Okta (OKTA) director Kerrest exercises RSUs, maintains large trust holdings
Rhea-AI Filing Summary
Okta director Jacques Frederic Kerrest reported routine equity compensation activity involving restricted stock units and related tax withholding. On March 15, 2026, 843 Restricted Stock Units converted into 843 shares of Okta Class A Common Stock at an exercise price of $0.00 per share. To cover tax obligations, 245 of these Class A shares were withheld, leaving Kerrest with 4,636 Class A shares held directly after the transactions. He also continues to hold unvested or unexercised equity: footnotes show 2,487 Class A shares underlying RSUs that vest in full on the earlier of June 24, 2026 or just before the next annual stockholder meeting, along with several fully vested employee stock options covering tens of thousands of Class A shares at exercise prices ranging from $39.21 to $274.96 per share and expirations between 2028 and 2031. In addition, trusts associated with Kerrest hold indirect positions in Class B Common Stock convertible one-for-one into Class A, including blocks of 843,487, 88,776, and 157,668 underlying Class A shares, plus 500 Class A shares held indirectly by trust.
Positive
- None.
Negative
- None.
Insights
Routine RSU vesting and tax withholding; overall equity exposure remains large.
Director Jacques Frederic Kerrest had 843 RSUs convert into an equal number of Okta Class A shares at $0.00 exercise price, reflecting standard equity compensation rather than an open-market purchase. A portion of the new shares was then withheld to satisfy tax obligations.
The filing shows 245 Class A shares withheld under code F, which is a non‑market tax payment mechanism. After these events, Kerrest holds 4,636 Class A shares directly, plus significant unexercised options and RSUs that are fully vested or scheduled to vest.
Indirect holdings through trusts include several large Class B Common Stock positions convertible one-for-one into Class A. Because there are no open‑market buys or sells and the net change is small relative to his overall equity exposure, this filing signals routine compensation administration rather than a shift in sentiment.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 843 | $0.00 | -- |
| Exercise | Class A Common Stock | 843 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 245 | $0.00 | -- |
| 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) | -- | -- | -- |
| holding | Employee Stock Option (Right to Buy) | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock. The shares underlying the RSU fully vested on March 15, 2026. The RSUs vest in full on the earlier of June 24, 2026 or the date immediately prior to the Issuer's next regular annual stockholder meeting, subject to the Reporting Person's continued service to the Issuer through such vesting date. The shares subject to the option are fully vested and exercisable by the Reporting Person. 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.
