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Okta officer Shibu Ninan proposes $3.21M share sale

The proposed shares are attributed to restricted and performance stock unit vesting, plus Employee Stock Purchase Plan shares.

(Neutral)

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Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

Form Type
144

Rhea-AI Filing Summary

Okta, Inc. officer Shibu Ninan reported a proposed sale of 14,677 common shares, with an approximate sale date of October 7, 2026 and an aggregate market value of $3,209,419.59. Morgan Stanley Smith Barney LLC is listed as the broker. The identified sources are restricted stock units (12,542 shares), performance stock units (2,013 shares), and Employee Stock Purchase Plan shares (122 shares); the remarks state that the award shares were or will be acquired upon vesting.

Proposed sale 14,677 shares Common shares listed for sale by officer Shibu Ninan
Aggregate market value $3,209,419.59 Proposed shares
Shares outstanding 167,139,757 shares Issuer share count shown in the notice
Restricted stock units 12,542 shares Listed as a source of shares proposed for sale
Performance stock units 2,013 shares Listed as a source of shares proposed for sale
Employee Stock Purchase Plan 122 shares Listed as a source of shares proposed for sale
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
"acquired upon the vesting of restricted stock units"
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.
Performance Stock Units financial
"acquired upon the vesting of performance stock units"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
Employee Stock Purchase Plan financial
"Employee Stock Purchase Plan"
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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many OKTA shares did Shibu Ninan propose to sell?

The notice lists a proposed sale of 14,677 OKTA common shares by officer Shibu Ninan, with an approximate sale date of October 7, 2026 and an aggregate market value of $3,209,419.59.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

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