Okta CFO converts 12K RSUs, withholds 4.7K shares
Okta’s CFO reported RSU conversions into Class A shares and related tax-withholding share dispositions, with additional indirect holdings via trusts.
Rhea-AI Filing Summary
Okta, Inc. (OKTA) reported that Chief Financial Officer Brett Tighe settled multiple Restricted Stock Units on September 15, 2026, converting 12,012 RSUs into Class A Common Stock. In connection with these exercises, 4,729 Class A shares were delivered or withheld to cover exercise price or tax liabilities.
Tighe also reports indirect holdings held by trust of 27,795 shares of Class B Common Stock, each convertible into one Class A share with no expiration, and 7,693 shares of Class A Common Stock held by trust. No Rule 10b5-1 trading plan is reported for these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
12,012 shares exercised/converted
Exercise
11 txns
Insider
Tighe Brett
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F2 | 3,873 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F3 | 3,520 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F4 | 4,619 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 3,873 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 1,525 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 3,520 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 1,386 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 4,619 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 1,818 | $0.00 | $0.00 |
| holding | Class B Common Stock F5 | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 75,056 contracts (Direct);
Class A Common Stock — 89,329 shares (Direct);
Class B Common Stock — 27,795 contracts (Indirect, By Trust);
Class A Common Stock — 7,693 shares (Indirect, By Trust)
Footnotes (5)
- F1. Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock.
- F2. 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.
- F3. 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.
- F4. 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.
- F5. 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
RSUs converted to Class A Common Stock: 12,012 shares
Tax or exercise-price share dispositions: 4,729 shares
Individual RSU conversion tranches: 3,873; 3,520; 4,619 shares
+3 more
6 metrics
RSUs converted to Class A Common Stock
12,012 shares
Total RSUs exercised or converted on September 15, 2026
Tax or exercise-price share dispositions
4,729 shares
Class A shares delivered or withheld for exercise price or tax liability
Individual RSU conversion tranches
3,873; 3,520; 4,619 shares
Three RSU blocks settled into Class A Common Stock
Class B Common Stock held by trust
27,795 shares
Indirect holdings, each share convertible into one Class A share
Class A Common Stock held by trust
7,693 shares
Indirect Class A holdings reported as held by trust
RSU vesting increment
8.33%
Portion of RSU shares vesting on initial vesting dates before quarterly installments
Key Terms
Restricted Stock Unit, Class B Common Stock, exercise price or tax liability, vesting
4 terms
Restricted Stock Unit financial
"Each Restricted Stock Unit ("RSU") represents the right to receive one share"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Class B Common Stock financial
"Each share of Class B Common Stock is convertible into one share"
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.
exercise price or tax liability financial
"Payment of exercise price or tax liability by delivering or withholding securities"
vesting financial
"8.33% of the shares underlying the RSU vested on June 15"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Okta (OKTA) CFO Brett Tighe report in this Form 4?
He reported exercising or converting 12,012 Restricted Stock Units into Class A Common Stock on September 15, 2026, with separate share dispositions to cover exercise price or tax liabilities.
How many Okta (OKTA) RSUs did the CFO convert on September 15, 2026?
Brett Tighe converted a total of 12,012 Restricted Stock Units into Okta Class A Common Stock, in three tranches of 3,873, 3,520, and 4,619 RSUs.
What indirect Okta (OKTA) holdings by trust does the CFO report?
He reports indirect trust holdings of 27,795 shares of Class B Common Stock, each convertible into one Class A share with no expiration, and 7,693 shares of Class A Common Stock held by trust.
Were Okta (OKTA) CFO transactions under a Rule 10b5-1 trading plan?
No. The Form 4 indicates no Rule 10b5-1 trading plan is reported for these transactions; the plan-related checkbox is not marked as affirming such a plan.
What are the vesting terms mentioned for the Okta (OKTA) RSUs?
Footnotes state that 8.33% of the RSU shares vested on specific June 15 dates in 2024, 2025, and 2026, with the remaining shares vesting in 11 equal quarterly installments, subject to continued employment.
AI-generated analysis. How Rhea-AI works. Not financial advice.
