McKinnon Todd 4

What Happened

• Todd McKinnon, CEO of Okta, had restricted stock units (RSUs) vest on March 15, 2026. The filing shows a total of 131,382 shares effected through conversion/exercise and withholding transactions. Of those, 22,934 shares were reported as converted/exercised (M code) and 108,448 shares were surrendered/withheld to satisfy tax or other withholding obligations (F code). All transactions report $0.00 per share, consistent with RSU vesting and net share settlement rather than open-market cash purchases/sales.

Key Details

• Transaction date: March 15, 2026; filing date: March 17, 2026.
• Transaction codes: M = exercise/conversion of derivative (RSU conversion); F = payment of exercise price or tax liability (share withholding).
• Shares involved: total converted/vested = 131,382 shares; converted/exercised (M) = 22,934 shares; shares withheld/disposed for taxes (F) = 108,448 shares.
• Reported price/value: $0.00 per share (net settlement/withholding), so no cash proceeds or purchases reported on the Form 4.
• Shares owned after the transaction: not provided in the data you supplied.

Context

• Footnotes clarify that each RSU equals one share (F1), the RSUs fully vested on March 15, 2026 (F2), and earlier vesting schedules applied to these awards (F3, F4). The transactions reflect conversion/settlement of RSUs and shares withheld to cover tax obligations — a routine, non‑market transaction that does not necessarily indicate a buy or sell decision by the insider.
• Transaction types: for retail investors, acquisitions here reflect receipt of shares from vested RSUs (code M); disposals reflect shares withheld for tax payment (code F), not an open-market sale.