Jacques Frederic Kerrest - 15 Dec 2023 Form 4 Insider Report for Okta, Inc. (OKTA)

Role
Director
Signature
/s/ Larissa Schwartz, attorney-in-fact of the Reporting Person
Issuer symbol
OKTA
Transactions as of
15 Dec 2023
Net transactions value
-$138,495
Form type
4
Filing time
19 Dec 2023, 17:05:59 UTC
Previous filing
15 Dec 2023
Next filing
19 Mar 2024
SEC
View on sec.gov

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Quoteable Key Fact

"Jacques Frederic Kerrest filed Form 4 for Okta, Inc. (OKTA) on 19 Dec 2023."

Quick Takeaways

  • This page summarizes Jacques Frederic Kerrest's Form 4 filing for Okta, Inc. (OKTA).
  • 10 reported transactions and 14 derivative rows are listed below.
  • Filing timestamp: 19 Dec 2023, 17:05.

What Changed

  • Previous filing in this sequence was filed on 15 Dec 2023.
  • Current net transaction value: -$138,495.

Why This Matters

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Official SEC Source

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OKTA Class A Common Stock Options Exercise $0 +2,058 +342% $0.000000 2,659 15 Dec 2023 Direct
transaction OKTA Class A Common Stock Sale $62,831 -754 -28% $83.33 1,905 18 Dec 2023 Direct F1, F2
transaction OKTA Class A Common Stock Options Exercise $0 +1,849 +97% $0.000000 3,754 15 Dec 2023 Direct
transaction OKTA Class A Common Stock Sale $52,165 -626 -17% $83.33 3,128 18 Dec 2023 Direct F1, F2
transaction OKTA Class A Common Stock Options Exercise $0 +843 +27% $0.000000 3,971 15 Dec 2023 Direct
transaction OKTA Class A Common Stock Sale $23,499 -282 -7.1% $83.33 3,689 18 Dec 2023 Direct F1, F2
transaction OKTA Class A Common Stock Gift $0 -8,800 -100% $0.000000* 0 19 Dec 2023 By Trust F3

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 -2,058 -50% $0.000000 2,058 15 Dec 2023 Class A Common Stock 2,058 Direct F4, F5, F6
transaction OKTA Restricted Stock Units Options Exercise $0 -1,849 -17% $0.000000 9,249 15 Dec 2023 Class A Common Stock 1,849 Direct F4, F6, F7
transaction OKTA Restricted Stock Units Options Exercise $0 -843 -10% $0.000000 7,582 15 Dec 2023 Class A Common Stock 843 Direct F4, F6, F8
holding OKTA Class B Common Stock 1,153,387 15 Dec 2023 Class A Common Stock 1,153,387 By Trust F9
holding OKTA Class B Common Stock 115,376 15 Dec 2023 Class A Common Stock 115,376 By Trust F9
holding OKTA Class B Common Stock 257,668 15 Dec 2023 Class A Common Stock 257,668 By Trust F9
holding OKTA Employee Stock Option (Right to Buy) 12,707 15 Dec 2023 Class B Common Stock 12,707 $3.11 Direct F10
holding OKTA Employee Stock Option (Right to Buy) 235,953 15 Dec 2023 Class B Common Stock 235,953 $7.17 Direct F10
holding OKTA Employee Stock Option (Right to Buy) 988,852 15 Dec 2023 Class B Common Stock 988,852 $8.97 Direct F10
holding OKTA Employee Stock Option (Right to Buy) 114,000 15 Dec 2023 Class A Common Stock 114,000 $39.21 Direct F10
holding OKTA Employee Stock Option (Right to Buy) 71,547 15 Dec 2023 Class A Common Stock 71,547 $82.16 Direct F6, F11
holding OKTA Employee Stock Option (Right to Buy) 41,673 15 Dec 2023 Class A Common Stock 41,673 $142.47 Direct F6, F10
holding OKTA Employee Stock Option (Right to Buy) 13,263 15 Dec 2023 Class A Common Stock 13,263 $274.96 Direct F6, F10
holding OKTA Employee Stock Option (Right to Buy) 26,527 15 Dec 2023 Class A Common Stock 26,527 $274.96 Direct F6, 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 $82.55 to $84.12, 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 The transaction reported involved a gift by the Trust of 8,800 shares of Class A Common Stock to the American Endowment Foundation FBO Kerrest Family Foundation, a donor advised fund.
F4 Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock.
F5 25% of the shares underlying the RSU vested on March 15, 2020, and the remaining shares underlying the RSU shall vest in 12 equal quarterly installments thereafter, subject to the Reporting Person's continuous service with the Issuer on each such date.
F6 As previously disclosed in the Issuer's Form 8-Ks filed with the Securities and Exchange Commission on August 31, 2022 and August 30, 2023, the Reporting Person was on sabbatical from November 1, 2022 through October 31, 2023, during which time the vesting of the Reporting Person's equity awards, including the stock options and RSUs reported in this Form 4, were tolled; however, such equity awards remained outstanding in accordance with their terms. Following the conclusion of the Reporting Person's sabbatical, the Reporting Person did not return as an employee, but continues to serve as a member of the Company's board of directors as Vice Chairman. In connection with the foregoing, the Reporting Person agreed to forfeit 76,549 stock options that are out of the money, and his remaining RSUs and stock options continue to vest in accordance with their original terms.
F7 25% of the shares underlying the RSU vested on March 15, 2021, and the remaining shares underlying the RSU shall vest in 12 equal quarterly installments thereafter, subject to the Reporting Person's continuous service with the Issuer on each such date.
F8 25% of the shares underlying the RSU vested on March 15, 2022, and the remaining shares underlying the RSU shall vest in 12 equal quarterly installments thereafter, subject to the Reporting Person's continuous service with the Issuer on each such date.
F9 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.
F10 The shares subject to the option are fully vested and exercisable by the Reporting Person.
F11 25% of the shares subject to the option vested on February 1, 2020 and the remaining shares subject to the option shall vest in 36 equal monthly installments thereafter, subject to the Reporting Person's continuous service with the Issuer through each vesting date.

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