[Form 4] Okta, Inc. Insider Trading Activity
Rhea-AI Filing Summary
Okta, Inc. officer Larissa Schwartz reported a sale of 1,318 shares of Class A common stock on 10/08/2025 at a price of $91.65 per share. The filing states the transaction was executed under a Rule 10b5-1 trading plan adopted on 07/03/2025. After the reported sale, the reporting person beneficially owns 37,837 shares of Class A common stock.
The filing also discloses existing restricted stock units (RSUs) that convert one-for-one into Class A shares, with specific vesting schedules: grants with 316, 217, 8,891, 11,620, and 30,800 underlying shares, each subject to quarterly vesting schedules and continuous employment conditions. The form is signed by an attorney-in-fact on behalf of the reporting person.
Positive
- None.
Negative
- None.
Insights
TL;DR: Officer sale executed under a pre-established 10b5-1 plan; remaining holdings and staggered RSU vesting remain significant.
The sale of 1,318 shares at $91.65 was reported as a planned transaction under a Rule 10b5-1 plan adopted on 07/03/2025, which provides an affirmative defense for trades made under an established written plan. This indicates the trade followed an automated schedule rather than an ad hoc insider sale.
The reporting person continues to hold 37,837 shares and multiple RSU awards that vest over time (grants of 316, 217, 8,891, 11,620, and 30,800 underlying shares). Ongoing vesting ties future dilution and insider ownership to continued employment; monitor quarterly vesting events for near-term changes in share availability.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 1,318 | $91.65 | $121K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Footnotes (1)
- This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on July 03, 2025. Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock. 6.25% of the shares underlying the RSU vested on March 15, 2022, and the remaining shares underlying the RSU shall vest in 15 equal quarterly installments thereafter, subject to the Reporting Person's continuous employment with the Issuer on each such date. 6.25% of the shares underlying the RSU vested on June 15, 2022, and the remaining shares underlying the RSU shall vest in 15 equal quarterly installments thereafter, subject to the Reporting Person's continuous employment with the Issuer on each such date. 8.33% of the shares underlying the RSU vested on June 15, 2023, 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. 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. 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.
