Okta, Inc. — Director's Dealing 2020

Mar 18, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Okta, Inc. (OKTA)
CIK: 0001660134
Period of Report: 2020-03-15

Reporting Person: Losch William E (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-03-15	Class A Common Stock	M	1691	$0.00	Acquired	14253	Direct
2020-03-16	Class A Common Stock	S	921	$97.6704	Disposed	13332	Direct
2020-03-15	Class A Common Stock	M	2207	$0.00	Disposed	15539	Direct
2020-03-16	Class A Common Stock	S	1201	$97.6704	Disposed	14338	Direct
2020-03-15	Class A Common Stock	M	5239	$0.00	Acquired	19577	Direct
2020-03-16	Class A Common Stock	S	2851	$97.6704	Disposed	16726	Direct
2020-03-16	Class A Common Stock	C	30000	$0.00	Acquired	46726	Direct
2020-03-16	Class A Common Stock	S	600	$88.8167	Disposed	46126	Direct
2020-03-16	Class A Common Stock	S	700	$90.5657	Disposed	45426	Direct
2020-03-16	Class A Common Stock	S	1000	$93.296	Disposed	44426	Direct
2020-03-16	Class A Common Stock	S	1100	$94.2864	Disposed	43326	Direct
2020-03-16	Class A Common Stock	S	2537	$95.9689	Disposed	40789	Direct
2020-03-16	Class A Common Stock	S	4205	$96.798	Disposed	36584	Direct
2020-03-16	Class A Common Stock	S	2101	$97.8061	Disposed	34483	Direct
2020-03-16	Class A Common Stock	S	1713	$98.9719	Disposed	32770	Direct
2020-03-16	Class A Common Stock	S	6744	$100.0016	Disposed	26026	Direct
2020-03-16	Class A Common Stock	S	7300	$100.7167	Disposed	18726	Direct
2020-03-16	Class A Common Stock	S	1600	$101.8775	Disposed	17126	Direct
2020-03-16	Class A Common Stock	S	400	$102.67	Disposed	16726	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-03-15	Restricted Stock Units	$	A	1691	Acquired		Class A Common Stock (1691)	Direct
2020-03-15	Restricted Stock Units	$	M	1691	Disposed		Class A Common Stock (1691)	Direct
2020-03-15	Restricted Stock Units	$	M	2207	Disposed		Class A Common Stock (2207)	Direct
2020-03-15	Restricted Stock Units	$	M	5239	Disposed		Class A Common Stock (5239)	Direct
2020-03-16	Employee Stock Option (Right to Buy)	$8.97	M	30000	Disposed	2026-07-29	Class B Common Stock (30000)	Direct
2020-03-16	Class B Common Stock	$	M	30000	Acquired		Class A Common Stock (30000)	Direct
2020-03-16	Class B Common Stock	$	C	30000	Disposed		Class A Common Stock (30000)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (Right to Buy)	$1.40	2023-08-29	Class B Common Stock (27820)	27820	Direct
Employee Stock Option (Right to Buy)	$39.21	2028-03-21	Class A Common Stock (81500)	81500	Direct
Employee Stock Option (Right to Buy)	$82.16	2029-03-24	Class A Common Stock (45530)	45530	Direct
Class B Common Stock	$		Class A Common Stock (489886)	489886	Indirect

Footnotes

F1: 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.

F2: 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.

F3: 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.

F4: This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.

F5: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $88.67 to $89.10 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to 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.

F6: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $90.27 to $90.72 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to 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.

F7: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $92.68 to $93.64 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to 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.

F8: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $93.76 to $94.66 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to 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.

F9: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $95.24 to $96.18 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to 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.

F10: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $96.32 to $97.26 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to 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.

F11: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $97.42 to $98.40 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to 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.

F12: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $98.45 to $99.43 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to 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.

F13: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $99.45 to $100.38 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to 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.

F14: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $100.46 to $100.97 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to 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.

F15: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $101.52 to $102.29 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to 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.

F16: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $102.61 to $102.73 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to 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.

F17: Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock.

F18: 100% of the shares underlying the RSU vested on March 15, 2020.

F19: 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.

F20: 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.

F21: 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.

F22: The shares subject to the option are fully vested and exercisable by the Reporting Person.

F23: 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 on each such date.

F24: 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 on each such date.