[144] Okta, Inc. SEC Filing
Rhea-AI Filing Summary
Okta, Inc. (Form 144 filing): The notice discloses that an individual named Jacques Frederic Kerrest intends to sell 581 shares of Okta Class A common stock through UBS Financial Services on or about 20 June 2025. The estimated aggregate market value of the planned sale is $58,270.11. Okta has 167,163,429 Class A shares outstanding, so the proposed transaction represents less than 0.001% of the float.
The seller previously disposed of 1,737 shares on 20 March 2025 for gross proceeds of $196,780.73. The 581 shares now scheduled for sale were acquired via restricted stock unit (RSU) vesting on 15 June 2025; no cash payment was involved. As required, the filer certifies that he is unaware of any undisclosed material adverse information about the company.
Because the volume is immaterial relative to total shares and no additional financial or operational data are provided, the filing is largely administrative. It signals the seller’s intent but does not, by itself, imply any change in Okta’s fundamentals or outlook.
Positive
- None.
Negative
- None.
Insights
TL;DR Routine Form 144: insider plans to sell 581 shares (<0.001% float); immaterial for valuation.
The Form 144 simply pre-announces a small discretionary sale. With market value around $58 k, the transaction is negligible versus Okta’s >$20 bn market cap and 167 mn shares outstanding. No price-sensitive information accompanies the notice, and the seller affirms lack of undisclosed negatives. Such filings are common after RSU vesting cycles and generally have no impact on liquidity, governance, or earnings. I therefore classify the market impact as neutral.