Larissa Schwartz - 15 Sep 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 Sep 2023
Net transactions value
-$158,212
Form type
4
Filing time
19 Sep 2023, 18:06:55 UTC
Previous filing
20 Jun 2023
Next filing
17 Oct 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 +177 +0.74% $0.000000 24,153 15 Sep 2023 Direct
transaction OKTA Class A Common Stock Sale $5,229 -63 -0.26% $83.01 24,090 18 Sep 2023 Direct F1, F2
transaction OKTA Class A Common Stock Options Exercise $0 +104 +0.43% $0.000000 24,194 15 Sep 2023 Direct
transaction OKTA Class A Common Stock Sale $3,071 -37 -0.15% $83.01 24,157 18 Sep 2023 Direct F1, F2
transaction OKTA Class A Common Stock Options Exercise $0 +169 +0.7% $0.000000 24,326 15 Sep 2023 Direct
transaction OKTA Class A Common Stock Sale $4,980 -60 -0.25% $83.01 24,266 18 Sep 2023 Direct F1, F2
transaction OKTA Class A Common Stock Options Exercise $0 +316 +1.3% $0.000000 24,582 15 Sep 2023 Direct
transaction OKTA Class A Common Stock Sale $9,214 -111 -0.45% $83.01 24,471 18 Sep 2023 Direct F1, F2
transaction OKTA Class A Common Stock Options Exercise $0 +108 +0.44% $0.000000 24,579 15 Sep 2023 Direct
transaction OKTA Class A Common Stock Sale $3,154 -38 -0.15% $83.01 24,541 18 Sep 2023 Direct F1, F2
transaction OKTA Class A Common Stock Options Exercise $0 +4,445 +18% $0.000000 28,986 15 Sep 2023 Direct
transaction OKTA Class A Common Stock Sale $132,562 -1,597 -5.5% $83.01 27,389 18 Sep 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 -25% $0.000000 533 15 Sep 2023 Class A Common Stock 177 Direct F3, F4
transaction OKTA Restricted Stock Units Options Exercise $0 -104 -17% $0.000000 519 15 Sep 2023 Class A Common Stock 104 Direct F3, F5
transaction OKTA Restricted Stock Units Options Exercise $0 -169 -14% $0.000000 1,011 15 Sep 2023 Class A Common Stock 169 Direct F3, F6
transaction OKTA Restricted Stock Units Options Exercise $0 -316 -10% $0.000000 2,844 15 Sep 2023 Class A Common Stock 316 Direct F3, F7
transaction OKTA Restricted Stock Units Options Exercise $0 -108 -9.1% $0.000000 1,082 15 Sep 2023 Class A Common Stock 108 Direct F3, F8
transaction OKTA Restricted Stock Units Options Exercise $0 -4,445 -9.1% $0.000000 44,454 15 Sep 2023 Class A Common Stock 4,445 Direct F3, F9
holding OKTA Employee Stock Option (Right to Buy) 14,167 15 Sep 2023 Class B Common Stock 14,167 $8.62 Direct F10
holding OKTA Employee Stock Option (Right to Buy) 9,000 15 Sep 2023 Class B Common Stock 9,000 $8.73 Direct F10
holding OKTA Employee Stock Option (Right to Buy) 5,000 15 Sep 2023 Class B Common Stock 5,000 $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