Okta (OKTA) CEO Todd McKinnon sells 68,936 shares under Rule 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Okta, Inc. Chief Executive Officer Todd McKinnon reported open-market sales of 68,936 shares of Class A Common Stock on July 8, 2026, executed under a pre-arranged Rule 10b5-1 trading plan. He continues to hold vested stock options, RSUs, and significant Class B shares held indirectly through trusts.
Positive
- None.
Negative
- None.
Insights
CEO Todd McKinnon sold 68,936 Okta shares under a pre-set 10b5-1 plan.
Okta’s CEO, Todd McKinnon, reported open-market sales totaling 68,936 shares of Class A Common Stock on July 8, 2026. The weighted-average prices per share ranged from about $144.93 to $148.84, with four sale tranches disclosed.
A footnote states the trades were effected pursuant to a Rule 10b5-1 trading plan adopted on April 8, 2026, indicating they were pre-scheduled rather than discretionary timing decisions. McKinnon continues to hold fully vested employee stock options with exercise prices of $82.16, $142.47, and $274.96, multiple RSU awards, and large indirect holdings of Class B Common Stock convertible one-for-one into Class A.
Because the sales are plan-driven and the filing shows substantial remaining equity exposure via options, RSUs, and Class B shares held by trusts, this activity appears as routine portfolio and compensation management rather than a thesis-changing event.
Insider Trade Summary 10b5-1
Net Seller: 68,936 shares ($10,107,672)
Net Sell
13 txns
Insider
McKinnon Todd
Role
Chief Executive Officer
Sold
68,936 shs ($10.11M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 12,695 | $145.629 | $1.85M |
| Sale | Class A Common Stock | 29,502 | $146.3878 | $4.32M |
| Sale | Class A Common Stock | 25,034 | $147.3023 | $3.69M |
| Sale | Class A Common Stock | 1,705 | $148.1604 | $253K |
| 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 — 94,725 shares (Direct);
Class B Common Stock — 6,383,887 shares (Indirect, By Trust);
Restricted Stock Units — 15,106 shares (Direct);
Employee Stock Option (Right to Buy) — 32,251 shares (Direct)
Footnotes (1)
- This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on April 8, 2026. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $144.9321 to $145.9273 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. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $145.9335 to $146.9331 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. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $146.9337 to $147.9327 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. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $147.9353 to $148.8407 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. 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. 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. The shares subject to the option are fully vested and exercisable by the Reporting Person.
Key Figures
Shares sold: 68,936 shares
Weighted-average sale price example: $148.1604 per share
Lowest price range: $144.9321 to $145.9273 per share
+5 more
8 metrics
Shares sold
68,936 shares
Total Class A Common Stock sold by Todd McKinnon on July 8, 2026
Weighted-average sale price example
$148.1604 per share
Weighted-average price for one reported sale tranche of 1,705 shares
Lowest price range
$144.9321 to $145.9273 per share
Price range for one group of sales noted in a weighted-average footnote
Highest price range
$147.9353 to $148.8407 per share
Price range for another group of sales in the same trading day
Option exercise price
$82.16 per share
Exercise price of one fully vested employee stock option grant
Option exercise price
$142.47 per share
Exercise price of another fully vested employee stock option grant
Option exercise price
$274.96 per share
Exercise price of additional fully vested employee stock option grants
RSU vesting schedule
8.33% initial vest, 11 quarterly installments
Structure of RSU vesting beginning June 15, 2024, 2025, and 2026
Key Terms
Rule 10b5-1 trading plan, Restricted Stock Unit, Class B Common Stock, weighted average price, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted"
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 financial
"Each Restricted Stock Unit ("RSU") represents the right to receive one share"
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.
weighted average price financial
"The 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.
vesting financial
"8.33% of the shares underlying the RSU vested on June 15, 2024"
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.
FAQ
What did Okta (OKTA) CEO Todd McKinnon report in this Form 4?
Todd McKinnon reported open-market sales totaling 68,936 shares of Okta Class A Common Stock on July 8, 2026, executed at weighted-average prices around the mid-$140s per share.
What stock options does Okta (OKTA) CEO Todd McKinnon still hold after these trades?
He continues to hold fully vested employee stock options on Okta Class A shares with exercise prices of $82.16, $142.47, and $274.96, each with stated expiration dates between 2029 and 2031.