Kelleher Eric Robert 4
4 · Okta, Inc. · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Okta (OKTA) President Eric Kelleher Receives Vested RSU Shares
What Happened
Eric Robert Kelleher, President and Chief Operating Officer of Okta, had restricted stock units (RSUs) fully vest on March 15, 2026. The filing shows the conversion/exercise of RSU derivatives (transaction code M) and the withholding/disposition of shares to satisfy tax liabilities (code F). In total, 42,623 RSU-based shares vested and converted; of those, 21,360 shares were withheld to cover taxes and 21,263 shares were issued to Kelleher. All conversions are reported at $0.00 per share (typical for RSU vesting).
Key Details
- Transaction date: March 15, 2026; Form filed March 17, 2026 (reported timely).
- Transaction codes: M = conversion/exercise of derivative (RSU conversion); F = payment of tax liability (shares withheld).
- Shares vested/converted (total underlying RSUs): 42,623 (derived from reported conversion and withholding lines).
- Shares withheld for taxes (disposed): 21,360.
- Shares issued to insider (net received): 21,263.
- Price reported: $0.00 per share (RSU conversion — not an open-market purchase/sale).
- Footnotes: F1 = each RSU equals one Class A common share; F2 = the RSUs fully vested on March 15, 2026; F3–F4 describe prior vesting schedules; F5 notes any related options were fully vested and exercisable.
- Filing timeliness: Filed two days after the transaction date (March 17), consistent with standard Form 4 timing.
Context
This was a compensation/vesting event (RSU conversion) with shares withheld to satisfy tax obligations — a routine administrative transaction rather than an open-market sale or a purchase that signals new insider buying. The derivative entries reflect RSU conversion into common stock (M), and the F entries reflect the company withholding shares to pay taxes. No open-market sale (S) or purchase (P) is reported in this filing.
Insider Transaction Report
- Tax Payment
Class A Common Stock
2026-03-15−10,539→ 21,846 total - Exercise/Conversion
Class A Common Stock
2026-03-15+1,188→ 23,034 total - Tax Payment
Class A Common Stock
2026-03-15−605→ 22,429 total - Exercise/Conversion
Class A Common Stock
2026-03-15+9,953→ 32,382 total - Tax Payment
Class A Common Stock
2026-03-15−5,065→ 27,317 total - Exercise/Conversion
Class A Common Stock
2026-03-15+4,842→ 32,159 total - Tax Payment
Class A Common Stock
2026-03-15−2,464→ 29,695 total - Exercise/Conversion
Class A Common Stock
2026-03-15+5,280→ 34,975 total - Tax Payment
Class A Common Stock
2026-03-15−2,687→ 32,288 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-03-15−1,188→ 0 total→ Class A Common Stock (1,188 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-03-15−9,953→ 0 total→ Class A Common Stock (9,953 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F3]2026-03-15−4,842→ 19,367 total→ Class A Common Stock (4,842 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F4]2026-03-15−5,280→ 42,239 total→ Class A Common Stock (5,280 underlying)
- 2,409
Employee Stock Option (Right to Buy)
[F5]Exercise: $8.97Exp: 2026-10-23→ Class B Common Stock (2,409 underlying) - 2,955
Employee Stock Option (Right to Buy)
[F5]Exercise: $211.86Exp: 2030-09-21→ Class A Common Stock (2,955 underlying) - 6,792
Employee Stock Option (Right to Buy)
[F5]Exercise: $274.96Exp: 2031-04-21→ Class A Common Stock (6,792 underlying) - 12,587
Employee Stock Option (Right to Buy)
[F5]Exercise: $255.38Exp: 2031-09-22→ Class A Common Stock (12,587 underlying)
Footnotes (5)
- [F1]Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock.
- [F2]The shares underlying the RSU fully vested on March 15, 2026.
- [F3]8.33% of the shares underlying the RSU vested on June 15, 2024, and the remaining shares underlying the RSU shall vest in 11 equal quarterly installments thereafter, subject to the Reporting Person's continuous employment with the Issuer on each such date.
- [F4]8.33% of the shares underlying the RSU vested on June 15, 2025, and the remaining shares underlying the RSU shall vest in 11 equal quarterly installments thereafter, subject to the Reporting Person's continuous employment with the Issuer on each such date.
- [F5]The shares subject to the option are fully vested and exercisable by the Reporting Person.