Filing Details
- Accession Number:
- 0001209191-21-056679
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2021-09-17 17:13:21
- Reporting Period:
- 2021-09-15
- Accepted Time:
- 2021-09-17 17:13:21
- 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
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Acquisiton | 2021-09-15 | 3,333 | $0.00 | 13,218 | No | 4 | C | Direct | |
| Class A Common Stock | Disposition | 2021-09-15 | 3,333 | $252.61 | 9,885 | No | 4 | S | Direct | |
| Class A Common Stock | Acquisiton | 2021-09-15 | 1,121 | $0.00 | 11,006 | No | 4 | M | Direct | |
| Class A Common Stock | Disposition | 2021-09-16 | 563 | $252.65 | 10,443 | No | 4 | S | Direct | |
| Class A Common Stock | Acquisiton | 2021-09-15 | 350 | $0.00 | 10,793 | No | 4 | M | Direct | |
| Class A Common Stock | Disposition | 2021-09-16 | 176 | $252.65 | 10,617 | No | 4 | S | Direct | |
| Class A Common Stock | Acquisiton | 2021-09-15 | 88 | $0.00 | 10,705 | No | 4 | M | Direct | |
| Class A Common Stock | Disposition | 2021-09-16 | 45 | $252.65 | 10,660 | No | 4 | S | Direct | |
| Class A Common Stock | Acquisiton | 2021-09-15 | 225 | $0.00 | 10,885 | No | 4 | M | Direct | |
| Class A Common Stock | Disposition | 2021-09-16 | 114 | $252.65 | 10,771 | No | 4 | S | Direct | |
| Class A Common Stock | Acquisiton | 2021-09-15 | 138 | $0.00 | 10,909 | No | 4 | M | Direct | |
| Class A Common Stock | Disposition | 2021-09-16 | 70 | $252.65 | 10,839 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| 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
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Class B Common Stock | Employee Stock Option (Right to Buy) | Disposition | 2021-09-15 | 3,333 | $0.00 | 3,333 | $9.74 |
| Class A Common Stock | Class B Common Stock | Acquisiton | 2021-09-15 | 3,333 | $0.00 | 3,333 | $0.00 |
| Class A Common Stock | Class B Common Stock | Disposition | 2021-09-15 | 3,333 | $0.00 | 3,333 | $0.00 |
| Class A Common Stock | Restricted Stock Units | Disposition | 2021-09-15 | 1,121 | $0.00 | 1,121 | $0.00 |
| Class A Common Stock | Restricted Stock Units | Disposition | 2021-09-15 | 350 | $0.00 | 350 | $0.00 |
| Class A Common Stock | Restricted Stock Units | Disposition | 2021-09-15 | 88 | $0.00 | 88 | $0.00 |
| Class A Common Stock | Restricted Stock Units | Disposition | 2021-09-15 | 225 | $0.00 | 225 | $0.00 |
| Class A Common Stock | Restricted Stock Units | Disposition | 2021-09-15 | 138 | $0.00 | 138 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 3,335 | 2027-01-22 | No | 4 | M | Direct | |
| 3,333 | No | 4 | M | Direct | ||
| 0 | No | 4 | C | Direct | ||
| 3,366 | No | 4 | M | Direct | ||
| 2,449 | No | 4 | M | Direct | ||
| 704 | No | 4 | M | Direct | ||
| 2,245 | No | 4 | M | Direct | ||
| 1,799 | No | 4 | M | Direct |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| 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 | Employee Stock Option (Right to Buy) | $274.96 | 2031-04-21 | 3,184 | 3,184 | Direct | |
| Class A Common Stock | Restricted Stock Units | $0.00 | 1,348 | 1,348 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2029-09-18 | 3,187 | 3,187 | Direct |
| 2030-04-14 | 7,590 | 7,590 | Direct |
| 2031-04-21 | 3,184 | 3,184 | Direct |
| 1,348 | 1,348 | 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 76 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 $249.70 to $254.53, 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, 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 vested 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.
- 25% of the shares underlying the RSU vested 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.
- 6.25% of the shares underlying the RSU vested on March 15, 2021, and the remaining shares underlying the RSU shall vest in 15 equal quarterly 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 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 vested 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 subject to the option shall vest on February 1, 2022, 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, 2022, 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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