Okta (OKTA) executive gets 73,901 RSUs and sells 16,818 shares at $80
Rhea-AI Filing Summary
Okta, Inc. insider Eric Robert Kelleher reported both a new equity award and a stock sale. He received a grant of 73,901 Restricted Stock Units, each representing one share of Class A common stock at no exercise price. On the same date, he sold 16,818 shares of Class A common stock in an open‑market transaction at $80.00 per share pursuant to a pre‑arranged Rule 10b5‑1 trading plan. After the sale, he directly holds 15,470 shares of Class A common stock, plus multiple unvested RSU awards and vested stock options covering additional Class A and Class B shares.
Positive
- None.
Negative
- None.
Insights
Routine RSU grant paired with pre‑planned share sale; overall neutral signal.
Okta granted Eric Robert Kelleher 73,901 RSUs tied to Class A common stock, a standard stock-based compensation award. The RSUs vest 8.33% initially, then in 11 equal quarterly installments, conditioned on continued employment, which spreads value over several years.
He sold 16,818 Class A shares at $80.00 in an open-market trade executed under a Rule 10b5‑1 trading plan adopted on April 15, 2025, indicating the timing was pre‑scheduled. Following the sale, he still holds 15,470 shares plus sizeable unvested RSUs and several fully vested stock option grants, suggesting this is a routine liquidity event rather than a large position change.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 73,901 | $0.00 | -- |
| Sale | Class A Common Stock | 16,818 | $80.00 | $1.35M |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| 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)
- This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on April 15, 2025. 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 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. 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. The shares subject to the option are fully vested and exercisable by the Reporting Person.
