Jacques Frederic Kerrest - 15 Mar 2024 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 Mar 2024
Net transactions value
$0
Form type
4
Filing time
19 Mar 2024, 18:02:27 UTC
Previous filing
19 Dec 2023
Next filing
12 Jun 2024
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 Options Exercise $0 +2,058 +56% $0.000000 5,747 15 Mar 2024 Direct
transaction OKTA Class A Common Stock Tax liability $0 -1,047 -18% $0.000000 4,700 15 Mar 2024 Direct
transaction OKTA Class A Common Stock Options Exercise $0 +1,850 +39% $0.000000 6,550 15 Mar 2024 Direct
transaction OKTA Class A Common Stock Tax liability $0 -849 -13% $0.000000 5,701 15 Mar 2024 Direct
transaction OKTA Class A Common Stock Options Exercise $0 +842 +15% $0.000000 6,543 15 Mar 2024 Direct
transaction OKTA Class A Common Stock Tax liability $0 -372 -5.7% $0.000000 6,171 15 Mar 2024 Direct

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 -100% $0.000000* 0 15 Mar 2024 Class A Common Stock 2,058 Direct F1, F2, F3
transaction OKTA Restricted Stock Units Options Exercise $0 -1,850 -20% $0.000000 7,399 15 Mar 2024 Class A Common Stock 1,850 Direct F1, F2, F4
transaction OKTA Restricted Stock Units Options Exercise $0 -842 -11% $0.000000 6,740 15 Mar 2024 Class A Common Stock 842 Direct F1, F2, F5
holding OKTA Class B Common Stock 1,153,387 15 Mar 2024 Class A Common Stock 1,153,387 By Trust F6
holding OKTA Class B Common Stock 115,376 15 Mar 2024 Class A Common Stock 115,376 By Trust F6
holding OKTA Class B Common Stock 257,668 15 Mar 2024 Class A Common Stock 257,668 By Trust F6
holding OKTA Employee Stock Option (Right to Buy) 12,707 15 Mar 2024 Class B Common Stock 12,707 $3.11 Direct F7
holding OKTA Employee Stock Option (Right to Buy) 235,953 15 Mar 2024 Class B Common Stock 235,953 $7.17 Direct F7
holding OKTA Employee Stock Option (Right to Buy) 988,852 15 Mar 2024 Class B Common Stock 988,852 $8.97 Direct F7
holding OKTA Employee Stock Option (Right to Buy) 114,000 15 Mar 2024 Class A Common Stock 114,000 $39.21 Direct F7
holding OKTA Employee Stock Option (Right to Buy) 71,547 15 Mar 2024 Class A Common Stock 71,547 $82.16 Direct F2, F7
holding OKTA Employee Stock Option (Right to Buy) 41,673 15 Mar 2024 Class A Common Stock 41,673 $142.47 Direct F2, F7
holding OKTA Employee Stock Option (Right to Buy) 13,263 15 Mar 2024 Class A Common Stock 13,263 $274.96 Direct F2, F7
holding OKTA Employee Stock Option (Right to Buy) 26,527 15 Mar 2024 Class A Common Stock 26,527 $274.96 Direct F2, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock.
F2 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.
F3 The shares underlying the RSU fully vested on March 15, 2024.
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 service 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 service with the Issuer on each such date.
F6 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.
F7 The shares subject to the option are fully vested and exercisable by the Reporting Person.