Okta (OKTA) CEO Todd McKinnon logs RSU vesting, tax share withholding and large trust holdings
Rhea-AI Filing Summary
Okta, Inc. Chief Executive Officer Todd McKinnon reported routine equity compensation activity centered on restricted stock units (RSUs) vesting into Class A Common Stock. Each RSU represents one share, and certain awards fully vested on March 15, 2026, while others continue to vest in quarterly installments subject to continued employment.
On that date, McKinnon exercised derivative securities covering 22,934 underlying Class A shares and had 108,448 Class A shares withheld to satisfy tax obligations, which is recorded as a disposition but not an open-market sale. Following the transactions, he directly held 108,346 Class A shares and retained multiple employee stock options exercisable at prices between $82.16 and $274.96, expiring between 2029 and 2031.
Indirectly, trusts associated with McKinnon held Class B Common Stock convertible into 6,383,887 and 128,247 Class A shares with no expiration date, highlighting a substantial ongoing equity stake separate from the vested RSUs and options reported here.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 10,506 | $0.00 | -- |
| Exercise | Restricted Stock Units | 5,036 | $0.00 | -- |
| Exercise | Restricted Stock Units | 7,392 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 96,777 | $0.00 | -- |
| Exercise | Class A Common Stock | 10,506 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 5,346 | $0.00 | -- |
| Exercise | Class A Common Stock | 5,036 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 2,563 | $0.00 | -- |
| Exercise | Class A Common Stock | 7,392 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 3,762 | $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) | -- | -- | -- |
Footnotes (1)
- Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock. The shares underlying the RSU fully vested on March 15, 2026. 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.
