Larissa Schwartz - Mar 11, 2024 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
Mar 11, 2024
Transactions value $
$0
Form type
4
Date filed
3/13/2024, 05:14 PM
Previous filing
Jan 18, 2024
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 +8.76K +39.58% $0.00 30.9K 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 355 Mar 11, 2024 Class A Common Stock 355 Direct F3, F4
holding OKTA Restricted Stock Units 415 Mar 11, 2024 Class A Common Stock 415 Direct F3, F5
holding OKTA Restricted Stock Units 843 Mar 11, 2024 Class A Common Stock 843 Direct F3, F6
holding OKTA Restricted Stock Units 2.53K Mar 11, 2024 Class A Common Stock 2.53K Direct F3, F7
holding OKTA Restricted Stock Units 974 Mar 11, 2024 Class A Common Stock 974 Direct F3, F8
holding OKTA Restricted Stock Units 40K Mar 11, 2024 Class A Common Stock 40K Direct F3, F9
holding OKTA Employee Stock Option (Right to Buy) 14.2K Mar 11, 2024 Class B Common Stock 14.2K $8.62 Direct F10
holding OKTA Employee Stock Option (Right to Buy) 9K Mar 11, 2024 Class B Common Stock 9K $8.73 Direct F10
holding OKTA Employee Stock Option (Right to Buy) 5K Mar 11, 2024 Class B Common Stock 5K $11.36 Direct F10
* 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 8,758 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 8,758 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 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.
F5 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.
F6 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.
F7 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.
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 The shares subject to the option are fully vested and exercisable by the Reporting Person.

Remarks:

Chief Legal Officer and Secretary