Okta officer plans $436K Rule 144 stock sale
Okta officer Eric Kelleher filed a Rule 144 notice covering planned sales and recent 10b5-1 transactions in Okta common stock.
Rhea-AI Filing Summary
Okta, Inc. (OKTA) officer Eric Kelleher has filed a notice of proposed sale of Okta common stock under Rule 144. The notice covers sales through Morgan Stanley Smith Barney LLC Executive Financial Services and includes shares from restricted stock units and an Employee Stock Purchase Plan, along with disclosure of recent sales under a Rule 10b5-1 trading plan.
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Key Figures
Shares in main Rule 144 line: 2,549 shares
Aggregate market value: $436,159.39
Shares outstanding reference: 167,139,757 shares
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8 metrics
Shares in main Rule 144 line
2,549 shares
Common stock referenced with Morgan Stanley Smith Barney LLC Executive Financial Services
Aggregate market value
$436,159.39
Value associated with the common stock in the primary Rule 144 securities information line
Shares outstanding reference
167,139,757 shares
Approximate number of Okta common shares referenced alongside the Rule 144 entry
RSU shares to be sold
2,419 shares
Common stock from Restricted Stock Units dated June 15, 2026 listed as to be sold
ESPP shares to be sold
130 shares
Common stock from Employee Stock Purchase Plan dated June 18, 2026 listed as to be sold
Recent 10b5-1 sale shares
3,977 shares
Common stock sold on June 18, 2026 under a Rule 10b5-1 plan
Proceeds from recent 10b5-1 sale
$453,769.73
Total proceeds from 3,977 shares of Okta common stock sold on June 18, 2026
Filing signature date
September 11, 2026
Date associated with the Rule 144 remarks and signature by Eric Kelleher
Key Terms
Rule 144, Restricted Stock Units, Employee Stock Purchase Plan, 10b5-1
4 terms
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Restricted Stock Units financial
"Common | 06/15/2026 | Restricted Stock Units | Issuer"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Employee Stock Purchase Plan financial
"Common | 06/18/2026 | Employee Stock Purchase Plan | Issuer"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
10b5-1 regulatory
"10b5-1 Sales for ERIC KELLEHER"
A 10b5-1 plan is a pre-set schedule that lets company insiders buy or sell shares according to written instructions made when they do not possess material, nonpublic information. Think of it as a timed automatic payment for stock trades: it helps insiders avoid accusations of trading on secret information and gives outside investors a clearer signal about whether sales are routine or potentially informative about the company’s prospects.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the Form 144 filing disclose for OKTA?
The Form 144 discloses that Okta, Inc. officer Eric Kelleher has notified the SEC of planned sales of Okta common stock under Rule 144, including shares from restricted stock units and an Employee Stock Purchase Plan, and reports prior sales made under a Rule 10b5-1 trading plan.
What Okta (OKTA) securities are planned to be sold from equity awards?
The notice lists planned sales of 2,419 shares of Okta common stock from Restricted Stock Units dated June 15, 2026 and 130 shares from an Employee Stock Purchase Plan dated June 18, 2026.
Which broker is handling the planned Okta (OKTA) stock sales?
The planned sales are to be executed through Morgan Stanley Smith Barney LLC Executive Financial Services, located at 1 New York Plaza, 8th Floor, New York, NY 10004.
AI-generated analysis. How Rhea-AI works. Not financial advice.
