Okta COO sells 2,549 shares in $430K trade
Okta’s president and COO disclosed a Rule 10b5-1 planned open-market sale of 2,549 Class A shares, retaining direct holdings plus sizable RSU and option positions.
Rhea-AI Filing Summary
Okta, Inc. (OKTA) reports that President and Chief Operating Officer Eric Robert Kelleher sold 2,549 shares of Class A Common Stock on September 11, 2026 at a weighted average price of $168.5534 per share in an open-market transaction under a Rule 10b5-1 trading plan adopted June 12, 2026. Following this sale, he holds 17,069 shares directly, plus multiple outstanding RSU awards and fully vested employee stock options covering additional shares of Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 2,549 shares
Net Sell
7 txns
Insider
Kelleher Eric Robert
Role
See Remarks
Sold
2,549 shs ($430K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1, F2 | 2,549 | $168.5534 | $430K |
| holding | Restricted Stock Units F3, F4 | -- | -- | -- |
| holding | Restricted Stock Units F3, F5 | -- | -- | -- |
| holding | Restricted Stock Units F3, F6 | -- | -- | -- |
| holding | Employee Stock Option (Right to Buy) F7 | -- | -- | -- |
| holding | Employee Stock Option (Right to Buy) F7 | -- | -- | -- |
| holding | Employee Stock Option (Right to Buy) F7 | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 17,069 shares (Direct);
Restricted Stock Units — 119,227 contracts (Direct);
Employee Stock Option (Right to Buy) — 22,334 contracts (Direct)
Footnotes (7)
- F1. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 12, 2026.
- F2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $168.365 to $169.09 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the 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. Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock.
- F4. 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.
- F5. 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.
- F6. 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.
- F7. The shares subject to the option are fully vested and exercisable by the Reporting Person.
Key Figures
Shares sold: 2,549 shares
Weighted average sale price: $168.5534 per share
Approximate transaction value: about $429,648
+5 more
8 metrics
Shares sold
2,549 shares
Class A Common Stock sale on September 11, 2026
Weighted average sale price
$168.5534 per share
Open-market sale of 2,549 Class A shares
Approximate transaction value
about $429,648
2,549 shares sold at a weighted average price of $168.5534
Direct holdings after transaction
17,069 shares
Class A Common Stock held directly by Eric Robert Kelleher post-sale
RSU underlying shares (grant 1)
14,525 shares
Restricted Stock Units representing Okta Class A Common Stock
RSU underlying shares (grant 2)
36,959 shares
Restricted Stock Units representing Okta Class A Common Stock
RSU underlying shares (grant 3)
67,743 shares
Restricted Stock Units representing Okta Class A Common Stock
Stock option exercise prices
$211.86; $274.96; $255.38 per share
Fully vested employee stock options expiring 2030–2031
Key Terms
Rule 10b5-1 trading plan, Restricted Stock Unit, weighted average price, Employee Stock Option (Right to Buy)
4 terms
Rule 10b5-1 trading plan regulatory
"This transaction was effected pursuant to a Rule 10b5-1 trading plan"
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.
Employee Stock Option (Right to Buy) financial
"Employee Stock Option (Right to Buy) ... underlying shares of Class A"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did OKTA report for Eric Robert Kelleher on September 11, 2026?
Eric Robert Kelleher sold 2,549 shares of Okta Class A Common Stock on September 11, 2026 in an open-market transaction at a weighted average price of $168.5534 per share, according to the Form 4.
Was the September 11, 2026 OKTA insider sale under a Rule 10b5-1 plan?
Yes. The Form 4 states the sale was effected pursuant to a Rule 10b5-1 trading plan adopted by Eric Robert Kelleher on June 12, 2026, indicating the trades were pre-arranged under that plan.
What RSU positions tied to OKTA stock does Eric Robert Kelleher report?
He reports three Restricted Stock Unit positions, each RSU representing one share of Class A Common Stock, with 14,525, 36,959, and 67,743 underlying shares respectively, subject to quarterly vesting schedules described in the footnotes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
