Larissa Schwartz - Oct 13, 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
Oct 13, 2023
Transactions value $
-$304,237
Form type
4
Date filed
10/17/2023, 05:34 PM
Previous filing
Sep 19, 2023
Next filing
Nov 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OKTA Class A Common Stock Sale -$304K -3.58K -13.06% $85.03 23.8K Oct 13, 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 533 Oct 13, 2023 Class A Common Stock 533 Direct F2, F3
holding OKTA Restricted Stock Units 519 Oct 13, 2023 Class A Common Stock 519 Direct F2, F4
holding OKTA Restricted Stock Units 1.01K Oct 13, 2023 Class A Common Stock 1.01K Direct F2, F5
holding OKTA Restricted Stock Units 2.84K Oct 13, 2023 Class A Common Stock 2.84K Direct F2, F6
holding OKTA Restricted Stock Units 1.08K Oct 13, 2023 Class A Common Stock 1.08K Direct F2, F7
holding OKTA Restricted Stock Units 44.5K Oct 13, 2023 Class A Common Stock 44.5K Direct F2, F8
holding OKTA Employee Stock Option (Right to Buy) 14.2K Oct 13, 2023 Class B Common Stock 14.2K $8.62 Direct F9
holding OKTA Employee Stock Option (Right to Buy) 9K Oct 13, 2023 Class B Common Stock 9K $8.73 Direct F9
holding OKTA Employee Stock Option (Right to Buy) 5K Oct 13, 2023 Class B Common Stock 5K $11.36 Direct F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on July 14, 2023.
F2 Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock.
F3 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.
F4 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.
F5 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.
F6 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.
F7 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.
F8 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.
F9 The shares subject to the option are fully vested and exercisable by the Reporting Person.

Remarks:

Chief Legal Officer and Secretary