Home > Insider Trading > Filing (0001209191-20-020040)

Filing Details

Accession Number:: 0001209191-20-020040
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-03-18 17:06:19
Reporting Period:: 2020-03-15

Accepted Time:: 2020-03-18 17:06:19
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1660134	Okta Inc.	OKTA	Services-Prepackaged Software (7372)	264175727

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1700842	Frederic Jacques Kerrest	C/O Okta, Inc. 100 First St, Suite 600 San Francisco CA 94105	See Remarks	Yes	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Disposition	2020-03-13	7,976	$0.00	0	No	5	G	Indirect	By Trust
Class A Common Stock	Acquisiton	2020-03-15	1,747	$0.00	1,834	No	4	M	Direct
Class A Common Stock	Disposition	2020-03-16	951	$97.67	883	No	4	S	Direct
Class A Common Stock	Acquisiton	2020-03-15	3,088	$0.00	3,971	No	4	M	Direct
Class A Common Stock	Disposition	2020-03-16	1,207	$97.67	2,764	No	4	S	Direct
Class A Common Stock	Acquisiton	2020-03-15	8,232	$0.00	10,996	No	4	M	Direct
Class A Common Stock	Disposition	2020-03-16	3,454	$97.67	7,542	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	5	G	Indirect	By Trust
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

Show Other Fields >>

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Class B Common Stock	Disposition	2020-03-13	31,097	$0.00	31,097	$0.00
Class A Common Stock	Restricted Stock Units	Acquisiton	2020-03-15	1,747	$0.00	1,747	$0.00
Class A Common Stock	Restricted Stock Units	Disposition	2020-03-15	1,747	$0.00	1,747	$0.00
Class A Common Stock	Restricted Stock Units	Disposition	2020-03-15	3,088	$0.00	3,088	$0.00
Class A Common Stock	Restricted Stock Units	Disposition	2020-03-15	8,232	$0.00	8,232	$0.00

Remaning Holdings	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	No	5	G	Indirect
1,747	No	4	A	Direct
0	No	4	M	Direct
24,700	No	4	M	Direct
24,694	No	4	M	Direct

Reported Derivative Holdings

Show Other Fields >>

Sec. Name	Sec. Type	Price	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Class A Common Stock	Class B Common Stock	$0.00		1,622,745	1,622,745	Indirect
Class A Common Stock	Class B Common Stock	$0.00		299,042	299,042	Indirect
Class B Common Stock	Employee Stock Option (Right to Buy)	$1.40	2023-08-29	75,000	75,000	Direct
Class B Common Stock	Employee Stock Option (Right to Buy)	$3.11	2024-08-26	75,000	75,000	Direct
Class B Common Stock	Employee Stock Option (Right to Buy)	$7.17	2025-08-27	250,000	250,000	Direct
Class B Common Stock	Employee Stock Option (Right to Buy)	$8.97	2026-07-29	1,000,000	1,000,000	Direct
Class A Common Stock	Employee Stock Option (Right to Buy)	$39.21	2028-03-21	114,000	114,000	Direct
Class A Common Stock	Employee Stock Option (Right to Buy)	$82.16	2029-03-24	71,547	71,547	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	1,622,745	1,622,745	Indirect
	299,042	299,042	Indirect
2023-08-29	75,000	75,000	Direct
2024-08-26	75,000	75,000	Direct
2025-08-27	250,000	250,000	Direct
2026-07-29	1,000,000	1,000,000	Direct
2028-03-21	114,000	114,000	Direct
2029-03-24	71,547	71,547	Direct

Footnotes

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.
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 $88.67 to $103.14, 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 (2) with regard to the block trade.
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.
Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock.
100% of the shares underlying the RSU vested on March 15, 2020.
25% of the shares underlying the RSU vested on March 15, 2019, 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.
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 employment with the Issuer on each such date.
The shares subject to the option are fully vested and exercisable by the Reporting Person.
20% of the shares subject to the option vested on July 29, 2017, 20% of the shares subject to the option vested on July 29, 2018, 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. The option is early exercisable by the Reporting Person.
25% of the shares subject to the option vested on February 1, 2019 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 through each vesting date.
25% of the shares subject to the option shall vest 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 employment with the Issuer through each vesting date.