Okta officer sells 2,463 shares at $120 each
Okta, Inc. executive officer Larissa Schwartz reported an open-market sale of 2,463 shares of Class A common stock at $120.00 per share on June 22, 2026.
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Rhea-AI Filing Summary
Okta, Inc. executive officer Larissa Schwartz reported an open-market sale of 2,463 shares of Class A common stock at $120.00 per share on June 22, 2026. Following this sale, she directly holds 25,241 shares of Class A common stock.
She also continues to hold multiple grants of Restricted Stock Units, each convertible into Class A common stock, with 39,517, 21,560, and 5,810 underlying shares, respectively. The sale was carried out under a pre-arranged Rule 10b5-1 trading plan adopted on July 3, 2025.
Insights
Routine Rule 10b5-1 sale with substantial remaining equity position.
The filing shows Larissa Schwartz, an officer of Okta, sold 2,463 shares of Class A common stock at $120.00 per share on June 22, 2026. This was an open‑market transaction classified as a sale.
The transaction was executed under a pre‑arranged Rule 10b5‑1 trading plan adopted on July 3, 2025, indicating it was scheduled in advance rather than timed opportunistically. After the sale she still directly holds 25,241 shares and significant unvested RSUs covering 39,517, 21,560, and 5,810 underlying shares of Class A common stock.
This pattern is consistent with routine liquidity diversification while maintaining a meaningful equity stake tied to ongoing vesting, so the informational value of the sale is limited and does not by itself signal a change in the company’s outlook.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 2,463 | $120.00 | $296K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Footnotes (5)
- F1. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on July 03, 2025.
- F2. Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock.
- F3. 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.
- F4. 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.
- F5. 8.33% of the shares underlying the RSU vested 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.
Key Figures
Key Terms
Rule 10b5-1 trading plan regulatory
Restricted Stock Unit financial
Class A Common Stock financial
vesting financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Okta (OKTA) report for Larissa Schwartz?
Was the Okta (OKTA) insider sale by Larissa Schwartz under a Rule 10b5-1 plan?
What Restricted Stock Unit (RSU) awards does Larissa Schwartz have at Okta (OKTA)?
How do Larissa Schwartz’s Okta (OKTA) RSUs vest over time?
Does the Okta (OKTA) Form 4 indicate a net buying or selling position for Larissa Schwartz?
AI-generated analysis. How Rhea-AI works. Not financial advice.