0001209191-23-058875.txt : 20231215
0001209191-23-058875.hdr.sgml : 20231215
20231215185839
ACCESSION NUMBER: 0001209191-23-058875
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20231213
FILED AS OF DATE: 20231215
DATE AS OF CHANGE: 20231215
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: 231491856
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
X0508
4
2023-12-13
0
0001660134
Okta, Inc.
OKTA
0001700842
Kerrest Jacques Frederic
C/O OKTA, INC.
100 FIRST ST, SUITE 600
SAN FRANCISCO
CA
94105
1
0
0
0
0
Class A Common Stock
2023-12-13
4
C
0
8800
0.00
A
8800
I
By Trust
Class A Common Stock
601
D
Class B Common Stock
2023-12-13
4
C
0
8800
0.00
D
Class A Common Stock
8800
1153387
I
By Trust
Class B Common Stock
Class A Common Stock
115376
115376
I
By Trust
Class B Common Stock
Class A Common Stock
257668
257668
I
By Trust
Restricted Stock Units
Class A Common Stock
4116
4116
D
Restricted Stock Units
Class A Common Stock
11098
11098
D
Restricted Stock Units
Class A Common Stock
8425
8425
D
Employee Stock Option (Right to Buy)
3.11
2024-08-26
Class B Common Stock
12707
12707
D
Employee Stock Option (Right to Buy)
7.17
2025-08-27
Class B Common Stock
235953
235953
D
Employee Stock Option (Right to Buy)
8.97
2026-07-29
Class B Common Stock
988852
988852
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
41673
41673
D
Employee Stock Option (Right to Buy)
274.96
2031-04-21
Class A Common Stock
13263
13263
D
Employee Stock Option (Right to Buy)
274.96
2031-04-21
Class A Common Stock
26527
26527
D
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.
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, 2020, and the remaining shares underlying the RSU shall vest in 12 equal quarterly installments thereafter, subject to the Reporting Person's continuous service with the Issuer on each such date.
As previously disclosed in the Issuer's Form 8-Ks filed with the Securities and Exchange Commission on August 31, 2022 and August 30, 2023, the Reporting Person was on sabbatical from November 1, 2022 through October 31, 2023, during which time the vesting of the Reporting Person's equity awards, including the stock options and RSUs reported in this Form 4, were tolled; however, such equity awards remained outstanding in accordance with their terms. Following the conclusion of the Reporting Person's sabbatical, the Reporting Person did not return as an employee, but continues to serve as a member of the Company's board of directors as Vice Chairman. In connection with the foregoing, the Reporting Person agreed to forfeit 76,549 stock options that are out of the money, and his remaining RSUs and stock options continue to vest in accordance with their original terms.
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 service with the Issuer on each such date.
25% of the shares underlying the RSU vested on March 15, 2022, and the remaining shares underlying the RSU shall vest in 12 equal quarterly installments thereafter, subject to the Reporting Person's continuous service with the Issuer on each such date.
The shares subject to the option are fully vested and exercisable by the Reporting Person.
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 service with the Issuer through each vesting date.
/s/ Larissa Schwartz, attorney-in-fact of the Reporting Person
2023-12-15