Filing Details

Accession Number:
0001209191-22-037955
Form Type:
4
Zero Holdings:
No
Publication Time:
2022-06-17 17:05:19
Reporting Period:
2022-06-15
Accepted Time:
2022-06-17 17:05:19
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
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Acquisiton 2022-06-15 2,058 $0.00 16,404 No 4 M Direct
Class A Common Stock Disposition 2022-06-16 1,098 $79.97 15,306 No 4 S Direct
Class A Common Stock Acquisiton 2022-06-15 1,850 $0.00 17,156 No 4 M Direct
Class A Common Stock Disposition 2022-06-16 987 $79.97 16,169 No 4 S Direct
Class A Common Stock Acquisiton 2022-06-15 842 $0.00 17,011 No 4 M Direct
Class A Common Stock Disposition 2022-06-16 450 $79.97 16,561 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
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
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Stock Restricted Stock Units Disposition 2022-06-15 2,058 $0.00 2,058 $0.00
Class A Common Stock Restricted Stock Units Disposition 2022-06-15 1,850 $0.00 1,850 $0.00
Class A Common Stock Restricted Stock Units Disposition 2022-06-15 842 $0.00 842 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
6,174 No 4 M Direct
12,948 No 4 M Direct
9,267 No 4 M Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Class A Common Stock Class B Common Stock $0.00 86,476 86,476 Indirect
Class A Common Stock Class B Common Stock $0.00 257,768 257,768 Indirect
Class A Common Stock Class B Common Stock $0.00 1,183,510 1,183,510 Indirect
Class B Common Stock Employee Stock Option (Right to Buy) $1.40 2023-08-29 3,572 3,572 Direct
Class B Common Stock Employee Stock Option (Right to Buy) $3.11 2024-08-26 42,812 42,812 Direct
Class B Common Stock Employee Stock Option (Right to Buy) $7.17 2025-08-27 236,053 236,053 Direct
Class B Common Stock Employee Stock Option (Right to Buy) $8.97 2026-07-29 988,852 988,852 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
Class A Common Stock Employee Stock Option (Right to Buy) $142.47 2030-04-14 62,511 62,511 Direct
Class A Common Stock Employee Stock Option (Right to Buy) $274.96 2031-04-21 31,834 31,834 Direct
Class A Common Stock Employee Stock Option (Right to Buy) $274.96 2031-04-21 63,667 63,667 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
86,476 86,476 Indirect
257,768 257,768 Indirect
1,183,510 1,183,510 Indirect
2023-08-29 3,572 3,572 Direct
2024-08-26 42,812 42,812 Direct
2025-08-27 236,053 236,053 Direct
2026-07-29 988,852 988,852 Direct
2028-03-21 114,000 114,000 Direct
2029-03-24 71,547 71,547 Direct
2030-04-14 62,511 62,511 Direct
2031-04-21 31,834 31,834 Direct
2031-04-21 63,667 63,667 Direct
Footnotes
  1. 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.
  2. 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 $78.32 to $83.73, inclusive. The Reporting Personundertakes 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 rangeset forth in this footnote (2) with regard to the block trade.
  3. Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock.
  4. 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.
  5. 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.
  6. 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.
  7. 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.
  8. The shares subject to the option are fully vested and exercisable by the Reporting Person.
  9. 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 employment with the Issuer through each vesting date.
  10. 25% of the shares subject to the option vested on February 1, 2021 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.
  11. 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 through each vesting date.