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Filing Details

Accession Number:: 0001209191-22-056016
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-11-07 18:35:18
Reporting Period:: 2022-11-03

Accepted Time:: 2022-11-07 18:35:18
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		Yes	No	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	Disposition	2022-11-03	11,921	$48.71	6,908	No	4	S	Direct
Class A Common Stock	Disposition	2022-11-03	6,808	$49.92	100	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct
No	4	S	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	Restricted Stock Units	$0.00		4,116	4,116	Direct
Class A Common Stock	Restricted Stock Units	$0.00		11,098	11,098	Direct
Class A Common Stock	Restricted Stock Units	$0.00		8,425	8,425	Direct
Class A Common Stock	Class B Common Stock	$0.00		86,376	86,376	Indirect
Class A Common Stock	Class B Common Stock	$0.00		257,668	257,668	Indirect
Class A Common Stock	Class B Common Stock	$0.00		1,183,510	1,183,510	Indirect
Class B Common Stock	Employee Stock Option (Right to Buy)	$1.40	2023-08-29	3,572	3,572	Direct
Class B Common Stock	Employee Stock Option (Right to Buy)	$3.11	2024-08-26	42,812	42,812	Direct
Class B Common Stock	Employee Stock Option (Right to Buy)	$7.17	2025-08-27	235,953	235,953	Direct
Class B Common Stock	Employee Stock Option (Right to Buy)	$8.97	2026-07-29	988,852	988,852	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	Employee Stock Option (Right to Buy)	$274.96	2031-04-21	31,834	31,834	Direct
Class A Common Stock	Employee Stock Option (Right to Buy)	$274.96	2031-04-21	63,667	63,667	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	4,116	4,116	Direct
	11,098	11,098	Direct
	8,425	8,425	Direct
	86,376	86,376	Indirect
	257,668	257,668	Indirect
	1,183,510	1,183,510	Indirect
2023-08-29	3,572	3,572	Direct
2024-08-26	42,812	42,812	Direct
2025-08-27	235,953	235,953	Direct
2026-07-29	988,852	988,852	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
2031-04-21	31,834	31,834	Direct
2031-04-21	63,667	63,667	Direct

Footnotes

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 $48.47 to $49.13 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 $49.66 to $50.28 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.
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, 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.
As previously disclosed in the Issuer's Form 8-K filed with the Securities and Exchange Commission on August 31, 2022, the Reporting Person is on sabbatical from November 1, 2022 through October 31, 2023. The vesting of the Reporting Person's equity awards, including the stock options and RSUs reported in this Form 4, will be tolled during the sabbatical period; however, such equity awards will remain outstanding in accordance with their terms.
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.
25% of the shares underlying the RSU vested 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.
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.
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 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 through each vesting date.
25% of the shares subject to the option vested 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 through each vesting date.