0001209191-23-038489.txt : 20230620
0001209191-23-038489.hdr.sgml : 20230620
20230620170804
ACCESSION NUMBER: 0001209191-23-038489
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230615
FILED AS OF DATE: 20230620
DATE AS OF CHANGE: 20230620
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Schwartz Larissa
CENTRAL INDEX KEY: 0001968125
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38044
FILM NUMBER: 231026197
MAIL ADDRESS:
STREET 1: C/O OKTA, INC.
STREET 2: 100 FIRST STREET, SUITE 600
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94105
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
X0407
4
2023-06-15
0
0001660134
Okta, Inc.
OKTA
0001968125
Schwartz Larissa
100 FIRST STREET, SUITE 600
SAN FRANCISCO
CA
94105
0
1
0
0
See Remarks
0
Class A Common Stock
2023-06-15
4
M
0
263
0.00
A
20615
D
Class A Common Stock
2023-06-16
4
S
0
93
75.5996
D
20522
D
Class A Common Stock
2023-06-15
4
M
0
178
0.00
A
20700
D
Class A Common Stock
2023-06-16
4
S
0
63
75.5996
D
20637
D
Class A Common Stock
2023-06-15
4
M
0
104
0.00
A
20741
D
Class A Common Stock
2023-06-16
4
S
0
37
75.5996
D
20704
D
Class A Common Stock
2023-06-15
4
M
0
168
0.00
A
20872
D
Class A Common Stock
2023-06-16
4
S
0
59
75.5996
D
20813
D
Class A Common Stock
2023-06-15
4
M
0
316
0.00
A
21129
D
Class A Common Stock
2023-06-16
4
S
0
111
75.5996
D
21018
D
Class A Common Stock
2023-06-15
4
M
0
108
0.00
A
21126
D
Class A Common Stock
2023-06-16
4
S
0
38
75.5996
D
21088
D
Class A Common Stock
2023-06-15
4
M
0
4445
0.00
A
25533
D
Class A Common Stock
2023-06-16
4
S
0
1557
75.5996
D
23976
D
Restricted Stock Units
2023-06-15
4
M
0
263
0.00
D
Class A Common Stock
263
0
D
Restricted Stock Units
2023-06-15
4
M
0
178
0.00
D
Class A Common Stock
178
710
D
Restricted Stock Units
2023-06-15
4
M
0
104
0.00
D
Class A Common Stock
104
623
D
Restricted Stock Units
2023-06-15
4
M
0
168
0.00
D
Class A Common Stock
168
1180
D
Restricted Stock Units
2023-06-15
4
M
0
316
0.00
D
Class A Common Stock
316
3160
D
Restricted Stock Units
2023-06-15
4
M
0
108
0.00
D
Class A Common Stock
108
1190
D
Restricted Stock Units
2023-06-15
4
M
0
4445
0.00
D
Class A Common Stock
4445
48899
D
Employee Stock Option (Right to Buy)
8.62
2025-12-16
Class B Common Stock
14167
14167
D
Employee Stock Option (Right to Buy)
8.73
2026-06-01
Class B Common Stock
9000
9000
D
Employee Stock Option (Right to Buy)
11.36
2027-03-05
Class B Common Stock
5000
5000
D
Based on an internal audit, the Issuer determined that due to an administrative error, the Reporting Person's Form 3 filed on March 13, 2023 and subsequent Forms 4 inadvertently overstated the Reporting Person's Class A common stock by 327 shares. This has been corrected this Form 4.
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 $74.75 to $76.97, 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 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.
The shares underlying the RSU fully vested on June 15, 2023.
6.25% of the shares underlying the RSU vested on September 15, 2020, 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 March 15, 2021, 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, 2021, 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 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.
The shares subject to the option are fully vested and exercisable by the Reporting Person.
Chief Legal Officer and Secretary
/s/ Alan Smith, attorney-in-fact of the Reporting Person
2023-06-20