee Stock Option (Right to Buy) 71.5K Nov 10, 2022 Class A Common Stock 71.5K $82.16 Direct F5, F8
holding OKTA Employee Stock Option (Right to Buy) 62.5K Nov 10, 2022 Class A Common Stock 62.5K $142.47 Direct F5, F9
holding OKTA Employee Stock Option (Right to Buy) 31.8K Nov 10, 2022 Class A Common Stock 31.8K $274.96 Direct F5, F10
holding OKTA Employee Stock Option (Right to Buy) 63.7K Nov 10, 2022 Class A Common Stock 63.7K $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.