Okta CFO sells 65,000 shares in open-market trades
Okta, Inc.’s Chief Financial Officer Brett Tighe reported selling a total of 65,000 shares of Class A Common Stock on June 8, 2026 in open-market transactions at weighted average prices between about $116 and $119 per share.
Rhea-AI Filing Summary
Okta, Inc.’s Chief Financial Officer Brett Tighe reported selling a total of 65,000 shares of Class A Common Stock on June 8, 2026 in open-market transactions at weighted average prices between about $116 and $119 per share. Following these sales, he directly holds 119,680 shares of Class A Common Stock. He also has indirect holdings through a trust of 1,250 shares of Class A Common Stock and 69,046 shares of Class B Common Stock, which are convertible into Class A shares. In addition, he holds several blocks of Restricted Stock Units that each represent one future share of Class A Common Stock, with vesting tied to continued employment.
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Insider Trade Summary 10b5-1
Net Seller: 65,000 shares
Net Sell
8 txns
Insider
Tighe Brett
Role
Chief Financial Officer
Sold
65,000 shs ($7.62M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 28,548 | $116.6656 | $3.33M |
| Sale | Class A Common Stock | 34,152 | $117.6537 | $4.02M |
| Sale | Class A Common Stock | 2,300 | $118.5244 | $273K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 119,680 shares (Direct);
Restricted Stock Units — 99,080 contracts (Direct);
Class B Common Stock — 69,046 contracts (Indirect, By Trust);
Class A Common Stock — 1,250 shares (Indirect, By Trust)
Footnotes (8)
- F1. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $116.11 to $117.10 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the U.S. Securities and Exchange Commission (the "SEC"), upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $117.11 to $118.10 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F3. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $118.11 to $119.00 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F4. Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock.
- F5. 8.33% of the shares underlying the RSU vested on June 15, 2024, 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.
- F6. 8.33% of the shares underlying the RSU vested on June 15, 2025, 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.
- F7. 8.33% of the shares underlying the RSU shall vest on June 15, 2026, 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.
- F8. 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.
Key Figures
Shares sold: 65,000 shares
Sale price tranche 1: $118.5244 per share
Sale price tranche 2: $117.6537 per share
+4 more
7 metrics
Shares sold
65,000 shares
Total Class A Common Stock sold on June 8, 2026
Sale price tranche 1
$118.5244 per share
Weighted average price for 2,300 shares sold
Sale price tranche 2
$117.6537 per share
Weighted average price for 34,152 shares sold
Sale price tranche 3
$116.6656 per share
Weighted average price for 28,548 shares sold
Direct Class A holdings
156,132 shares
Class A Common Stock held directly after transactions
Indirect Class B holdings
69,046 shares
Class B Common Stock convertible into Class A, held by trust
Largest RSU grant
55,426 RSUs
Restricted Stock Units on Class A Common Stock, direct ownership
Key Terms
weighted average price, Restricted Stock Unit ("RSU"), Class B Common Stock, convertible
4 terms
weighted average price financial
"The reported price in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Restricted Stock Unit ("RSU") financial
"Each Restricted Stock Unit ("RSU") represents the right to receive one share"
Class B Common Stock financial
"Each share of Class B Common Stock is convertible into one share of Class A"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
convertible financial
"Each share of Class B Common Stock is convertible into one share of Class A"
A convertible is a type of investment that starts as a loan or preferred stake (like a bond or preferred share) but can be exchanged for common shares of the company at a set price or under certain conditions. It matters to investors because it offers a mix of steady income and downside protection like a loan, plus the upside of stock ownership if the company does well—similar to holding a coupon that you can trade for a full ticket if the event becomes valuable.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Okta (OKTA) CFO Brett Tighe report?
Brett Tighe reported selling 65,000 shares of Okta Class A Common Stock in open-market transactions on June 8, 2026. These sales were executed at weighted average prices between roughly $116 and $119 per share, as detailed in the Form 4 filing’s transaction data.
What indirect Okta (OKTA) holdings does the CFO report via a trust?
The filing shows indirect ownership "By Trust" of 1,250 shares of Class A Common Stock and 69,046 shares of Class B Common Stock. Each Class B share is convertible into one Class A share at the holder’s option and has no expiration date, according to the footnotes.
What Restricted Stock Units does the Okta (OKTA) CFO hold?
Brett Tighe reports three RSU awards covering 55,426, 28,160, and 15,494 underlying shares of Okta Class A Common Stock. Each RSU equals one future share, with portions vesting on June 15 of 2024, 2025, and 2026, then continuing in equal quarterly installments subject to continued employment.
How are the Okta (OKTA) CFO’s RSUs scheduled to vest?
For the three RSU grants, 8.33% of the underlying shares vested or will vest on June 15, 2024, 2025, and 2026, respectively. The remaining shares for each grant vest in 11 equal quarterly installments, conditioned on the CFO’s continuous employment with Okta on each vesting date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
