Jacques Frederic Kerrest - Dec 13, 2023 Form 4 Insider Report for Okta, Inc. (OKTA)

Role
Director
Signature
/s/ Larissa Schwartz, attorney-in-fact of the Reporting Person
Stock symbol
OKTA
Transactions as of
Dec 13, 2023
Transactions value $
$0
Form type
4
Date filed
12/15/2023, 06:58 PM
Previous filing
Jun 16, 2023
Next filing
Dec 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OKTA Class A Common Stock Conversion of derivative security $0 +8.8K $0.00 8.8K Dec 13, 2023 By Trust F1
holding OKTA Class A Common Stock 601 Dec 13, 2023 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction OKTA Class B Common Stock Conversion of derivative security $0 -8.8K -0.76% $0.00 1.15M Dec 13, 2023 Class A Common Stock 8.8K By Trust F1
holding OKTA Class B Common Stock 115K Dec 13, 2023 Class A Common Stock 115K By Trust F1
holding OKTA Class B Common Stock 258K Dec 13, 2023 Class A Common Stock 258K By Trust F1
holding OKTA Restricted Stock Units 4.12K Dec 13, 2023 Class A Common Stock 4.12K Direct F2, F3, F4
holding OKTA Restricted Stock Units 11.1K Dec 13, 2023 Class A Common Stock 11.1K Direct F2, F4, F5
holding OKTA Restricted Stock Units 8.43K Dec 13, 2023 Class A Common Stock 8.43K Direct F2, F4, F6
holding OKTA Employee Stock Option (Right to Buy) 12.7K Dec 13, 2023 Class B Common Stock 12.7K $3.11 Direct F7
holding OKTA Employee Stock Option (Right to Buy) 236K Dec 13, 2023 Class B Common Stock 236K $7.17 Direct F7
holding OKTA Employee Stock Option (Right to Buy) 989K Dec 13, 2023 Class B Common Stock 989K $8.97 Direct F7
holding OKTA Employee Stock Option (Right to Buy) 114K Dec 13, 2023 Class A Common Stock 114K $39.21 Direct F7
holding OKTA Employee Stock Option (Right to Buy) 71.5K Dec 13, 2023 Class A Common Stock 71.5K $82.16 Direct F4, F8
holding OKTA Employee Stock Option (Right to Buy) 41.7K Dec 13, 2023 Class A Common Stock 41.7K $142.47 Direct F4, F7
holding OKTA Employee Stock Option (Right to Buy) 13.3K Dec 13, 2023 Class A Common Stock 13.3K $274.96 Direct F4, F7
holding OKTA Employee Stock Option (Right to Buy) 26.5K Dec 13, 2023 Class A Common Stock 26.5K $274.96 Direct F4, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock.
F3 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 service with the Issuer on each such date.
F4 As previously disclosed in the Issuer's Form 8-Ks filed with the Securities and Exchange Commission on August 31, 2022 and August 30, 2023, the Reporting Person was on sabbatical from November 1, 2022 through October 31, 2023, during which time the vesting of the Reporting Person's equity awards, including the stock options and RSUs reported in this Form 4, were tolled; however, such equity awards remained outstanding in accordance with their terms. Following the conclusion of the Reporting Person's sabbatical, the Reporting Person did not return as an employee, but continues to serve as a member of the Company's board of directors as Vice Chairman. In connection with the foregoing, the Reporting Person agreed to forfeit 76,549 stock options that are out of the money, and his remaining RSUs and stock options continue to vest in accordance with their original terms.
F5 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 service with the Issuer on each such date.
F6 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.
F7 The shares subject to the option are fully vested and exercisable by the Reporting Person.
F8 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 service with the Issuer through each vesting date.