Okta CEO settles RSUs for 21K Class A shares
Okta CEO Todd McKinnon reported RSU vesting and tax-share withholdings with no open-market trades.
Rhea-AI Filing Summary
Okta, Inc. (OKTA) reported that Chief Executive Officer Todd McKinnon settled vested Restricted Stock Units on September 15, 2026. RSU conversions resulted in the acquisition of 21,049 shares of Class A Common Stock, with 10,711 shares of Class A delivered or withheld to cover exercise price or tax liability.
McKinnon also reports indirect holdings of Class B Common Stock convertible into 6,383,887 and 128,247 shares of Class A, and direct employee stock options over multiple tranches of Class A at exercise prices of $82.16, $142.47, and $274.96. No Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
21,049 shares exercised/converted
Exercise
15 txns
Insider
McKinnon Todd
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F2 | 5,035 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F3 | 7,392 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F4 | 8,622 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 5,035 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 2,562 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 7,392 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 3,762 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 8,622 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 4,387 | $0.00 | $0.00 |
| holding | Class B Common Stock F5 | -- | -- | -- |
| holding | Class B Common Stock F5 | -- | -- | -- |
| holding | Employee Stock Option (Right to Buy) F6 | -- | -- | -- |
| holding | Employee Stock Option (Right to Buy) F6 | -- | -- | -- |
| holding | Employee Stock Option (Right to Buy) F6 | -- | -- | -- |
| holding | Employee Stock Option (Right to Buy) F6 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 140,641 contracts (Direct);
Class A Common Stock — 48,822 shares (Direct);
Class B Common Stock — 6,512,134 contracts (Indirect, By Trust);
Employee Stock Option (Right to Buy) — 271,624 contracts (Direct)
Footnotes (6)
- 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.
- F6. The shares subject to the option are fully vested and exercisable by the Reporting Person.
Key Figures
RSU shares acquired: 21,049 shares of Class A Common Stock
Shares delivered/withheld for exercise price or tax liability: 10,711 shares of Class A Common Stock
Indirect Class B holdings (convertible into Class A): 6,383,887 underlying Class A shares
+4 more
7 metrics
RSU shares acquired
21,049 shares of Class A Common Stock
Shares acquired from RSU exercises/conversions on September 15, 2026
Shares delivered/withheld for exercise price or tax liability
10,711 shares of Class A Common Stock
Code F transactions on September 15, 2026
Indirect Class B holdings (convertible into Class A)
6,383,887 underlying Class A shares
Class B Common Stock held indirectly by trust
Additional indirect Class B holdings
128,247 underlying Class A shares
Second Class B Common Stock trust position
Stock option position at $82.16
32,251 underlying Class A shares at $82.16
Employee stock option expiring March 24, 2029
Stock option position at $142.47
48,372 underlying Class A shares at $142.47
Employee stock option expiring April 14, 2030
Stock option positions at $274.96
63,667 and 127,334 underlying Class A shares at $274.96
Employee stock options expiring April 21, 2031
Key Terms
Restricted Stock Units, Class B Common Stock, Employee Stock Option (Right to Buy), Payment of exercise price or tax liability by delivering or withholding securities
4 terms
Restricted Stock Units financial
"Transactions involve Restricted Stock Units settling into Class A Common Stock"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Class B Common Stock financial
"Each share of Class B Common Stock is convertible into one share of Class A"
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
"Employee Stock Option (Right to Buy) over Class A Common Stock at set prices"
Payment of exercise price or tax liability by delivering or withholding securities financial
"Code F described as payment of exercise price or tax liability by delivering shares"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did OKTA CEO Todd McKinnon report in this Form 4?
Todd McKinnon reported RSU settlements on September 15, 2026, acquiring 21,049 shares of Class A Common Stock from RSU conversions, with 10,711 shares of Class A delivered or withheld to pay the exercise price or tax liability associated with those awards.
Were the OKTA Form 4 transactions made under a Rule 10b5-1 plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as affirmative, so no Rule 10b5-1 trading plan is reported for the transactions disclosed for Okta CEO Todd McKinnon.
AI-generated analysis. How Rhea-AI works. Not financial advice.
