Jacques Frederic Kerrest - Mar 15, 2023 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
Mar 15, 2023
Transactions value $
-$34,888
Form type
4
Date filed
3/17/2023, 05:42 PM
Previous filing
Dec 28, 2022
Next filing
Apr 26, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OKTA Class A Common Stock Options Exercise $0 +1.02K +1024% $0.00 1.12K Mar 15, 2023 Direct
transaction OKTA Class A Common Stock Sale -$34.9K -423 -37.63% $82.48 701 Mar 16, 2023 Direct F1, F2

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 Restricted Stock Units Award $0 +1.02K $0.00 1.02K Mar 15, 2023 Class A Common Stock 1.02K Direct F3, F4
transaction OKTA Restricted Stock Units Options Exercise $0 -1.02K -100% $0.00* 0 Mar 15, 2023 Class A Common Stock 1.02K Direct F3, F4
holding OKTA Restricted Stock Units 4.12K Mar 15, 2023 Class A Common Stock 4.12K Direct F3, F5, F6
holding OKTA Restricted Stock Units 11.1K Mar 15, 2023 Class A Common Stock 11.1K Direct F3, F6, F7
holding OKTA Restricted Stock Units 8.43K Mar 15, 2023 Class A Common Stock 8.43K Direct F3, F6, F8
holding OKTA Class B Common Stock 86.4K Mar 15, 2023 Class A Common Stock 86.4K By Trust F9
holding OKTA Class B Common Stock 258K Mar 15, 2023 Class A Common Stock 258K By Trust F9
holding OKTA Class B Common Stock 1.19M Mar 15, 2023 Class A Common Stock 1.19M By Trust F9
holding OKTA Employee Stock Option (Right to Buy) 12.7K Mar 15, 2023 Class B Common Stock 12.7K $3.11 Direct F10
holding OKTA Employee Stock Option (Right to Buy) 236K Mar 15, 2023 Class B Common Stock 236K $7.17 Direct F10
holding OKTA Employee Stock Option (Right to Buy) 989K Mar 15, 2023 Class B Common Stock 989K $8.97 Direct F10
holding OKTA Employee Stock Option (Right to Buy) 114K Mar 15, 2023 Class A Common Stock 114K $39.21 Direct F10
holding OKTA Employee Stock Option (Right to Buy) 71.5K Mar 15, 2023 Class A Common Stock 71.5K $82.16 Direct F6, F11
holding OKTA Employee Stock Option (Right to Buy) 62.5K Mar 15, 2023 Class A Common Stock 62.5K $142.47 Direct F6, F12
holding OKTA Employee Stock Option (Right to Buy) 31.8K Mar 15, 2023 Class A Common Stock 31.8K $274.96 Direct F6, F13
holding OKTA Employee Stock Option (Right to Buy) 63.7K Mar 15, 2023 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 Represents the number of shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock units. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.
F2 The price reported in Column 4 is a weighted average price calculated by the broker. These shares were sold as part of a block trade in multiple transactions at prices ranging from $81.11 to $83.24, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or 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 with regard to the block trade.
F3 Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock.
F4 100% of the shares underlying the RSU vested on March 15, 2023.
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.