Okta director receives 2,080 RSU equity grant
SAGAN PAUL reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
SAGAN PAUL reported acquisition or exercise transactions in this Form 4 filing.
Okta, Inc. director Paul Sagan received a grant of 2,080 Restricted Stock Units, each representing one share of Okta Class A common stock. The RSUs vest in full on the earlier of June 18, 2027 or the date immediately prior to Okta’s next regular annual stockholder meeting, contingent on his continued service.
Insider Trade Summary
Grant/Award: 2,080 shares
Grant/Award
1 txn
Insider
SAGAN PAUL
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 2,080 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 2,080 contracts (Direct)
Footnotes (2)
- F1. Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock.
- F2. 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.
Key Figures
RSU grant size: 2,080 RSUs
Underlying shares: 2,080 shares
Vesting date: June 18, 2027
+1 more
4 metrics
RSU grant size
2,080 RSUs
Grant of Restricted Stock Units to director Paul Sagan
Underlying shares
2,080 shares
Each RSU equals one share of Class A common stock
Vesting date
June 18, 2027
Full vesting or earlier date before next regular annual stockholder meeting
Total holdings after grant
2,080 underlying shares
Total shares underlying RSUs following the reported transaction
Key Terms
Restricted Stock Units, Class A Common Stock, vesting, annual stockholder meeting
4 terms
Restricted Stock Units financial
"Each Restricted Stock Unit ("RSU") represents the right to receive one share"
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 A Common Stock financial
"one share of the Issuer's Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
vesting financial
"The RSUs vest in full on the earlier of June 18, 2027"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
annual stockholder meeting financial
"or the date immediately prior to the Issuer's next regular annual stockholder meeting"
An annual stockholder meeting is a yearly gathering where a company's owners (shareholders) receive updates on performance, vote on key issues like board members, executive pay and major corporate plans, and ask questions of management. Think of it as a company town hall where choices about oversight and direction are decided; outcomes can affect management accountability, corporate strategy and ultimately the value and risks of investors’ shares.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Okta (OKTA) director Paul Sagan report?
Paul Sagan reported receiving 2,080 Restricted Stock Units as equity compensation. Each RSU represents one share of Okta Class A common stock, increasing his direct equity-based stake tied to the company’s future performance and service conditions.
When do Paul Sagan’s new Okta (OKTA) RSUs vest?
The RSUs vest in full on the earlier of June 18, 2027, or the date immediately before Okta’s next regular annual stockholder meeting. Vesting requires Sagan’s continued service with Okta through that applicable vesting date as specified in the award terms.
What does each Okta (OKTA) Restricted Stock Unit represent for Paul Sagan?
Each Restricted Stock Unit represents the right to receive one share of Okta’s Class A common stock. Delivery of the shares occurs only if the vesting conditions are satisfied, linking the award’s value directly to Okta’s equity over time.
Is Paul Sagan’s Okta (OKTA) RSU award a purchase or a grant?
The RSU award is a grant classified as a grant, award, or other acquisition transaction. It was reported with transaction code A, indicating equity compensation rather than an open-market stock purchase or sale by the director.
AI-generated analysis. How Rhea-AI works. Not financial advice.
