Okta (OKTA) officer Larissa Schwartz sells 6,377 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Okta, Inc. officer Larissa Schwartz reported open-market sales of a total of 6,377 shares of Class A Common Stock. She sold 2,993 shares at a weighted average price of $76.7263, 2,330 shares at $77.4957, and 1,054 shares at $80.00 per share.
After these sales, she directly holds 48,448 shares of Class A Common Stock. She also holds Restricted Stock Units representing rights to receive 43,109, 24,640 and 7,747 shares of Class A Common Stock, which vest in quarterly installments. The transactions were conducted under a pre-arranged Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insights
Routine planned sales under a 10b5-1 plan with sizable remaining holdings.
Okta officer Larissa Schwartz sold a net 6,377 shares of Class A Common Stock in open-market transactions at prices around $76.73, $77.50, and $80.00. These sales were executed pursuant to a pre-established Rule 10b5-1 trading plan, indicating they were pre-scheduled rather than opportunistic.
Following the trades, she directly owns 48,448 shares and holds multiple RSU awards covering 43,109, 24,640, and 7,747 underlying shares at an exercise price of $0.0000. RSUs vest in quarterly installments beginning on June 15, 2024, June 15, 2025, and June 15, 2026, subject to continued employment, showing ongoing equity exposure.
The transaction scale is modest relative to her visible equity stake and appears as routine liquidity management linked to compensation, rather than a large directional shift. The 10b5-1 structure further supports interpreting the timing as pre-planned, with future vesting schedules continuing to add to potential equity ownership.
Insider Trade Summary 10b5-1
Net Seller: 6,377 shares ($494,527)
Net Sell
6 txns
Insider
Schwartz Larissa
Role
See Remarks
Sold
6,377 shs ($495K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 1,054 | $80.00 | $84K |
| Sale | Class A Common Stock | 2,993 | $76.7263 | $230K |
| Sale | Class A Common Stock | 2,330 | $77.4957 | $181K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 48,448 shares (Direct, null);
Restricted Stock Units — 7,747 shares (Direct, null)
Footnotes (1)
- This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on July 03, 2025. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $76.15 to $77.13 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 $77.15 to $78.00 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 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 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
Total shares sold: 6,377 shares
Sale tranche 1: 2,993 shares at $76.7263
Sale tranche 2: 2,330 shares at $77.4957
+5 more
8 metrics
Total shares sold
6,377 shares
Net open-market sales reported in this Form 4
Sale tranche 1
2,993 shares at $76.7263
Class A Common Stock open-market sale
Sale tranche 2
2,330 shares at $77.4957
Class A Common Stock open-market sale
Sale tranche 3
1,054 shares at $80.00
Class A Common Stock open-market sale
Shares owned after
48,448 shares
Direct Class A Common Stock holdings post-transaction
RSU underlying shares 1
43,109 shares
Restricted Stock Units, $0.0000 exercise price
RSU underlying shares 2
24,640 shares
Restricted Stock Units, $0.0000 exercise price
RSU underlying shares 3
7,747 shares
Restricted Stock Units, $0.0000 exercise price
Key Terms
Rule 10b5-1 trading plan, Restricted Stock Unit, weighted average price, Class A Common Stock, +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 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.
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.
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.
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.
FAQ
What Restricted Stock Units does Larissa Schwartz hold in Okta (OKTA)?
Schwartz holds several RSU awards, each representing one Okta Class A share per unit. The filing shows RSUs covering 43,109, 24,640, and 7,747 underlying shares. These awards vest in quarterly installments tied to dates in 2024, 2025, and 2026, subject to continued employment.
How do the RSU vesting terms work for Larissa Schwartz’s Okta (OKTA) awards?
Each RSU converts into one Okta Class A share upon vesting. For these grants, 8.33% of the shares vested or will vest on June 15, 2024, 2025, or 2026, with the remaining shares vesting in 11 equal quarterly installments, conditioned on her continued employment with Okta.