Jacques Frederic Kerrest - Apr 24, 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
Apr 24, 2023
Transactions value $
-$7,599
Form type
4
Date filed
4/26/2023, 05:10 PM
Previous filing
Mar 17, 2023
Next filing
Jun 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OKTA Class A Common Stock Sale -$7.6K -100 -14.27% $75.99 601 Apr 24, 2023 Direct F1

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 Apr 24, 2023 Class A Common Stock 4.12K Direct F2, F3, F4
holding OKTA Restricted Stock Units 11.1K Apr 24, 2023 Class A Common Stock 11.1K Direct F2, F4, F5
holding OKTA Restricted Stock Units 8.43K Apr 24, 2023 Class A Common Stock 8.43K Direct F2, F4, F6
holding OKTA Class B Common Stock 86.4K Apr 24, 2023 Class A Common Stock 86.4K By Trust F7
holding OKTA Class B Common Stock 258K Apr 24, 2023 Class A Common Stock 258K By Trust F7
holding OKTA Class B Common Stock 1.19M Apr 24, 2023 Class A Common Stock 1.19M By Trust F7
holding OKTA Employee Stock Option (Right to Buy) 12.7K Apr 24, 2023 Class B Common Stock 12.7K $3.11 Direct F8
holding OKTA Employee Stock Option (Right to Buy) 236K Apr 24, 2023 Class B Common Stock 236K $7.17 Direct F8
holding OKTA Employee Stock Option (Right to Buy) 989K Apr 24, 2023 Class B Common Stock 989K $8.97 Direct F8
holding OKTA Employee Stock Option (Right to Buy) 114K Apr 24, 2023 Class A Common Stock 114K $39.21 Direct F8
holding OKTA Employee Stock Option (Right to Buy) 71.5K Apr 24, 2023 Class A Common Stock 71.5K $82.16 Direct F4, F9
holding OKTA Employee Stock Option (Right to Buy) 62.5K Apr 24, 2023 Class A Common Stock 62.5K $142.47 Direct F4, F10
holding OKTA Employee Stock Option (Right to Buy) 31.8K Apr 24, 2023 Class A Common Stock 31.8K $274.96 Direct F4, F11
holding OKTA Employee Stock Option (Right to Buy) 63.7K Apr 24, 2023 Class A Common Stock 63.7K $274.96 Direct F4, F11
* 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 adopted by the Reporting Person on October 3, 2022.
F2 Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock.
F3 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.
F4 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.
F5 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.
F6 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.
F7 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.
F8 The shares subject to the option are fully vested and exercisable by the Reporting Person.
F9 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.
F10 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.
F11 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.