Okta CEO sells 11,263 shares in planned trades
Okta, Inc. Chief Executive Officer Todd McKinnon reported open-market sales of 11,263 shares of Class A Common Stock on March 23, 2026, at weighted average prices ranging from $78.40 to $82.09 per share.
Rhea-AI Filing Summary
Okta, Inc. Chief Executive Officer Todd McKinnon reported open-market sales of 11,263 shares of Class A Common Stock on March 23, 2026, at weighted average prices ranging from $78.40 to $82.09 per share. These transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on April 15, 2025, indicating they were scheduled in advance.
After the sales, McKinnon directly held 97,083 shares of Class A Common Stock. He also had substantial additional exposure through indirect holdings of Class B Common Stock held by trusts, representing 6,383,887 and 128,247 underlying Class A shares, plus multiple Restricted Stock Units and fully vested stock options covering additional Class A shares.
Positive
- None.
Negative
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Insider Trade Summary 10b5-1
Net Seller: 11,263 shares
Net Sell
13 txns
Insider
McKinnon Todd
Role
Chief Executive Officer
Sold
11,263 shs ($912K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 400 | $78.7899 | $32K |
| Sale | Class A Common Stock | 2,000 | $80.1884 | $160K |
| Sale | Class A Common Stock | 5,110 | $81.0583 | $414K |
| Sale | Class A Common Stock | 3,753 | $81.6049 | $306K |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| 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) | -- | -- | -- |
| holding | Employee Stock Option (Right to Buy) | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 97,083 shares (Direct);
Class B Common Stock — 6,512,134 contracts (Indirect, By Trust);
Restricted Stock Units — 182,738 contracts (Direct);
Employee Stock Option (Right to Buy) — 271,624 contracts (Direct)
Footnotes (11)
- F1. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on April 15, 2025.
- F2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $78.40 to $79.35 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 $79.48 to $80.41 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the 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 $80.48 to $81.47 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 $81.48 to $82.09 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. 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.
- F7. Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock.
- F8. 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.
- F9. 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.
- F10. 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.
- F11. The shares subject to the option are fully vested and exercisable by the Reporting Person.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Okta (OKTA) CEO Todd McKinnon report in this Form 4 filing?
Todd McKinnon reported selling 11,263 shares of Okta Class A Common Stock in open-market transactions on March 23, 2026. The sales occurred at weighted average prices between $78.40 and $82.09 per share and were executed under a pre-arranged Rule 10b5-1 trading plan.
What derivative and RSU positions does the Okta (OKTA) CEO retain?
The CEO retains Restricted Stock Units representing 103,462, 59,135 and 20,141 underlying Class A shares, each RSU equal to one share. He also holds fully vested stock options on 32,251, 48,372, 63,667 and 127,334 underlying Class A shares with exercise prices from $82.1600 to $274.9600.
AI-generated analysis. How Rhea-AI works. Not financial advice.
