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Filing Details

Accession Number:: 0001209191-20-050971
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-09-17 17:11:55
Reporting Period:: 2020-09-15

Accepted Time:: 2020-09-17 17:11:55
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
1788037	K Christopher Kramer	C/O Okta 100 First St, Suite 600 San Francisco CA 94105	Chief Accounting Officer	No	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
Class A Common Stock	Acquisiton	2020-09-15	2,865	$0.00	10,513	No	4	C	Direct
Class A Common Stock	Acquisiton	2020-09-15	11,454	$0.00	21,967	No	4	C	Direct
Class A Common Stock	Disposition	2020-09-15	16,887	$195.79	5,080	No	4	S	Direct
Class A Common Stock	Acquisiton	2020-09-15	767	$0.00	5,847	No	4	M	Direct
Class A Common Stock	Disposition	2020-09-16	386	$194.31	5,461	No	4	S	Direct
Class A Common Stock	Acquisiton	2020-09-15	1,121	$0.00	6,582	No	4	M	Direct
Class A Common Stock	Disposition	2020-09-16	563	$194.31	6,019	No	4	S	Direct
Class A Common Stock	Acquisiton	2020-09-15	349	$0.00	6,368	No	4	M	Direct
Class A Common Stock	Disposition	2020-09-16	176	$194.31	6,192	No	4	S	Direct
Class A Common Stock	Acquisiton	2020-09-15	353	$0.00	6,545	No	4	M	Direct
Class A Common Stock	Disposition	2020-09-16	178	$194.31	6,367	No	4	S	Direct
Class A Common Stock	Acquisiton	2020-09-15	349	$0.00	6,716	No	4	M	Direct
Class A Common Stock	Disposition	2020-09-16	176	$194.31	6,540	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	C	Direct
No	4	C	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct
No	4	M	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 B Common Stock	Employee Stock Option (Right to Buy)	Disposition	2020-09-15	2,865	$0.00	2,865	$7.17
Class A Common Stock	Class B Common Stock	Acquisiton	2020-09-15	2,865	$0.00	2,865	$0.00
Class A Common Stock	Class B Common Stock	Disposition	2020-09-15	2,865	$0.00	2,865	$0.00
Class B Common Stock	Employee Stock Option (Right to Buy)	Disposition	2020-09-15	11,454	$0.00	11,454	$8.73
Class A Common Stock	Class B Common Stock	Acquisiton	2020-09-15	11,454	$0.00	11,454	$0.00
Class A Common Stock	Class B Common Stock	Disposition	2020-09-15	11,454	$0.00	11,454	$0.00
Class A Common Stock	Restricted Stock Units	Disposition	2020-09-15	767	$0.00	767	$0.00
Class A Common Stock	Restricted Stock Units	Disposition	2020-09-15	1,121	$0.00	1,121	$0.00
Class A Common Stock	Restricted Stock Units	Disposition	2020-09-15	349	$0.00	349	$0.00
Class A Common Stock	Restricted Stock Units	Disposition	2020-09-15	353	$0.00	353	$0.00
Class A Common Stock	Restricted Stock Units	Disposition	2020-09-15	349	$0.00	349	$0.00

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2025-08-24	No	4	M	Direct
2,865		No	4	M	Direct
0		No	4	C	Direct
0	2026-06-01	No	4	M	Direct
11,454		No	4	M	Direct
0		No	4	C	Direct
2,303		No	4	M	Direct
7,853		No	4	M	Direct
3,849		No	4	M	Direct
1,056		No	4	M	Direct
527		No	4	M	Direct

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)	$9.74	2027-01-22	20,000	20,000	Direct
Class A Common Stock	Employee Stock Option (Right to Buy)	$103.69	2029-09-18	3,187	3,187	Direct
Class A Common Stock	Employee Stock Option (Right to Buy)	$142.47	2030-04-14	7,590	7,590	Direct
Class A Common Stock	Restricted Stock Units	$0.00		3,593	3,593	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2027-01-22	20,000	20,000	Direct
2029-09-18	3,187	3,187	Direct
2030-04-14	7,590	7,590	Direct
	3,593	3,593	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.
Includes 145 shares of Class A Common Stock acquired under a Section 423 Employee Stock Purchase Plan.
This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.
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 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 $191.43 to $196.48, 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 (5) with regard to the block trade.
The shares subject to the option are fully vested and exercisable by the Reporting Person.
Each Restricted Stock Unit ("RSU") represents the right to receive one share of Class A Common Stock.
25% of the shares underlying the RSU vested on June 15, 2018, 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 June 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 June 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.
25% of the shares underlying the RSU shall vest on September 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 vested 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.
The shares subject to the option shall vest in 48 equal monthly installments commencing on January 16, 2017, 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 shall vest on October 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.
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.
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.