Okta (OKTA) officer Eric Kelleher sells 3,977 shares in planned trades
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Okta, Inc. officer Eric Robert Kelleher reported open-market sales of 3,977 shares of Class A Common Stock. The sales occurred on June 18, 2026 under a pre-arranged Rule 10b5-1 trading plan adopted on April 15, 2025.
The shares were sold in multiple transactions at weighted average prices, with individual trades executed in ranges from about $107.54 to $118.07 per share, as detailed in several price-range footnotes. Following these sales, Kelleher directly holds 23,395 shares of Okta Class A Common Stock.
He also retains equity-based incentives, including vested employee stock options to purchase 12,587, 6,792, and 2,955 shares at exercise prices of $255.38, $274.96, and $211.86 per share, respectively, and multiple blocks of restricted stock units representing additional rights to receive Okta Class A shares over time.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 3,977 shares ($453,770)
Net Sell
13 txns
Insider
Kelleher Eric Robert
Role
See Remarks
Sold
3,977 shs ($454K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 200 | $107.975 | $22K |
| Sale | Class A Common Stock | 400 | $109.005 | $44K |
| Sale | Class A Common Stock | 1,000 | $111.0467 | $111K |
| Sale | Class A Common Stock | 300 | $112.1483 | $34K |
| Sale | Class A Common Stock | 200 | $115.335 | $23K |
| Sale | Class A Common Stock | 1,777 | $117.5945 | $209K |
| Sale | Class A Common Stock | 100 | $118.49 | $12K |
| holding | Restricted Stock Units | -- | -- | -- |
| 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) | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 23,395 shares (Direct, null);
Restricted Stock Units — 14,525 shares (Direct, null);
Employee Stock Option (Right to Buy) — 2,955 shares (Direct, null)
Footnotes (1)
- This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on April 15, 2025. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $107.54 to $108.41 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the U.S. Securities and Exchange Commission (the "SEC"), upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. Includes 130 shares of Class A Common Stock acquired under a Section 423 Employee Stock Purchase Plan. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $108.80 to $109.53 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $110.70 to $111.54 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $111.935 to $112.38 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $115.17 to $115.50 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $117.11 to $118.07 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. 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 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. 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. The shares subject to the option are fully vested and exercisable by the Reporting Person.
Key Figures
Shares sold: 3,977 shares
Post-sale holdings: 23,395 shares
Example sale price: $118.49 per share
+5 more
8 metrics
Shares sold
3,977 shares
Class A Common Stock sold on June 18, 2026
Post-sale holdings
23,395 shares
Class A Common Stock held directly after transactions
Example sale price
$118.49 per share
One reported weighted average sale price
Lowest sale range price
$107.54 per share
Lower bound of one disclosed sale price range
Option exercise price
$255.38 per share
Employee stock option on 12,587 underlying shares, expiring 2031-09-22
Option exercise price
$274.96 per share
Employee stock option on 6,792 underlying shares, expiring 2031-04-21
Largest RSU block
67,743 shares
Restricted Stock Units convertible into Class A Common Stock
Net share change
-3,977 shares
Net buy/sell shares in transaction summary (net-sell)
Key Terms
Rule 10b5-1 trading plan, Restricted Stock Unit ("RSU"), weighted average price, Section 423 Employee Stock Purchase Plan, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on April 15, 2025."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Restricted Stock Unit ("RSU") financial
"Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock."
weighted average price financial
"The reported price in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Section 423 Employee Stock Purchase Plan regulatory
"Includes 130 shares of Class A Common Stock acquired under a Section 423 Employee Stock Purchase Plan."
fully vested and exercisable financial
"The shares subject to the option are fully vested and exercisable by the Reporting Person."
FAQ
What did Okta (OKTA) officer Eric Robert Kelleher report in this Form 4?
Eric Robert Kelleher reported selling 3,977 shares of Okta Class A Common Stock in open-market transactions on June 18, 2026. These trades were executed under a pre-arranged Rule 10b5-1 trading plan adopted on April 15, 2025.
What equity awards in Okta (OKTA) does Eric Robert Kelleher still hold?
Kelleher holds vested employee stock options covering 12,587, 6,792, and 2,955 underlying shares at exercise prices of $255.38, $274.96, and $211.86. He also holds several restricted stock unit awards representing tens of thousands of additional Okta Class A shares.
How do the RSUs in this Okta (OKTA) Form 4 vest over time?
Footnotes explain that 8.33% of certain RSU grants vested on June 15 of 2024, 2025 or 2026, respectively. The remaining RSU shares vest in 11 equal quarterly installments, subject to Kelleher’s continuous employment with Okta on each scheduled vesting date.