0001209191-21-021416.txt : 20210317
0001209191-21-021416.hdr.sgml : 20210317
20210317170601
ACCESSION NUMBER: 0001209191-21-021416
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210315
FILED AS OF DATE: 20210317
DATE AS OF CHANGE: 20210317
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Kerrest Jacques Frederic
CENTRAL INDEX KEY: 0001700842
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38044
FILM NUMBER: 21751398
MAIL ADDRESS:
STREET 1: C/O OKTA, INC.
STREET 2: 301 BRANNAN STREET 1ST FLOOR
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94107
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Okta, Inc.
CENTRAL INDEX KEY: 0001660134
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372]
IRS NUMBER: 264175727
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0131
BUSINESS ADDRESS:
STREET 1: 100 FIRST STREET
STREET 2: SUITE 600
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94105
BUSINESS PHONE: 888-722-7871
MAIL ADDRESS:
STREET 1: 100 FIRST STREET
STREET 2: SUITE 600
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94105
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2021-03-15
0
0001660134
Okta, Inc.
OKTA
0001700842
Kerrest Jacques Frederic
C/O OKTA, INC.
100 FIRST ST, SUITE 600
SAN FRANCISCO
CA
94105
1
1
0
0
See Remarks
Class A Common Stock
2021-03-15
4
M
0
3088
0.00
A
16575
D
Class A Common Stock
2021-03-16
4
S
0
1107
228.8101
D
15468
D
Class A Common Stock
2021-03-15
4
M
0
2058
0.00
A
17526
D
Class A Common Stock
2021-03-16
4
S
0
839
228.8101
D
16687
D
Class A Common Stock
2021-03-15
4
M
0
7399
0.00
A
24086
D
Class A Common Stock
2021-03-16
4
S
0
3715
228.8101
D
20371
D
Class A Common Stock
2021-03-15
4
M
0
253
0.00
A
20624
D
Class A Common Stock
2021-03-16
4
S
0
128
228.8101
D
20496
D
Class A Common Stock
2021-03-15
4
M
0
969
0.00
A
21465
D
Class A Common Stock
2021-03-16
4
S
0
487
228.8101
D
20978
D
Restricted Stock Units
2021-03-15
4
M
0
3088
0.00
D
Class A Common Stock
3088
12350
D
Restricted Stock Units
2021-03-15
4
M
0
2058
0.00
D
Class A Common Stock
2058
16463
D
Restricted Stock Units
2021-03-15
4
M
0
253
0.00
D
Class A Common Stock
253
0
D
Restricted Stock Units
2021-03-15
4
M
0
7399
0.00
D
Class A Common Stock
7399
22196
D
Restricted Stock Units
2021-03-15
4
A
0
969
0.00
A
Class A Common Stock
969
969
D
Restricted Stock Units
2021-03-15
4
M
0
969
0.00
D
Class A Common Stock
969
0
D
Class B Common Stock
Class A Common Stock
267702
267702
I
By Trust
Class B Common Stock
Class A Common Stock
1358901
1358901
I
By Trust
Employee Stock Option (Right to Buy)
1.40
2023-08-29
Class B Common Stock
3572
3572
D
Employee Stock Option (Right to Buy)
3.11
2024-08-26
Class B Common Stock
42812
42812
D
Employee Stock Option (Right to Buy)
7.17
2025-08-27
Class B Common Stock
236053
236053
D
Employee Stock Option (Right to Buy)
8.97
2026-07-29
Class B Common Stock
990525
990525
D
Employee Stock Option (Right to Buy)
39.21
2028-03-21
Class A Common Stock
114000
114000
D
Employee Stock Option (Right to Buy)
82.16
2029-03-24
Class A Common Stock
71547
71547
D
Employee Stock Option (Right to Buy)
142.47
2030-04-14
Class A Common Stock
62511
62511
D
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.
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 $222.156 to $232.70, 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.
Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock.
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.
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.
17% of the shares underlying the RSU vested on June 15, 2020, 33% of the shares underlying the RSU vested 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 vested on March 15, 2021, subject to the Reporting Person's continuous employment with the Issuer on each such date.
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 employment with the Issuer on each such date.
100% of the shares underlying the RSU vested on March 15, 2021.
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.
The shares subject to the option are fully vested and exercisable by the Reporting Person.
20% of the shares subject to the option vested on July 29, 2017, 20% of the shares subject to the option vested on July 29, 2018, 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. The option is early exercisable by the Reporting Person.
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 through each vesting date.
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 through each vesting date.
25% of the shares subject to the option vested 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 through each vesting date.
Executive Vice Chairperson of the Board and Chief Operating Officer
/s/ Larissa Schwartz, attorney-in-fact of the Reporting Person
2021-03-17