Filing Details

Accession Number:
0001209191-23-050046
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-09-19 18:06:03
Reporting Period:
2023-09-15
Accepted Time:
2023-09-19 18:06:03
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
1940985 Shibu Ninan 100 First Street, Suite 600
San Francisco CA 94105
Chief Accounting Officer No 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 2023-09-15 8,784 $0.00 9,920 No 4 M Direct
Class A Common Stock Disposition 2023-09-18 3,086 $83.01 6,834 No 4 S Direct
Class A Common Stock Acquisiton 2023-09-15 556 $0.00 7,390 No 4 M Direct
Class A Common Stock Disposition 2023-09-18 196 $83.01 7,194 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
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Stock Restricted Stock Units Disposition 2023-09-15 8,784 $0.00 8,784 $0.00
Class A Common Stock Restricted Stock Units Disposition 2023-09-15 556 $0.00 556 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
26,350 No 4 M Direct
5,557 No 4 M Direct
Footnotes
  1. Includes 497 shares of Class A Common Stock acquired under a Section 423 Employee Stock Purchase Plan.
  2. 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.
  3. 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 $82.25 to $83.75, 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 with regard to the block trade.
  4. Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock.
  5. 25% of the shares underlying the RSU vested on September 15, 2023, 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. 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.