[Form 4] Okta, Inc. Insider Trading Activity
Rhea-AI Filing Summary
Okta, Inc. executive Eric Robert Kelleher exercised options and converted Class B shares into Class A shares, then sold a portion of the resulting stock. He exercised 2,409 Employee Stock Options at an exercise price of $8.97 per share, receiving 2,409 shares of Class B Common Stock that were then converted into 2,409 shares of Class A Common Stock. On the same day, he sold 2,409 shares of Class A Common Stock at $80.00 per share in an open-market transaction under a pre-arranged Rule 10b5-1 trading plan. After these transactions, he directly held 15,470 shares of Class A Common Stock and retained additional equity exposure through vested options and Restricted Stock Units tied to future vesting.
Positive
- None.
Negative
- None.
Insights
Routine option exercise-and-sell under a Rule 10b5-1 plan with sizable equity stake retained.
Eric Robert Kelleher exercised 2,409 stock options at an exercise price of $8.97 and converted Class B Common Stock into Class A Common Stock, then sold 2,409 Class A shares at $80.00. The filing notes this was done under a Rule 10b5-1 trading plan adopted on April 15, 2025, indicating a pre-planned, programmatic transaction rather than opportunistic market timing.
Following the sale, he still directly holds 15,470 Class A shares and maintains substantial unexercised options with exercise prices of $211.86, $274.96, and $255.38, plus significant Restricted Stock Unit positions scheduled to vest over time. This pattern is consistent with routine liquidity management while preserving meaningful ongoing equity exposure, so it does not materially alter the broader investment picture.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) | 2,409 | $0.00 | -- |
| Exercise | Class B Common Stock | 2,409 | $0.00 | -- |
| Conversion | Class B Common Stock | 2,409 | $0.00 | -- |
| Conversion | Class A Common Stock | 2,409 | $0.00 | -- |
| Sale | Class A Common Stock | 2,409 | $80.00 | $193K |
| holding | Employee Stock Option (Right to Buy) | -- | -- | -- |
| holding | Employee Stock Option (Right to Buy) | -- | -- | -- |
| holding | Employee Stock Option (Right to Buy) | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Footnotes (1)
- 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. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on April 15, 2025. The shares subject to the option are fully vested and exercisable by the Reporting Person. 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 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. 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.
