4//SEC Filing
Race Charles 4
Accession 0001209191-20-064151
CIK 0001660134other
Filed
Dec 16, 7:00 PM ET
Accepted
Dec 17, 5:20 PM ET
Size
28.7 KB
Accession
0001209191-20-064151
Insider Transaction Report
Form 4
Okta, Inc.OKTA
Race Charles
See Remarks
Transactions
- Exercise/Conversion
Class A Common Stock
2020-12-15+1,581→ 31,367 total - Sale
Class A Common Stock
2020-12-16$258.91/sh−794$205,571→ 30,573 total - Exercise/Conversion
Class A Common Stock
2020-12-15+1,123→ 31,696 total - Sale
Class A Common Stock
2020-12-16$258.91/sh−564$146,023→ 31,132 total - Sale
Class A Common Stock
2020-12-16$258.91/sh−431$111,588→ 31,559 total - Exercise/Conversion
Class A Common Stock
2020-12-15+858→ 31,990 total - Exercise/Conversion
Restricted Stock Units
2020-12-15−1,123→ 10,102 total→ Class A Common Stock (1,123 underlying) - Exercise/Conversion
Restricted Stock Units
2020-12-15−1,581→ 7,907 total→ Class A Common Stock (1,581 underlying) - Exercise/Conversion
Restricted Stock Units
2020-12-15−858→ 241 total→ Class A Common Stock (858 underlying)
Holdings
- 188,852
Employee Stock Option (Right to Buy)
Exercise: $8.97Exp: 2026-10-23→ Class B Common Stock (188,852 underlying) - 26,790
Employee Stock Option (Right to Buy)
Exercise: $142.47Exp: 2030-04-14→ Class A Common Stock (26,790 underlying) - 39,024
Employee Stock Option (Right to Buy)
Exercise: $82.16Exp: 2029-03-24→ Class A Common Stock (39,024 underlying) - 12,683
Restricted Stock Units
→ Class A Common Stock (12,683 underlying) - 58,500
Employee Stock Option (Right to Buy)
Exercise: $39.21Exp: 2028-03-21→ Class A Common Stock (58,500 underlying)
Footnotes (11)
- [F1]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.
- [F10]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.
- [F11]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.
- [F2]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 $253.01 to $261.232, 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 (2) with regard to the block trade.
- [F3]Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock.
- [F4]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.
- [F5]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.
- [F6]17% of the shares underlying the RSU vested on June 15, 2020, 33% of the shares underlying the RSU shall vest on September 15, 2020, 39% of the shares underlying the RSU vested 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.
- [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, 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.
- [F9]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.
Documents
Issuer
Okta, Inc.
CIK 0001660134
Entity typeother
Related Parties
1- filerCIK 0001615160
Filing Metadata
- Form type
- 4
- Filed
- Dec 16, 7:00 PM ET
- Accepted
- Dec 17, 5:20 PM ET
- Size
- 28.7 KB