Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Okta, Inc. Director's Dealing 2024

Dec 4, 2024

30365_dirs_2024-12-04_4874101e-c458-44ba-8589-65cf5f74de8a.zip

Director's Dealing

Open in viewer

Opens in your device viewer

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Okta, Inc. (OKTA)
CIK: 0001660134
Period of Report: 2024-12-02

Reporting Person: Kerrest Jacques Frederic (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2024-12-02 Class A Common Stock C 131426 Acquired 133048 Direct
2024-12-02 Class A Common Stock S 117746 $80.6218 Disposed 15302 Direct
2024-12-02 Class A Common Stock S 13680 $81.1396 Disposed 1622 Direct
2024-12-03 Class A Common Stock C 37909 Acquired 39531 Direct
2024-12-03 Class A Common Stock S 37268 $80.4117 Disposed 2263 Direct
2024-12-03 Class A Common Stock S 641 $81.204 Disposed 1622 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2024-12-02 Employee Stock Option (Right to Buy) $7.17 M 131426 Disposed 2025-08-27 Class B Common Stock (131426) Direct
2024-12-02 Class B Common Stock $ M 131426 Acquired Class A Common Stock (131426) Direct
2024-12-02 Class B Common Stock $ C 131426 Disposed Class A Common Stock (131426) Direct
2024-12-03 Employee Stock Option (Right to Buy) $7.17 M 37909 Disposed 2025-08-27 Class B Common Stock (37909) Direct
2024-12-03 Class B Common Stock $ M 37909 Acquired Class A Common Stock (37909) Direct
2024-12-03 Class B Common Stock $ C 37909 Disposed Class A Common Stock (37909) Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Employee Stock Option (Right to Buy) $8.97 2026-07-29 Class B Common Stock (988852) 988852 Direct
Employee Stock Option (Right to Buy) $39.21 2028-03-21 Class A Common Stock (114000) 114000 Direct
Employee Stock Option (Right to Buy) $82.16 2029-03-24 Class A Common Stock (71547) 71547 Direct
Employee Stock Option (Right to Buy) $142.47 2030-04-14 Class A Common Stock (41673) 41673 Direct
Employee Stock Option (Right to Buy) $274.96 2031-04-21 Class A Common Stock (13263) 13263 Direct
Employee Stock Option (Right to Buy) $274.96 2031-04-21 Class A Common Stock (26527) 26527 Direct
Restricted Stock Units $ Class A Common Stock (3700) 3700 Direct
Restricted Stock Units $ Class A Common Stock (5055) 5055 Direct
Restricted Stock Units $ Class A Common Stock (2832) 2832 Direct
Class B Common Stock $ Class A Common Stock (1132387) 1132387 Indirect
Class B Common Stock $ Class A Common Stock (136376) 136376 Indirect
Class B Common Stock $ Class A Common Stock (257668) 257668 Indirect

Footnotes

F1: 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.

F2: This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 6, 2024.

F3: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $80.00 to $80.995 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the U.S. Securities and Exchange Commission (the "SEC") , upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F4: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $81.00 to $81.41 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F5: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $80.00 to $80.935 per share, inclusive. The Reporting Person undertakes to
provide to the Issuer, any security holder of the Issuer, or to the staff of the SEC, 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 $81.00 to $81.295 per share, inclusive. The Reporting Person undertakes to
provide to the Issuer, any security holder of the Issuer, or to the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this
footnote.

F7: The shares subject to the option are fully vested and exercisable by the Reporting Person.

F8: Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock.

F9: 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, and subject to tolling from November 1, 2022 through October 31, 2023 per a Sabbatical Agreement between the Reporting Person and the Issuer.

F10: 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, and subject to tolling from November 1, 2022 through October 31, 2023 per a Sabbatical Agreement between the Reporting Person and the Issuer.

F11: The RSUs vest in full on the earlier of June 20, 2025 or the date immediately prior to the Issuer's next regular annual stockholders meeting, subject to the Reporting Person's continued service to the Issuer through such vesting date.