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Filing Details

Accession Number:: 0001209191-20-050977
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-09-17 17:14:49
Reporting Period:: 2020-09-15

Accepted Time:: 2020-09-17 17:14:49
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1660134	Okta Inc.	OKTA	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1615160	Charles Race	C/O Okta, Inc. 100 First St, Suite 600 San Francisco CA 94105	See Remarks	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	1,581	$0.00	18,513	No	4	M	Direct
Class A Common Stock	Disposition	2020-09-16	794	$194.31	17,719	No	4	S	Direct
Class A Common Stock	Acquisiton	2020-09-15	1,122	$0.00	18,841	No	4	M	Direct
Class A Common Stock	Disposition	2020-09-16	564	$194.31	18,277	No	4	S	Direct
Class A Common Stock	Acquisiton	2020-09-15	726	$0.00	19,003	No	4	M	Direct
Class A Common Stock	Disposition	2020-09-16	365	$194.31	18,638	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
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 A Common Stock	Restricted Stock Units	Disposition	2020-09-15	1,581	$0.00	1,581	$0.00
Class A Common Stock	Restricted Stock Units	Disposition	2020-09-15	1,122	$0.00	1,122	$0.00
Class A Common Stock	Restricted Stock Units	Disposition	2020-09-15	726	$0.00	726	$0.00

Remaning Holdings	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
9,488	No	4	M	Direct
11,225	No	4	M	Direct
1,099	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)	$8.97	2026-10-23	350,000	350,000	Direct
Class A Common Stock	Employee Stock Option (Right to Buy)	$39.21	2028-03-21	58,500	58,500	Direct
Class A Common Stock	Employee Stock Option (Right to Buy)	$82.16	2029-03-24	39,024	39,024	Direct
Class A Common Stock	Employee Stock Option (Right to Buy)	$142.47	2030-04-14	26,790	26,790	Direct
Class A Common Stock	Restricted Stock Units	$0.00		12,683	12,683	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2026-10-23	350,000	350,000	Direct
2028-03-21	58,500	58,500	Direct
2029-03-24	39,024	39,024	Direct
2030-04-14	26,790	26,790	Direct
	12,683	12,683	Direct

Footnotes

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 Personundertakes 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 rangeset forth in this footnote (2) with regard to the block trade.
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 subject to the option vested on October 20, 2017 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. 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 on each such 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 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.