Larissa Schwartz - 15 Jun 2023 Form 4 Insider Report for Okta, Inc. (OKTA)

Role
Chief Legal Officer and Secretary
Signature
/s/ Alan Smith, attorney-in-fact of the Reporting Person
Issuer symbol
OKTA
Transactions as of
15 Jun 2023
Net transactions value
-$148,024
Form type
4
Filing time
20 Jun 2023, 17:08:04 UTC
Previous filing
23 Mar 2023
Next filing
19 Sep 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OKTA Class A Common Stock Options Exercise $0 +263 +1.3% $0.000000 20,615 15 Jun 2023 Direct F1
transaction OKTA Class A Common Stock Sale $7,031 -93 -0.45% $75.60 20,522 16 Jun 2023 Direct F2, F3
transaction OKTA Class A Common Stock Options Exercise $0 +178 +0.87% $0.000000 20,700 15 Jun 2023 Direct
transaction OKTA Class A Common Stock Sale $4,763 -63 -0.3% $75.60 20,637 16 Jun 2023 Direct F2, F3
transaction OKTA Class A Common Stock Options Exercise $0 +104 +0.5% $0.000000 20,741 15 Jun 2023 Direct
transaction OKTA Class A Common Stock Sale $2,797 -37 -0.18% $75.60 20,704 16 Jun 2023 Direct F2, F3
transaction OKTA Class A Common Stock Options Exercise $0 +168 +0.81% $0.000000 20,872 15 Jun 2023 Direct
transaction OKTA Class A Common Stock Sale $4,460 -59 -0.28% $75.60 20,813 16 Jun 2023 Direct F2, F3
transaction OKTA Class A Common Stock Options Exercise $0 +316 +1.5% $0.000000 21,129 15 Jun 2023 Direct
transaction OKTA Class A Common Stock Sale $8,392 -111 -0.53% $75.60 21,018 16 Jun 2023 Direct F2, F3
transaction OKTA Class A Common Stock Options Exercise $0 +108 +0.51% $0.000000 21,126 15 Jun 2023 Direct
transaction OKTA Class A Common Stock Sale $2,873 -38 -0.18% $75.60 21,088 16 Jun 2023 Direct F2, F3
transaction OKTA Class A Common Stock Options Exercise $0 +4,445 +21% $0.000000 25,533 15 Jun 2023 Direct
transaction OKTA Class A Common Stock Sale $117,709 -1,557 -6.1% $75.60 23,976 16 Jun 2023 Direct F2, F3

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 Options Exercise $0 -263 -100% $0.000000* 0 15 Jun 2023 Class A Common Stock 263 Direct F4, F5
transaction OKTA Restricted Stock Units Options Exercise $0 -178 -20% $0.000000 710 15 Jun 2023 Class A Common Stock 178 Direct F4, F6
transaction OKTA Restricted Stock Units Options Exercise $0 -104 -14% $0.000000 623 15 Jun 2023 Class A Common Stock 104 Direct F4, F7
transaction OKTA Restricted Stock Units Options Exercise $0 -168 -12% $0.000000 1,180 15 Jun 2023 Class A Common Stock 168 Direct F4, F8
transaction OKTA Restricted Stock Units Options Exercise $0 -316 -9.1% $0.000000 3,160 15 Jun 2023 Class A Common Stock 316 Direct F4, F9
transaction OKTA Restricted Stock Units Options Exercise $0 -108 -8.3% $0.000000 1,190 15 Jun 2023 Class A Common Stock 108 Direct F4, F10
transaction OKTA Restricted Stock Units Options Exercise $0 -4,445 -8.3% $0.000000 48,899 15 Jun 2023 Class A Common Stock 4,445 Direct F4, F11
holding OKTA Employee Stock Option (Right to Buy) 14,167 15 Jun 2023 Class B Common Stock 14,167 $8.62 Direct F12
holding OKTA Employee Stock Option (Right to Buy) 9,000 15 Jun 2023 Class B Common Stock 9,000 $8.73 Direct F12
holding OKTA Employee Stock Option (Right to Buy) 5,000 15 Jun 2023 Class B Common Stock 5,000 $11.36 Direct F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Based on an internal audit, the Issuer determined that due to an administrative error, the Reporting Person's Form 3 filed on March 13, 2023 and subsequent Forms 4 inadvertently overstated the Reporting Person's Class A common stock by 327 shares. This has been corrected this Form 4.
F2 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.
F3 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 $74.75 to $76.97, 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.
F4 Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock.
F5 The shares underlying the RSU fully vested on June 15, 2023.
F6 6.25% of the shares underlying the RSU vested on September 15, 2020, and the remaining shares underlying the RSU shall vest in 15 equal quarterly installments thereafter, subject to the Reporting Person's continuous employment with the Issuer on each such date.
F7 6.25% of the shares underlying the RSU vested on March 15, 2021, and the remaining shares underlying the RSU shall vest in 15 equal quarterly installments thereafter, subject to the Reporting Person's continuous employment with the Issuer on each such date.
F8 6.25% of the shares underlying the RSU vested on June 15, 2021, and the remaining shares underlying the RSU shall vest in 15 equal quarterly installments thereafter, subject to the Reporting Person's continuous employment with the Issuer on each such date.
F9 6.25% of the shares underlying the RSU vested on March 15, 2022, and the remaining shares underlying the RSU shall vest in 15 equal quarterly installments thereafter, subject to the Reporting Person's continuous employment with the Issuer on each such date.
F10 6.25% of the shares underlying the RSU vested on June 15, 2022, and the remaining shares underlying the RSU shall vest in 15 equal quarterly installments thereafter, subject to the Reporting Person's continuous employment with the Issuer on each such date.
F11 8.33% of the shares underlying the RSU vested on June 15, 2023, and the remaining shares underlying the RSU shall vest in 11 equal quarterly installments thereafter, subject to the Reporting Person's continuous employment with the Issuer on each such date.
F12 The shares subject to the option are fully vested and exercisable by the Reporting Person.

Remarks:

Chief Legal Officer and Secretary