[Form 4] Okta, Inc. Insider Trading Activity
Rhea-AI Filing Summary
Okta insider sale under 10b5-1 plan. Jonathan James Addison, Okta's Chief Revenue Officer, reported sales executed on 09/18/2025 under a Rule 10b5-1 trading plan adopted April 14, 2025. The Form 4 shows four sell transactions totaling 6,091 shares at weighted average prices in ranges from $90.91 to $93.96 per share. After these sales, the filing reports remaining direct holdings in multiple Class A common stock lots (examples: 12,758; 8,942; 7,167; 7,067 shares) and 66,871 restricted stock units that convert one-for-one to shares subject to vesting schedules. The Form 4 was signed by an attorney-in-fact on 09/22/2025.
Positive
- Transactions were executed pursuant to a Rule 10b5-1 trading plan, improving clarity on intent
- Filing discloses detailed RSU balances and vesting schedules, enhancing transparency about future dilution
Negative
- The reporting person sold 6,091 shares on 09/18/2025, which may be perceived negatively by some investors
- Sales occurred at prices between $90.91 and $93.96, reducing the officer's immediate shareholdings
Insights
TL;DR: Routine insider sales under a documented 10b5-1 plan; disclosure aligns with Section 16 requirements.
The Form 4 discloses that the Chief Revenue Officer executed multiple sales on 09/18/2025 pursuant to a Rule 10b5-1 plan adopted April 14, 2025, and the filing provides weighted-average price ranges for the transactions. The disclosure includes detailed post-transaction holdings and extensive RSU vesting schedules, which meet typical transparency expectations for officer-level transactions. There is no additional information in the filing about changes to employment, material corporate events, or unusual timing.
TL;DR: Insider sold 6,091 shares across multiple trades; RSU balances and vesting schedules remain substantial.
The reporting shows four separate dispositions totaling 6,091 shares with reported weighted-average sale prices in ranges from $90.91 to $93.96. The filing also enumerates 66,871 RSUs outstanding to the reporting person with specified vesting percentiles and installment schedules. These facts describe portfolio adjustments by an officer rather than a material corporate development; the 10b5-1 plan adoption date and the detailed price ranges improve traceability of the trades.