Okta director converts, gifts 6,000 shares
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Form Type
4
Rhea-AI Filing Summary
Okta, Inc. (OKTA) reported that director Jacques Frederic Kerrest, through a trust, converted 6,000 shares of Class B Common Stock into Class A Common Stock on September 4, 2026, then made a bona fide gift of 6,000 Class A shares on September 9, 2026 to a Kerrest Johnson family charitable donor advised fund. No transactions were made under a Rule 10b5-1 trading plan. Kerrest continues to hold direct Class A shares, RSUs and multiple employee stock options, as well as significant indirect Class B interests convertible into Class A.
Insider Trade Summary
6,000 shares exercised/converted
Exercise
12 txns
Insider
Kerrest Jacques Frederic
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class A Common Stock F2 | 6,000 | $0.00 | $0.00 |
| Conversion | Class B Common Stock F1 | 6,000 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1 | 6,000 | $0.00 | $0.00 |
| holding | Class B Common Stock F1 | -- | -- | -- |
| holding | Class B Common Stock F1 | -- | -- | -- |
| holding | Restricted Stock Units F3, F4 | -- | -- | -- |
| holding | Employee Stock Option (Right to Buy) F5 | -- | -- | -- |
| holding | Employee Stock Option (Right to Buy) F5 | -- | -- | -- |
| holding | Employee Stock Option (Right to Buy) F5 | -- | -- | -- |
| holding | Employee Stock Option (Right to Buy) F5 | -- | -- | -- |
| holding | Employee Stock Option (Right to Buy) F5 | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 1,077,631 contracts for 271,944 underlying shares (Indirect, By Trust);
Class A Common Stock — 0 shares (Indirect, By Trust);
Restricted Stock Units — 2,080 contracts (Direct);
Employee Stock Option (Right to Buy) — 267,010 contracts (Direct);
Class A Common Stock — 7,123 shares (Direct)
Footnotes (5)
- 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. The transaction reported involved a gift by the Trust of 6,000 shares of Class A Common Stock to the American Endowment Foundation FBO Kerrest Johnson Family Charitable Fund, a donor advised fund.
- F3. Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock.
- F4. The RSUs vest in full on the earlier of June 18, 2027 or the date immediately prior to the Issuer's next regular annual stockholder meeting, subject to the Reporting Person's continued service to the Issuer through such vesting date.
- F5. The shares subject to the option are fully vested and exercisable by the Reporting Person.
Key Figures
Class B to Class A conversion: 6,000 shares
Gifted Class A shares: 6,000 shares
Direct Class A holdings: 7,123 shares
+4 more
7 metrics
Class B to Class A conversion
6,000 shares
Converted by trust on September 4, 2026
Gifted Class A shares
6,000 shares
Gift by trust on September 9, 2026 to family charitable donor advised fund
Direct Class A holdings
7,123 shares
Directly held by reporting person after reported transactions
RSUs outstanding
2,080 units
Each RSU represents one Okta Class A share; vests by June 18, 2027 or before next annual meeting
Stock option position 1
114,000 shares at $39.21
Fully vested employee stock option, expires March 21, 2028
Indirect convertible Class B position 1
114,276 underlying shares
Class B Common Stock held indirectly through a trust, convertible 1-for-1 into Class A
Indirect convertible Class B position 2
157,668 underlying shares
Additional Class B Common Stock held indirectly through a trust, convertible 1-for-1 into Class A
Key Terms
bona fide gift, Restricted Stock Unit, donor advised fund, Employee Stock Option (Right to Buy), +1 more
5 terms
bona fide gift financial
"The transaction reported involved a gift by the Trust of 6,000 shares"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
Restricted Stock Unit financial
"Each Restricted Stock Unit ("RSU") represents the right to receive one share"
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.
donor advised fund financial
"to the American Endowment Foundation FBO Kerrest Johnson Family Charitable Fund, a donor advised fund"
A donor advised fund is a charitable savings account you fund with cash or assets (including stocks) that lets you take an immediate tax benefit while recommending when and which charities receive grants over time. Think of it like a dedicated piggy bank for giving: you get tax relief when you put money in, can avoid selling appreciated securities and triggering capital gains, and still control the timing and recipients of donations, which affects tax planning, portfolio decisions, and public giving signals.
Employee Stock Option (Right to Buy) financial
"Employee Stock Option (Right to Buy) ... underlying Security Title Class A Common Stock"
Class B Common Stock financial
"Each share of Class B Common Stock is convertible into one share"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Okta (OKTA) report for Jacques Frederic Kerrest?
Okta reported that Jacques Frederic Kerrest, via a trust, converted 6,000 Class B shares into 6,000 Class A shares on September 4, 2026 and then made a bona fide gift of 6,000 Class A shares on September 9, 2026 to a charitable donor advised fund.
Was Kerrest’s September 2026 Okta (OKTA) stock activity under a Rule 10b5-1 plan?
No. The filing indicates no Rule 10b5-1 trading plan applies to these transactions, meaning the September 2026 conversion of 6,000 Class B shares and the 6,000-share Class A gift were not reported as executed under a pre-arranged trading plan.
What Okta (OKTA) equity awards does Kerrest still hold after these transactions?
Kerrest continues to hold 2,080 RSUs (each for one Class A share), multiple employee stock options over 114,000, 71,547, 41,673, 13,263 and 26,527 Class A shares at exercise prices from $39.21 to $274.96, and 7,123 directly held Class A shares.
What indirect Okta (OKTA) holdings tied to Class B stock does Kerrest have?
Through trusts, Kerrest is associated with Class B Common Stock positions convertible into 114,276 and 157,668 underlying Okta Class A shares. Each Class B share is convertible 1-for-1 into Class A at the holder’s option and has no expiration date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
