Okta CEO Todd McKinnon sells 48,822 shares
Okta, Inc. Chief Executive Officer Todd McKinnon sold 48,822 shares of Class A common stock in 10 direct sales on September 22, 2026, under a Rule 10b5-1 trading plan adopted on April 8, 2026.
Rhea-AI Filing Summary
Okta, Inc. Chief Executive Officer Todd McKinnon sold 48,822 shares of Class A common stock in 10 direct sales on September 22, 2026, under a Rule 10b5-1 trading plan adopted on April 8, 2026. The ten reported weighted-average prices ranged from $189.0428 to $197.7892 per share.
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Insights
Analyzing...
Insider Trade Summary 10b5-1
Net Seller: 48,822 shares
Net Sell
19 txns
Insider
McKinnon Todd
Role
Chief Executive Officer
Sold
48,822 shs ($9.45M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1, F2 | 4,793 | $189.0428 | $906K |
| Sale | Class A Common Stock F1, F3 | 6,961 | $190.0467 | $1.32M |
| Sale | Class A Common Stock F1, F4 | 3,970 | $190.8133 | $758K |
| Sale | Class A Common Stock F1, F5 | 5,337 | $192.0213 | $1.02M |
| Sale | Class A Common Stock F1, F6 | 4,558 | $192.8776 | $879K |
| Sale | Class A Common Stock F1, F7 | 2,101 | $194.2389 | $408K |
| Sale | Class A Common Stock F1, F8 | 3,194 | $195.4581 | $624K |
| Sale | Class A Common Stock F1, F9 | 9,996 | $196.2444 | $1.96M |
| Sale | Class A Common Stock F1, F10 | 6,065 | $197.2005 | $1.20M |
| Sale | Class A Common Stock F1, F11 | 1,847 | $197.7892 | $365K |
| holding | Class B Common Stock F12 | -- | -- | -- |
| holding | Class B Common Stock F12 | -- | -- | -- |
| holding | Restricted Stock Units F13, F14 | -- | -- | -- |
| holding | Restricted Stock Units F13, F15 | -- | -- | -- |
| holding | Restricted Stock Units F13, F16 | -- | -- | -- |
| holding | Employee Stock Option (Right to Buy) F17 | -- | -- | -- |
| holding | Employee Stock Option (Right to Buy) F17 | -- | -- | -- |
| holding | Employee Stock Option (Right to Buy) F17 | -- | -- | -- |
| holding | Employee Stock Option (Right to Buy) F17 | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 0 shares (Direct);
Class B Common Stock — 6,512,134 contracts (Indirect, By Trust);
Restricted Stock Units — 140,641 contracts (Direct);
Employee Stock Option (Right to Buy) — 271,624 contracts (Direct)
Footnotes (17)
- F1. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on April 8, 2026.
- F2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $188.43 to $189.423 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.
- F3. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $189.4552 to $190.455 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.
- F4. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $190.4565 to $191.4564 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.
- F5. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $191.4686 to $192.4647 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.
- F6. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $192.48 to $193.45 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.
- F7. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $193.54 to $194.53 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.
- F8. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $194.75 to $195.74 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.
- F9. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $195.78 to $196.77 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.
- F10. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $196.78 to $197.6653 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.
- F11. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $197.69 to $198.019 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.
- F12. 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.
- F13. Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock.
- F14. 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.
- F15. 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.
- F16. 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.
- F17. The shares subject to the option are fully vested and exercisable by the Reporting Person.
Key Figures
Class A shares sold: 48,822 shares
Sale transactions: 10 transactions
Reported weighted-average sale price: $189.0428 per share
+2 more
5 metrics
Class A shares sold
48,822 shares
10 direct sales on September 22, 2026
Sale transactions
10 transactions
September 22, 2026
Reported weighted-average sale price
$189.0428 per share
4,793 shares sold on September 22, 2026
Reported weighted-average sale price
$197.7892 per share
1,847 shares sold on September 22, 2026
Rule 10b5-1 plan adoption date
April 8, 2026
Plan covering the reported sales
Key Terms
Rule 10b5-1 trading plan, weighted average price, Restricted Stock Unit, Class B Common Stock
4 terms
Rule 10b5-1 trading plan financial
"effected pursuant to a Rule 10b5-1 trading plan"
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.
weighted average price financial
"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.
Restricted Stock Unit financial
"Each Restricted Stock Unit"
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.
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.
Were Todd McKinnon's OKTA sales made under a trading plan?
The sales were effected pursuant to a Rule 10b5-1 trading plan Todd McKinnon adopted on April 8, 2026.
What stock options are listed among the OKTA CEO's holdings?
The holdings list employee stock options over 32,251 shares at $82.16, expiring March 24, 2029; 48,372 shares at $142.47, expiring April 14, 2030; and 63,667 and 127,334 shares at $274.96, both expiring April 21, 2031.
AI-generated analysis. How Rhea-AI works. Not financial advice.
