Larissa Schwartz - 05 Dec 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
05 Dec 2023
Net transactions value
-$80,798
Form type
4
Filing time
07 Dec 2023, 17:13:23 UTC
Previous filing
08 Nov 2023
Next filing
19 Dec 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 Sale $80,798 -1,125 -5.2% $71.82 20,352 05 Dec 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 05 Dec 2023 Class A Common Stock 533 Direct F2, F3
holding OKTA Restricted Stock Units 519 05 Dec 2023 Class A Common Stock 519 Direct F2, F4
holding OKTA Restricted Stock Units 1,011 05 Dec 2023 Class A Common Stock 1,011 Direct F2, F5
holding OKTA Restricted Stock Units 2,844 05 Dec 2023 Class A Common Stock 2,844 Direct F2, F6
holding OKTA Restricted Stock Units 1,082 05 Dec 2023 Class A Common Stock 1,082 Direct F2, F7
holding OKTA Restricted Stock Units 44,454 05 Dec 2023 Class A Common Stock 44,454 Direct F2, F8
holding OKTA Employee Stock Option (Right to Buy) 14,167 05 Dec 2023 Class B Common Stock 14,167 $8.62 Direct F9
holding OKTA Employee Stock Option (Right to Buy) 9,000 05 Dec 2023 Class B Common Stock 9,000 $8.73 Direct F9
holding OKTA Employee Stock Option (Right to Buy) 5,000 05 Dec 2023 Class B Common Stock 5,000 $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