Jacques Frederic Kerrest - Dec 23, 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
Dec 23, 2022
Transactions value $
$0
Form type
4
Date filed
12/28/2022, 05:16 PM
Previous filing
Nov 14, 2022
Next filing
Mar 17, 2023

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 +26K $0.00 26K Dec 23, 2022 By Trust F1
transaction OKTA Class A Common Stock Gift $0 -26K -100% $0.00* 0 Dec 27, 2022 By Trust F2
holding OKTA Class A Common Stock 100 Dec 23, 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 Class B Common Stock Conversion of derivative security $0 -26K -2.14% $0.00 1.19M Dec 23, 2022 Class A Common Stock 26K By Trust F1
holding OKTA Class B Common Stock 86.4K Dec 23, 2022 Class A Common Stock 86.4K By Trust F1
holding OKTA Class B Common Stock 258K Dec 23, 2022 Class A Common Stock 258K By Trust F1
holding OKTA Employee Stock Option (Right to Buy) 12.7K Dec 23, 2022 Class B Common Stock 12.7K $3.11 Direct F3
holding OKTA Employee Stock Option (Right to Buy) 236K Dec 23, 2022 Class B Common Stock 236K $7.17 Direct F3
holding OKTA Employee Stock Option (Right to Buy) 989K Dec 23, 2022 Class B Common Stock 989K $8.97 Direct F3
holding OKTA Employee Stock Option (Right to Buy) 114K Dec 23, 2022 Class A Common Stock 114K $39.21 Direct F3
holding OKTA Employee Stock Option (Right to Buy) 71.5K Dec 23, 2022 Class A Common Stock 71.5K $82.16 Direct F4, F5
holding OKTA Employee Stock Option (Right to Buy) 62.5K Dec 23, 2022 Class A Common Stock 62.5K $142.47 Direct F5, F6
holding OKTA Employee Stock Option (Right to Buy) 31.8K Dec 23, 2022 Class A Common Stock 31.8K $274.96 Direct F5, F7
holding OKTA Employee Stock Option (Right to Buy) 63.7K Dec 23, 2022 Class A Common Stock 63.7K $274.96 Direct F5, F7
holding OKTA Restricted Stock Units 4.12K Dec 23, 2022 Class A Common Stock 4.12K Direct F5, F8, F9
holding OKTA Restricted Stock Units 11.1K Dec 23, 2022 Class A Common Stock 11.1K Direct F5, F8, F10
holding OKTA Restricted Stock Units 8.43K Dec 23, 2022 Class A Common Stock 8.43K Direct F5, F8, F11
* 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 The transaction reported involved a gift by the Trust of 26,000 shares of Class A Common Stock to the American Endowment Foundation FBO Kerrest Family Foundation, a donor advised fund.
F3 The shares subject to the option are fully vested and exercisable by the Reporting Person.
F4 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.
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 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.
F7 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.
F8 Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock.
F9 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.
F10 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.
F11 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.