Okta officer sells 24,971 shares under 10b5-1 plan
Okta, Inc. officer Larissa Schwartz reported open-market sales of 24,971 shares of Class A Common Stock on June 2, 2026.
Rhea-AI Filing Summary
Okta, Inc. officer Larissa Schwartz reported open-market sales of 24,971 shares of Class A Common Stock on June 2, 2026. The trades were executed at weighted average prices within ranges from $129.28 to $136.91 per share.
The sales were made pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on July 3, 2025. Following these transactions, Schwartz directly holds 47,048 shares of Class A Common Stock and retains unexercised Restricted Stock Units representing 43,109, 24,640, and 7,747 underlying shares that vest over time.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 24,971 shares
Net Sell
11 txns
Insider
Schwartz Larissa
Role
See Remarks
Sold
24,971 shs ($3.35M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 1,400 | $129.904 | $182K |
| Sale | Class A Common Stock | 2,500 | $130.814 | $327K |
| Sale | Class A Common Stock | 2,500 | $131.7619 | $329K |
| Sale | Class A Common Stock | 1,100 | $132.9119 | $146K |
| Sale | Class A Common Stock | 1,200 | $133.7183 | $160K |
| Sale | Class A Common Stock | 8,074 | $135.0802 | $1.09M |
| Sale | Class A Common Stock | 6,727 | $135.7163 | $913K |
| Sale | Class A Common Stock | 1,470 | $136.6167 | $201K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 23,477 shares (Direct);
Restricted Stock Units — 75,496 contracts (Direct)
Footnotes (13)
- F1. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on July 03, 2025.
- F2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $129.28 to $130.25 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 $130.29 to $131.23 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 $131.29 to $132.26 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 $132.35 to $133.33 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 $133.36 to $134.33 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 $134.36 to $135.33 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 $135.36 to $136.30 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 $136.39 to $136.91 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. Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock.
- F11. 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.
- F12. 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.
- F13. 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.
Key Figures
Shares sold: 24,971 shares
Common shares held after transactions: 47,048 shares
RSU underlying shares grant 1: 43,109 shares
+4 more
7 metrics
Shares sold
24,971 shares
Open-market sales on June 2, 2026
Common shares held after transactions
47,048 shares
Direct Class A Common Stock position following sales
RSU underlying shares grant 1
43,109 shares
Restricted Stock Units, direct, each RSU = one Class A share
RSU underlying shares grant 2
24,640 shares
Restricted Stock Units, direct, each RSU = one Class A share
RSU underlying shares grant 3
7,747 shares
Restricted Stock Units, direct, each RSU = one Class A share
Price range low
$129.28/share
Low end of weighted-average price range for reported sales
Price range high
$136.91/share
High end of weighted-average price range for reported sales
Key Terms
Rule 10b5-1 trading plan, Restricted Stock Unit ("RSU"), weighted average price, vesting, +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"
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. These shares were sold in multiple transactions"
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.
vesting financial
"8.33% of the shares underlying the RSU vested on June 15, 2024, and the remaining shares underlying the RSU shall vest"
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.
Class A Common Stock financial
"Each Restricted Stock Unit ("RSU") represents the right to receive 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Okta (OKTA) report for Larissa Schwartz?
Okta reported that officer Larissa Schwartz sold 24,971 shares of Class A Common Stock on June 2, 2026. These were open-market sales executed in multiple trades at weighted average prices within specified ranges.
Were Larissa Schwartz’s Okta (OKTA) stock sales under a Rule 10b5-1 plan?
Yes. The filing states the transactions were effected under a Rule 10b5-1 trading plan adopted on July 3, 2025. Such plans pre-schedule trades, helping separate selling activity from day-to-day market timing decisions.
What Restricted Stock Units (RSUs) does Larissa Schwartz have at Okta (OKTA)?
Schwartz holds Restricted Stock Units that each convert into one Class A share. RSUs cover 43,109, 24,640, and 7,747 underlying shares, vesting in quarterly installments, subject to her continued employment with Okta.
How do the RSUs in the Okta (OKTA) filing vest for Larissa Schwartz?
For each RSU grant, 8.33% of underlying shares vests on a specified June 15 date, with the remaining shares vesting in 11 equal quarterly installments. Vesting continues only while Schwartz remains continuously employed by Okta.
AI-generated analysis. How Rhea-AI works. Not financial advice.
