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Filing Details

Accession Number:: 0001209191-20-043325
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-07-22 17:06:32
Reporting Period:: 2020-07-20

Accepted Time:: 2020-07-22 17:06:32
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

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Acquisiton	2020-07-20	31,240	$0.00	31,240	No	4	C	Indirect	By Trust
Class A Common Stock	Disposition	2020-07-20	1,060	$204.82	30,180	No	4	S	Indirect	By Trust
Class A Common Stock	Disposition	2020-07-20	941	$205.88	29,239	No	4	S	Indirect	By Trust
Class A Common Stock	Disposition	2020-07-20	2,601	$207.06	26,638	No	4	S	Indirect	By Trust
Class A Common Stock	Disposition	2020-07-20	1,920	$208.17	24,718	No	4	S	Indirect	By Trust
Class A Common Stock	Disposition	2020-07-20	1,840	$209.31	22,878	No	4	S	Indirect	By Trust
Class A Common Stock	Disposition	2020-07-20	7,081	$210.25	15,797	No	4	S	Indirect	By Trust
Class A Common Stock	Disposition	2020-07-20	4,356	$211.13	11,441	No	4	S	Indirect	By Trust
Class A Common Stock	Disposition	2020-07-20	9,683	$212.29	1,758	No	4	S	Indirect	By Trust
Class A Common Stock	Disposition	2020-07-20	1,758	$213.05	0	No	4	S	Indirect	By Trust
Class A Common Stock	Acquisiton	2020-07-20	369,480	$0.00	369,480	No	4	C	Indirect	By Trust
Class A Common Stock	Disposition	2020-07-20	8,763	$204.74	360,717	No	4	S	Indirect	By Trust
Class A Common Stock	Disposition	2020-07-20	11,041	$205.53	349,676	No	4	S	Indirect	By Trust
Class A Common Stock	Disposition	2020-07-20	20,238	$206.66	329,438	No	4	S	Indirect	By Trust
Class A Common Stock	Disposition	2020-07-20	28,500	$207.59	300,938	No	4	S	Indirect	By Trust
Class A Common Stock	Disposition	2020-07-20	13,493	$208.59	287,445	No	4	S	Indirect	By Trust
Class A Common Stock	Disposition	2020-07-20	49,231	$209.73	238,214	No	4	S	Indirect	By Trust
Class A Common Stock	Disposition	2020-07-20	82,093	$210.60	156,121	No	4	S	Indirect	By Trust
Class A Common Stock	Disposition	2020-07-20	56,970	$211.73	99,151	No	4	S	Indirect	By Trust
Class A Common Stock	Disposition	2020-07-20	89,738	$212.50	9,413	No	4	S	Indirect	By Trust
Class A Common Stock	Disposition	2020-07-20	9,413	$213.43	0	No	4	S	Indirect	By Trust
Class A Common Stock	Disposition	2020-07-20	250	$210.73	10,047	No	4	S	Direct
Class A Common Stock	Disposition	2020-07-20	1,277	$212.08	8,770	No	4	S	Direct
Class A Common Stock	Disposition	2020-07-20	1,100	$212.63	7,670	No	4	S	Direct
Class A Common Stock	Disposition	2020-07-20	128	$213.56	7,542	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	S	Indirect	By Trust
No	4	S	Indirect	By Trust
No	4	S	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	S	Indirect	By Trust
No	4	S	Indirect	By Trust
No	4	S	Indirect	By Trust
No	4	S	Indirect	By Trust
No	4	S	Indirect	By Trust
No	4	S	Indirect	By Trust
No	4	S	Indirect	By Trust
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Class B Common Stock	Disposition	2020-07-20	31,240	$0.00	31,240	$0.00
Class A Common Stock	Class B Common Stock	Disposition	2020-07-20	369,480	$0.00	369,480	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
267,802			No	4	C	Indirect
1,253,265			No	4	C	Indirect

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
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	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	Restricted Stock Units	$0.00		21,613	21,613	Direct
Class A Common Stock	Restricted Stock Units	$0.00		22,637	22,637	Direct
Class A Common Stock	Restricted Stock Units	$0.00		1,909	1,909	Direct
Class A Common Stock	Restricted Stock Units	$0.00		29,595	29,595	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
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
2029-03-24	71,547	71,547	Direct
2030-04-14	62,511	62,511	Direct
	21,613	21,613	Direct
	22,637	22,637	Direct
	1,909	1,909	Direct
	29,595	29,595	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 $204.285 to $205.27 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 $205.40 to $206.29 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.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $206.51 to $207.50 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 $207.72 to $208.66 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.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $208.72 to $209.67 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 $209.74 to $210.73 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.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $210.74 to $211.71 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 $211.74 to $212.72 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.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $212.74 to $213.60 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 $204.11 to $205.10 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.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $205.11 to $206.01 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 $206.13 to $207.12 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 $207.13 to $208.125 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 $208.13 to $209.12 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 $209.13 to $210.125 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 $210.13 to $211.12 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 $211.13 to $212.12 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 $212.13 to $213.11 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 $213.13 to $213.655 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 $210.35 to $211.34 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 $211.45 to $212.44 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 $212.45 to $213.16 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 $213.47 to $213.60 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 shares subject to the option are fully vested and 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 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.
25% of the shares subject to the option shall vest 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 on each such date.
Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock.
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.
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.
17% of the shares underlying the RSU vested on June 15, 2020, 33% of the shares underlying the RSU shall vest on September 15, 2020, 39% of the shares underlying the RSU shall vest on December 15, 2020, and the remaining 11% of the shares underlying the RSU shall vest on March 15, 2021, subject to the Reporting Person's continuous employment with the Issuer on each such date.
25% of the shares underlying the RSU shall vest 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.