Okta (OKTA) CEO Todd McKinnon granted 103,462 RSUs and details large share holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Okta, Inc. Chief Executive Officer Todd McKinnon reported an equity compensation grant and updated his holdings. On March 19, 2026, he received 103,462 Restricted Stock Units, each representing one share of Class A common stock. According to the vesting schedule, 8.33% of the shares vest on June 15, 2026, with the remainder vesting in 11 equal quarterly installments, contingent on continued employment.
He also reported existing positions, including direct RSUs covering 20,141 and 59,135 underlying Class A shares, and employee stock options over Class A shares at exercise prices of $82.16, $142.47, and $274.96 expiring between 2029 and 2031. Indirectly, trusts hold 6,383,887 and 128,247 Class B shares, each convertible into one Class A share. No open-market purchases or sales were reported in this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
10 transactions reported
Mixed
10 txns
Insider
McKinnon Todd
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 103,462 | $0.00 | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Employee Stock Option (Right to Buy) | -- | -- | -- |
| holding | Employee Stock Option (Right to Buy) | -- | -- | -- |
| holding | Employee Stock Option (Right to Buy) | -- | -- | -- |
| holding | Employee Stock Option (Right to Buy) | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 103,462 shares (Direct);
Class B Common Stock — 6,383,887 shares (Indirect, By Trust);
Employee Stock Option (Right to Buy) — 32,251 shares (Direct);
Class A Common Stock — 108,346 shares (Direct)
Footnotes (1)
- Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock. 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. 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. 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. 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. The shares subject to the option are fully vested and exercisable by the Reporting Person.
FAQ
What did Okta (OKTA) CEO Todd McKinnon report in this Form 4?
Todd McKinnon reported an equity compensation grant and updated holdings. He received 103,462 Restricted Stock Units tied to Okta Class A shares, and disclosed his existing RSU, stock option, Class A, and Class B share positions as of the reported date.
How many Restricted Stock Units did Okta (OKTA) grant to its CEO?
Todd McKinnon received 103,462 Restricted Stock Units. Each RSU represents one share of Okta Class A common stock. This grant is part of his equity compensation and vests over time, subject to his continued employment with the company on specified vesting dates.
What is the vesting schedule for Todd McKinnon’s new Okta (OKTA) RSUs?
For the new RSU grant, 8.33% of the underlying shares vest on June 15, 2026. The remaining shares vest in 11 equal quarterly installments afterward, provided Todd McKinnon remains continuously employed by Okta on each scheduled vesting date.
What other equity positions in Okta (OKTA) does Todd McKinnon hold?
Todd McKinnon holds direct RSUs over 20,141 and 59,135 Class A shares, several fully exercisable stock option awards, and 108,346 direct Class A shares. Trusts indirectly hold 6,383,887 and 128,247 Class B shares, each convertible one-for-one into Class A common stock.
Are Todd McKinnon’s Okta (OKTA) stock options currently exercisable?
Yes, the filing notes the stock option shares are fully vested and exercisable. These options cover various amounts of Okta Class A shares at exercise prices of $82.16, $142.47, and $274.96, with expiration dates between March 2029 and April 2031.