Todd McKinnon - Mar 11, 2024 Form 4 Insider Report for Okta, Inc. (OKTA)

Role
Chief Executive Officer, Director
Signature
/s/ Larissa Schwartz, attorney-in-fact of the Reporting Person
Stock symbol
OKTA
Transactions as of
Mar 11, 2024
Transactions value $
$0
Form type
4
Date filed
3/13/2024, 05:13 PM
Previous filing
Dec 26, 2023
Next filing
Mar 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OKTA Class A Common Stock Award $0 +42K +420.62% $0.00 52K Mar 11, 2024 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
holding OKTA Restricted Stock Units 2.64K Mar 11, 2024 Class A Common Stock 2.64K Direct F3, F4
holding OKTA Restricted Stock Units 8.42K Mar 11, 2024 Class A Common Stock 8.42K Direct F3, F5
holding OKTA Restricted Stock Units 94.5K Mar 11, 2024 Class A Common Stock 94.5K Direct F3, F6
holding OKTA Class B Common Stock 5.53M Mar 11, 2024 Class A Common Stock 5.53M By Trust F7
holding OKTA Class B Common Stock 128K Mar 11, 2024 Class A Common Stock 128K By Trust F7
holding OKTA Employee Stock Option (Right to Buy) 181K Mar 11, 2024 Class B Common Stock 181K $7.17 Direct F8
holding OKTA Employee Stock Option (Right to Buy) 1.79M Mar 11, 2024 Class B Common Stock 1.79M $8.97 Direct F8
holding OKTA Employee Stock Option (Right to Buy) 5.44K Mar 11, 2024 Class A Common Stock 5.44K $39.21 Direct F8
holding OKTA Employee Stock Option (Right to Buy) 32.3K Mar 11, 2024 Class A Common Stock 32.3K $82.16 Direct F8
holding OKTA Employee Stock Option (Right to Buy) 48.4K Mar 11, 2024 Class A Common Stock 48.4K $142.47 Direct F8
holding OKTA Employee Stock Option (Right to Buy) 63.7K Mar 11, 2024 Class A Common Stock 63.7K $274.96 Direct F9
holding OKTA Employee Stock Option (Right to Buy) 127K Mar 11, 2024 Class A Common Stock 127K $274.96 Direct F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 21, 2023, the Reporting Person was granted Performance Stock Units ("PSUs"), the vesting of which is subject to the achievement of certain performance criteria and to a service-based vesting criteria. On March 11, 2024, the Compensation Committee of the Board of Directors determined that 42,020 shares of the Issuer's Class A Common Stock were earned as result of the achievement of the performance criteria, with vesting to occur once the service-based vesting criteria are satisfied on March 15, 2024.
F2 Includes 42,020 PSUs, with each PSU representing the right to receive one share of the Issuer's Class A Common Stock.
F3 Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock.
F4 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 employment with the Issuer on each such date.
F5 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 employment with the Issuer on each such date.
F6 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.
F7 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.
F8 The shares subject to the option are fully vested and exercisable by the Reporting Person.
F9 25% of the shares subject to the option vested on February 1, 2022, and the remaining shares subject to the option shall vest in 36 equal monthly installments thereafter, subject to the Reporting Person's continuous employment with the Issuer on each such date.