Larissa Schwartz - Sep 15, 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
Stock symbol
OKTA
Transactions as of
Sep 15, 2023
Transactions value $
-$158,212
Form type
4
Date filed
9/19/2023, 06:06 PM
Previous filing
Jun 20, 2023
Next filing
Oct 17, 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 +177 +0.74% $0.00 24.2K Sep 15, 2023 Direct
transaction OKTA Class A Common Stock Sale -$5.23K -63 -0.26% $83.01 24.1K Sep 18, 2023 Direct F1, F2
transaction OKTA Class A Common Stock Options Exercise $0 +104 +0.43% $0.00 24.2K Sep 15, 2023 Direct
transaction OKTA Class A Common Stock Sale -$3.07K -37 -0.15% $83.01 24.2K Sep 18, 2023 Direct F1, F2
transaction OKTA Class A Common Stock Options Exercise $0 +169 +0.7% $0.00 24.3K Sep 15, 2023 Direct
transaction OKTA Class A Common Stock Sale -$4.98K -60 -0.25% $83.01 24.3K Sep 18, 2023 Direct F1, F2
transaction OKTA Class A Common Stock Options Exercise $0 +316 +1.3% $0.00 24.6K Sep 15, 2023 Direct
transaction OKTA Class A Common Stock Sale -$9.21K -111 -0.45% $83.01 24.5K Sep 18, 2023 Direct F1, F2
transaction OKTA Class A Common Stock Options Exercise $0 +108 +0.44% $0.00 24.6K Sep 15, 2023 Direct
transaction OKTA Class A Common Stock Sale -$3.15K -38 -0.15% $83.01 24.5K Sep 18, 2023 Direct F1, F2
transaction OKTA Class A Common Stock Options Exercise $0 +4.45K +18.11% $0.00 29K Sep 15, 2023 Direct
transaction OKTA Class A Common Stock Sale -$133K -1.6K -5.51% $83.01 27.4K Sep 18, 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 Options Exercise $0 -177 -24.93% $0.00 533 Sep 15, 2023 Class A Common Stock 177 Direct F3, F4
transaction OKTA Restricted Stock Units Options Exercise $0 -104 -16.69% $0.00 519 Sep 15, 2023 Class A Common Stock 104 Direct F3, F5
transaction OKTA Restricted Stock Units Options Exercise $0 -169 -14.32% $0.00 1.01K Sep 15, 2023 Class A Common Stock 169 Direct F3, F6
transaction OKTA Restricted Stock Units Options Exercise $0 -316 -10% $0.00 2.84K Sep 15, 2023 Class A Common Stock 316 Direct F3, F7
transaction OKTA Restricted Stock Units Options Exercise $0 -108 -9.08% $0.00 1.08K Sep 15, 2023 Class A Common Stock 108 Direct F3, F8
transaction OKTA Restricted Stock Units Options Exercise $0 -4.45K -9.09% $0.00 44.5K Sep 15, 2023 Class A Common Stock 4.45K Direct F3, F9
holding OKTA Employee Stock Option (Right to Buy) 14.2K Sep 15, 2023 Class B Common Stock 14.2K $8.62 Direct F10
holding OKTA Employee Stock Option (Right to Buy) 9K Sep 15, 2023 Class B Common Stock 9K $8.73 Direct F10
holding OKTA Employee Stock Option (Right to Buy) 5K Sep 15, 2023 Class B Common Stock 5K $11.36 Direct F10
* 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 $82.25 to $83.75, 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 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.
F5 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.
F6 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.
F7 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.
F8 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.
F9 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.
F10 The shares subject to the option are fully vested and exercisable by the Reporting Person.

Remarks:

Chief Legal Officer and Secretary