Director Kerrest Jacques Frederic sold $58,270 worth of shares (581 units at $100.29) and converted options into 2,832 shares, increasing direct ownership by 387% to 2,832 units (SEC Form 4)
$OKTA
Computer Software: Prepackaged Software
Technology
| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
|
|||||||||||||||
| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
|
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. | ||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
|
2. Issuer Name and Ticker or Trading Symbol
Okta, Inc. [ OKTA ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
|
||||||||||||||||||||||||
|
3. Date of Earliest Transaction
(Month/Day/Year) 06/20/2025 | ||||||||||||||||||||||||||
|
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
|
| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Class A Common Stock | 06/20/2025 | S(1) | 163 | D | $99.7341(2) | 418 | D | |||
| Class A Common Stock | 06/20/2025 | S(1) | 418 | D | $100.5106(3) | 0 | D | |||
| Class A Common Stock | 06/20/2025 | M | 2,832 | A | $0 | 2,832 | D | |||
|
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Restricted Stock Units | (4) | 06/20/2025 | M | 2,832 | (5) | (5) | Class A Common Stock | 2,832 | $0 | 0 | D | ||||
| Restricted Stock Units | (4) | 06/24/2025 | A | 2,487 | (6) | (6) | Class A Common Stock | 2,487 | $0 | 2,487 | D | ||||
| Restricted Stock Units | (4) | (7) | (7) | Class A Common Stock | 2,528 | 2,528 | D | ||||||||
| Class B Common Stock | (8) | (8) | (8) | Class A Common Stock | 999,987 | 999,987 | I | By Trust | |||||||
| Class B Common Stock | (8) | (8) | (8) | Class A Common Stock | 88,776 | 88,776 | I | By Trust | |||||||
| Class B Common Stock | (8) | (8) | (8) | Class A Common Stock | 157,668 | 157,668 | I | By Trust | |||||||
| Employee Stock Option (Right to Buy) | $39.21 | (9) | 03/21/2028 | Class A Common Stock | 114,000 | 114,000 | D | ||||||||
| Employee Stock Option (Right to Buy) | $82.16 | (9) | 03/24/2029 | Class A Common Stock | 71,547 | 71,547 | D | ||||||||
| Employee Stock Option (Right to Buy) | $142.47 | (9) | 04/14/2030 | Class A Common Stock | 41,673 | 41,673 | D | ||||||||
| Employee Stock Option (Right to Buy) | $274.96 | (9) | 04/21/2031 | Class A Common Stock | 13,263 | 13,263 | D | ||||||||
| Employee Stock Option (Right to Buy) | $274.96 | (9) | 04/21/2031 | Class A Common Stock | 26,527 | 26,527 | D | ||||||||
| Explanation of Responses: |
| 1. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 19, 2024. |
| 2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $99.09 to $100.06 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the U.S. Securities and Exchange Commission (the "SEC"), upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. |
| 3. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $100.09 to $101.025 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. |
| 4. Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock. |
| 5. The RSUs vested in full on June 20, 2025. |
| 6. The RSUs vest in full on the earlier of June 24, 2026 or the date immediately prior to the Issuer's next regular annual stockholder meeting, subject to the Reporting Person's continued service to the Issuer through such vesting date. |
| 7. 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 service with the Issuer on each such date, and subject to tolling from November 1, 2022 through October 31, 2023 per a Sabbatical Agreement between the Reporting Person and the Issuer. |
| 8. 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. |
| 9. The shares subject to the option are fully vested and exercisable by the Reporting Person. |
| Remarks: |
| /s/ Larissa Schwartz, attorney-in-fact of the Reporting Person | 06/24/2025 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||