Brett Tighe - Sep 15, 2023 Form 4 Insider Report for Okta, Inc. (OKTA)

Signature
/s/ Alan Smith, attorney-in-fact of the Reporting Person
Stock symbol
OKTA
Transactions as of
Sep 15, 2023
Transactions value $
-$402,253
Form type
4
Date filed
9/19/2023, 06:10 PM
Previous filing
Jun 20, 2023
Next filing
Dec 19, 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 +301 +0.53% $0.00 56.8K Sep 15, 2023 Direct F1
transaction OKTA Class A Common Stock Sale -$11.6K -140 -0.25% $83.01 56.6K Sep 18, 2023 Direct F2, F3
transaction OKTA Class A Common Stock Options Exercise $0 +415 +0.73% $0.00 57K Sep 15, 2023 Direct
transaction OKTA Class A Common Stock Sale -$15.8K -190 -0.33% $83.01 56.8K Sep 18, 2023 Direct F2, F3
transaction OKTA Class A Common Stock Options Exercise $0 +202 +0.36% $0.00 57K Sep 15, 2023 Direct
transaction OKTA Class A Common Stock Sale -$7.64K -92 -0.16% $83.01 56.9K Sep 18, 2023 Direct F2, F3
transaction OKTA Class A Common Stock Options Exercise $0 +4.58K +8.04% $0.00 61.5K Sep 15, 2023 Direct
transaction OKTA Class A Common Stock Sale -$158K -1.91K -3.1% $83.01 59.6K Sep 18, 2023 Direct F2, F3
transaction OKTA Class A Common Stock Options Exercise $0 +6.3K +10.56% $0.00 65.9K Sep 15, 2023 Direct
transaction OKTA Class A Common Stock Sale -$209K -2.52K -3.82% $83.01 63.4K Sep 18, 2023 Direct F2, F3
holding OKTA Class A Common Stock 1.25K Sep 15, 2023 By Trust

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 -301 -24.94% $0.00 906 Sep 15, 2023 Class A Common Stock 301 Direct F4, F5
transaction OKTA Restricted Stock Units Options Exercise $0 -415 -16.67% $0.00 2.08K Sep 15, 2023 Class A Common Stock 415 Direct F4, F6
transaction OKTA Restricted Stock Units Options Exercise $0 -202 -14.27% $0.00 1.21K Sep 15, 2023 Class A Common Stock 202 Direct F4, F7
transaction OKTA Restricted Stock Units Options Exercise $0 -4.58K -9.09% $0.00 45.8K Sep 15, 2023 Class A Common Stock 4.58K Direct F4, F8
transaction OKTA Restricted Stock Units Options Exercise $0 -6.3K -9.09% $0.00 63K Sep 15, 2023 Class A Common Stock 6.3K Direct F4, F9
holding OKTA Class B Common Stock 69K Sep 15, 2023 Class A Common Stock 69K By Trust F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 368 shares of Class A Common Stock acquired under a Section 423 Employee Stock Purchase Plan.
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 $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.
F4 Each Restricted Stock Unit ("RSU") represents the right to receive one share of Class A Common Stock.
F5 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.
F6 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.
F7 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.
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 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.