Okta's Ninan Shibu sells 14,677 shares in October
Each reported RSU has a staged vesting schedule: remaining shares vest in 11 equal quarterly installments, subject to continuous employment on each date.
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Rhea-AI Filing Summary
Okta, Inc. Chief Accounting Officer Ninan Shibu reported sales of 14,677 shares of Class A common stock on October 7 and October 8, 2026. On October 7, the reported sales were 2,700 shares at a weighted average price of $216.3547, 7,875 shares at $217.6240, and 2,100 shares at $218.1982. On October 8, he sold 2,002 shares at $220 per share. The sales were made under a Rule 10b5-1 trading plan adopted on July 8, 2026.
Insights
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Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1 | 2,002 | $220.00 | $440K |
| Sale | Class A Common Stock F1, F2 | 2,700 | $216.3547 | $584K |
| Sale | Class A Common Stock F1, F3 | 7,875 | $217.624 | $1.71M |
| Sale | Class A Common Stock F1, F4 | 2,100 | $218.1982 | $458K |
| holding | Restricted Stock Units F5, F6 | -- | -- | -- |
| holding | Restricted Stock Units F5, F7 | -- | -- | -- |
| holding | Restricted Stock Units F5, F8 | -- | -- | -- |
Footnotes (8)
- F1. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on July 8, 2026.
- F2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $215.78 to $216.71 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 $217.04 to $218.03 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 $218.06 to $218.81 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. Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock.
- F6. 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.
- F7. 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.
- F8. 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.
Key Figures
Key Terms
Rule 10b5-1 trading plan regulatory
weighted average price financial
Restricted Stock Unit financial
equal quarterly installments financial
FAQ
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What were the price ranges for Ninan Shibu's OKTA sales on October 7?
What vesting terms did Ninan Shibu report for OKTA RSUs?
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