Filing Details
- Accession Number:
- 0001209191-19-020795
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2019-03-21 17:00:58
- Reporting Period:
- 2019-03-19
- Accepted Time:
- 2019-03-21 17:00:58
- 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 | Chief Operating Officer | 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 | 2019-03-19 | 1,784 | $0.00 | 1,784 | No | 4 | C | Indirect | By Trust |
| Class A Common Stock | Disposition | 2019-03-19 | 382 | $81.14 | 1,402 | No | 4 | S | Indirect | By Trust |
| Class A Common Stock | Disposition | 2019-03-19 | 1,302 | $82.06 | 100 | No | 4 | S | Indirect | By Trust |
| Class A Common Stock | Disposition | 2019-03-19 | 100 | $82.88 | 0 | No | 4 | S | Indirect | By Trust |
| Class A Common Stock | Acquisiton | 2019-03-19 | 300,848 | $0.00 | 300,848 | No | 4 | C | Indirect | By Trust |
| Class A Common Stock | Disposition | 2019-03-19 | 48,938 | $81.00 | 251,910 | No | 4 | S | Indirect | By Trust |
| Class A Common Stock | Disposition | 2019-03-19 | 190,444 | $81.82 | 61,466 | No | 4 | S | Indirect | By Trust |
| Class A Common Stock | Disposition | 2019-03-19 | 61,466 | $82.45 | 0 | No | 4 | S | Indirect | By Trust |
| Class A Common Stock | Acquisiton | 2019-03-19 | 25,348 | $0.00 | 25,348 | No | 4 | C | Indirect | By Trust |
| Class A Common Stock | Disposition | 2019-03-19 | 4,523 | $81.01 | 20,825 | No | 4 | S | Indirect | by Trust |
| Class A Common Stock | Disposition | 2019-03-19 | 16,324 | $81.85 | 4,501 | No | 4 | S | Indirect | By Trust |
| Class A Common Stock | Disposition | 2019-03-19 | 4,501 | $82.48 | 0 | No | 4 | S | Indirect | By Trust |
| Class A Common Stock | Acquisiton | 2019-03-19 | 3,237 | $0.00 | 11,213 | No | 4 | M | Direct | |
| Class A Common Stock | Disposition | 2019-03-20 | 1,573 | $80.93 | 9,640 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | C | Indirect | By Trust |
| No | 4 | S | Indirect | By Trust |
| No | 4 | S | Indirect | By Trust |
| No | 4 | S | Indirect | By Trust |
| No | 4 | C | Indirect | By Trust |
| No | 4 | S | Indirect | By Trust |
| No | 4 | S | Indirect | By Trust |
| No | 4 | S | Indirect | By Trust |
| No | 4 | C | Indirect | By Trust |
| No | 4 | S | Indirect | by Trust |
| No | 4 | S | Indirect | By Trust |
| No | 4 | S | Indirect | By Trust |
| 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 | Acquisiton | 2019-03-19 | 3,237 | $0.00 | 3,237 | $0.00 |
| Class A Common Stock | Restricted Stock Units | Disposition | 2019-03-19 | 3,237 | $0.00 | 3,237 | $0.00 |
| Class A Common Stock | Class B Common Stock | Disposition | 2019-03-19 | 1,784 | $0.00 | 1,784 | $0.00 |
| Class A Common Stock | Class B Common Stock | Disposition | 2019-03-19 | 300,848 | $0.00 | 300,848 | $0.00 |
| Class A Common Stock | Class B Common Stock | Disposition | 2019-03-19 | 25,348 | $0.00 | 25,348 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 3,237 | No | 4 | A | Direct | ||
| 0 | No | 4 | M | Direct | ||
| 48,766 | No | 4 | C | Indirect | ||
| 1,809,329 | No | 4 | C | Indirect | ||
| 154,247 | No | 4 | C | Indirect |
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 | 178,022 | 178,022 | Indirect | ||
| Class A Common Stock | Class B Common Stock | $0.00 | 11,427 | 11,427 | 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 | Restricted Stock Units | $0.00 | 37,050 | 37,050 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 178,022 | 178,022 | Indirect | |
| 11,427 | 11,427 | 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 |
| 37,050 | 37,050 | Direct |
Footnotes
- 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.
- This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.
- The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $80.64 to $81.53 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.
- The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $81.68 to $82.52 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.
- The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $80.23 to $81.22 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.
- The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $81.225 to $82.215 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.
- The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $82.22 to $83.07 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.
- The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $80.27 to $81.26 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.
- The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $81.27 to $82.26 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.
- The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $82.28 to $82.88 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.
- 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 reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $80.03 to $82.30 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.
- Each Restricted Stock Unit ("RSU") represents the right to receive one share of Class A Common Stock.
- 100% of the shares underlying the RSU vested on March 19, 2019.
- The shares subject to the option are fully vested and exercisable by the Reporting Person.
- 25% of the shares subject to the option vested on August 1, 2016, 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.
- 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 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.
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