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Filing Details

Accession Number:: 0001209191-20-059180
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-11-18 17:24:57
Reporting Period:: 2020-11-16

Accepted Time:: 2020-11-18 17:24:57
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
1700626	Todd Mckinnon	C/O Okta, Inc. 100 First St, Suite 600 San Francisco CA 94105	Chief Executive Officer	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
Class A Common Stock	Disposition	2020-10-15	3,824	$0.00	0	No	5	G	Direct
Class A Common Stock	Acquisiton	2020-11-16	13,593	$39.21	13,593	No	4	M	Direct
Class A Common Stock	Acquisiton	2020-11-16	11,518	$82.16	25,111	No	4	M	Direct
Class A Common Stock	Disposition	2020-11-16	800	$214.77	24,311	No	4	S	Direct
Class A Common Stock	Disposition	2020-11-16	200	$215.96	24,111	No	4	S	Direct
Class A Common Stock	Disposition	2020-11-16	350	$217.25	23,761	No	4	S	Direct
Class A Common Stock	Disposition	2020-11-16	200	$218.30	23,561	No	4	S	Direct
Class A Common Stock	Disposition	2020-11-16	300	$219.80	23,261	No	4	S	Direct
Class A Common Stock	Disposition	2020-11-16	2,751	$221.39	20,510	No	4	S	Direct
Class A Common Stock	Disposition	2020-11-16	8,207	$222.39	12,303	No	4	S	Direct
Class A Common Stock	Disposition	2020-11-16	9,503	$223.29	2,800	No	4	S	Direct
Class A Common Stock	Disposition	2020-11-16	2,800	$224.18	0	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	5	G	Direct
No	4	M	Direct
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
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	Employee Stock Option (Right to Buy)	Disposition	2020-11-16	13,593	$0.00	13,593	$39.21
Class A Common Stock	Employee Stock Option (Right to Buy)	Disposition	2020-11-16	11,518	$0.00	11,518	$82.16

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
40,782		2028-03-21	No	4	M	Direct
62,198		2029-03-24	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 A Common Stock	Class B Common Stock	$0.00		128,247	128,247	Indirect
Class A Common Stock	Class B Common Stock	$0.00		5,182,781	5,182,781	Indirect
Class B Common Stock	Employee Stock Option (Right to Buy)	$1.40	2023-08-29	38,827	38,827	Direct
Class B Common Stock	Employee Stock Option (Right to Buy)	$7.17	2025-08-27	486,053	486,053	Direct
Class B Common Stock	Employee Stock Option (Right to Buy)	$8.97	2026-07-29	1,798,891	1,798,891	Direct
Class A Common Stock	Employee Stock Option (Right to Buy)	$142.47	2030-04-14	89,301	89,301	Direct
Class A Common Stock	Restricted Stock Units	$0.00		21,188	21,188	Direct
Class A Common Stock	Restricted Stock Units	$0.00		31,804	31,804	Direct
Class A Common Stock	Restricted Stock Units	$0.00		42,279	42,279	Direct
Class A Common Stock	Restricted Stock Units	$0.00		970	970	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	128,247	128,247	Indirect
	5,182,781	5,182,781	Indirect
2023-08-29	38,827	38,827	Direct
2025-08-27	486,053	486,053	Direct
2026-07-29	1,798,891	1,798,891	Direct
2030-04-14	89,301	89,301	Direct
	21,188	21,188	Direct
	31,804	31,804	Direct
	42,279	42,279	Direct
	970	970	Direct

Footnotes

The transaction reported involved a gift by the Reporting Person of 3,824 shares of Class A Common Stock to the McKinnon-Stachon Family Charitable Trust, a donor advised fund.
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 $214.56 to $215.37 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 $215.91 to $216.00 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 $217.00 to $217.50 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 $218.24 to $218.35 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 $219.43 to $219.99 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 $220.86 to $221.85 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 $221.86 to $222.85 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 $222.86 to $223.80 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 $223.86 to $224.84 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.
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.
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.
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 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.
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.
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.