Okta (OKTA) director Kerrest gains Class A shares from RSU vesting and Class B conversions
Rhea-AI Filing Summary
Okta, Inc. director Jacques Frederic Kerrest reported equity compensation activity, mainly vesting and conversions rather than market trades. On June 17, 2026, 2,487 Restricted Stock Units vested in full and were settled into 2,487 shares of Class A Common Stock, bringing his directly held Class A shares to 7,123.
Separately, a trust associated with Kerrest converted 6,300 shares of Class B Common Stock into 6,300 shares of Class A Common Stock and now holds 6,800 Class A shares indirectly. The filing also lists multiple employee stock options that are fully vested and exercisable at fixed exercise prices, along with sizable Class B holdings that are convertible into Class A on a one-for-one basis with no expiration date.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 8,787 shares
Net Buy
11 txns
Insider
Kerrest Jacques Frederic
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,487 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 2,487 | $0.00 | $0.00 |
| Conversion | Class B Common Stock | 6,300 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 6,300 | $0.00 | $0.00 |
| 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 | Employee Stock Option (Right to Buy) | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 1,083,631 shares (Indirect, By Trust);
Restricted Stock Units — 0 shares (Direct);
Class A Common Stock — 6,800 shares (Indirect, By Trust);
Class A Common Stock — 7,123 shares (Direct);
Employee Stock Option (Right to Buy) — 267,010 shares (Direct)
Footnotes (4)
- F1. 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.
- F2. Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock.
- F3. The RSUs vested in full on June 17, 2026.
- F4. The shares subject to the option are fully vested and exercisable by the Reporting Person.
Key Figures
RSUs vested into Class A: 2,487 shares
Direct Class A shares after vesting: 7,123 shares
Class B converted to Class A by trust: 6,300 shares
+5 more
8 metrics
RSUs vested into Class A
2,487 shares
Restricted Stock Units vested in full on June 17, 2026
Direct Class A shares after vesting
7,123 shares
Direct holdings of Class A Common Stock following RSU settlement
Class B converted to Class A by trust
6,300 shares
Trust converted Class B Common Stock into Class A Common Stock
Indirect Class A shares after conversion
6,800 shares
Class A Common Stock held indirectly by trust after conversion
Largest option lot
114,000 shares at $39.21
Fully vested employee stock option exercisable into Class A Common Stock
Additional option lots
71,547; 41,673; 26,527; 13,263 shares
Vested options at exercise prices of $82.16, $142.47, and $274.96
Indirect Class B holdings (trust)
157,668 shares
Class B Common Stock convertible into Class A; indirect ownership
Additional Class B trust holdings
88,776 shares
Further Class B Common Stock convertible into Class A; indirect ownership
Key Terms
Restricted Stock Unit, Class B Common Stock, Employee Stock Option (Right to Buy), derivative security, +1 more
5 terms
Restricted Stock Unit financial
"Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock."
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 of Class A Common Stock at the option of the holder and has no expiration date."
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.
Employee Stock Option (Right to Buy) financial
"The shares subject to the option are fully vested and exercisable by the Reporting Person."
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
By Trust financial
"nature_of_ownership": "By Trust""
FAQ
What insider transactions did Okta (OKTA) director Jacques Kerrest report?
Jacques Kerrest reported equity compensation activity, not open-market trades. 2,487 Restricted Stock Units vested into Class A shares, and a trust converted 6,300 Class B shares into Class A. The filing also details his remaining stock options and Class B holdings.
What happened to Jacques Kerrest’s Restricted Stock Units in Okta (OKTA)?
Kerrest’s Restricted Stock Units fully vested and converted into Class A shares. On June 17, 2026, 2,487 Restricted Stock Units vested in full, with each RSU delivering one share of Okta’s Class A Common Stock, increasing his direct share ownership.
What stock options does Jacques Kerrest hold in Okta (OKTA) after this Form 4?
Kerrest holds several fully vested employee stock options on Okta shares. The filing lists options over 114,000 shares at $39.21, 71,547 at $82.16, 41,673 at $142.47, and additional lots at $274.96, all exercisable into Class A Common Stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
