Okta (NASDAQ: OKTA) CFO exercises RSUs and reports tax-withheld shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Okta, Inc. Chief Financial Officer Brett Tighe reported routine equity compensation activity involving Restricted Stock Units (RSUs) and related tax withholding. On June 15, 2026, he exercised RSUs to acquire a total of 12,012 shares of Class A Common Stock, with no open-market purchases or sales reported.
To cover tax obligations, 4,729 Class A shares were disposed of through issuer tax-withholding transactions coded "F" at a price of $0.00 per share, which are not market sales. Following these transactions, one direct Class A holding shows 122,029 shares, and he also has indirect holdings through a trust.
Derivatives data indicate continued exposure to Okta stock, including 69,046 shares of Class B Common Stock held indirectly that are convertible into Class A Common Stock on a one-for-one basis with no expiration date. Footnotes clarify that each RSU converts into one share of Class A stock and that RSU awards vest in quarterly installments, subject to continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
12,012 shares exercised/converted
Mixed
11 txns
Insider
Tighe Brett
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 3,874 | $0.00 | -- |
| Exercise | Restricted Stock Units | 3,520 | $0.00 | -- |
| Exercise | Restricted Stock Units | 4,618 | $0.00 | -- |
| Exercise | Class A Common Stock | 3,874 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 1,525 | $0.00 | -- |
| Exercise | Class A Common Stock | 3,520 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 1,386 | $0.00 | -- |
| Exercise | Class A Common Stock | 4,618 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 1,818 | $0.00 | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 11,620 shares (Direct, null);
Class A Common Stock — 123,554 shares (Direct, null);
Class B Common Stock — 69,046 shares (Indirect, By Trust);
Class A Common Stock — 1,250 shares (Indirect, By Trust)
Footnotes (1)
- 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. 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.
Key Figures
RSU shares exercised: 12,012 shares
Shares withheld for taxes: 4,729 shares
Direct Class A holding: 122,029 shares
+1 more
4 metrics
RSU shares exercised
12,012 shares
RSUs converted into Class A Common Stock on June 15, 2026
Shares withheld for taxes
4,729 shares
Class A shares delivered for tax liabilities via F-code transactions
Direct Class A holding
122,029 shares
One reported post-transaction Class A Common Stock position
Convertible Class B holding
69,046 shares
Class B Common Stock indirectly held, convertible 1:1 into Class A
Key Terms
Restricted Stock Units, tax-withholding disposition, Class B Common Stock, derivative security, +1 more
5 terms
Restricted Stock Units financial
"Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock."
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.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Class B Common Stock financial
"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."
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.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
vesting financial
"the remaining shares underlying the RSU shall vest in 11 equal quarterly installments thereafter"
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.
