Okta (OKTA) director awarded RSUs while trust gifts 6,800 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Okta, Inc. director Jacques Frederic Kerrest reported two main insider moves. A trust associated with him made a bona fide gift of 6,800 shares of Class A Common Stock to the American Endowment Foundation FBO Kerrest Johnson Family Charitable Fund, a donor advised fund. Separately, he received a grant of 2,080 Restricted Stock Units, each representing one share of Class A Common Stock, which vest in full on the earlier of June 18, 2027 or immediately before Okta’s next regular annual stockholder meeting, subject to his continued service. He now directly holds 7,123 Class A shares and several fully vested employee stock options, including 114,000 underlying shares at $39.21 expiring in 2028 and 71,547 shares at $82.16 expiring in 2029. Trusts also hold Class B Common Stock that is convertible into Class A on a one-for-one basis with no expiration date.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,800 shares gifted
Mixed
11 txns
Insider
Kerrest Jacques Frederic
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 2,080 | $0.00 | -- |
| Gift | Class A Common Stock | 6,800 | $0.00 | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| 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 A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 2,080 shares (Direct, null);
Class A Common Stock — 0 shares (Indirect, By Trust);
Class B Common Stock — 837,187 shares (Indirect, By Trust);
Employee Stock Option (Right to Buy) — 114,000 shares (Direct, null);
Class A Common Stock — 7,123 shares (Direct, null)
Footnotes (1)
- 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. The transaction reported involved a gift by the Trust of 6,800 shares of Class A Common Stock to the American Endowment Foundation FBO Kerrest Johnson Family Charitable Fund, a donor advised fund. Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock. The RSUs vest in full on the earlier of June 18, 2027 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.
Key Figures
Gifted Class A shares: 6,800 shares
RSU grant: 2,080 units
Direct Class A holdings: 7,123 shares
+5 more
8 metrics
Gifted Class A shares
6,800 shares
Bona fide gift by trust to donor advised fund
RSU grant
2,080 units
RSUs representing Class A shares awarded to director
Direct Class A holdings
7,123 shares
Class A Common Stock held directly after transactions
Option at $39.21
114,000 underlying shares
Employee stock option, exercise price $39.21, expires 2028-03-21
Option at $82.16
71,547 underlying shares
Employee stock option, exercise price $82.16, expires 2029-03-24
Option at $142.47
41,673 underlying shares
Employee stock option, exercise price $142.47, expires 2030-04-14
Option at $274.96
26,527 underlying shares
Employee stock option, exercise price $274.96, expires 2031-04-21
Convertible Class B holdings
157,668 underlying shares
Class B held indirectly by trust, convertible 1:1 into Class A
Key Terms
Restricted Stock Unit, bona fide gift, donor advised fund, Class B Common Stock, +2 more
6 terms
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.
bona fide gift financial
"transaction_code_description": "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
donor advised fund financial
"a donor advised fund."
A donor advised fund is a charitable savings account you fund with cash or assets (including stocks) that lets you take an immediate tax benefit while recommending when and which charities receive grants over time. Think of it like a dedicated piggy bank for giving: you get tax relief when you put money in, can avoid selling appreciated securities and triggering capital gains, and still control the timing and recipients of donations, which affects tax planning, portfolio decisions, and public giving signals.
Class B Common Stock financial
"Each share of Class B Common Stock is convertible into one share"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
Employee Stock Option financial
"Employee Stock Option (Right to Buy)"
An employee stock option is a promise that lets a worker buy company shares later at a predetermined price, often after they stay for a certain period or meet performance goals — think of it like a coupon that locks in today's price for a future purchase. It matters to investors because options align employees’ incentives with company performance, can increase the number of shares outstanding (dilution) when exercised, and represent a compensation cost that affects reported profits and shareholder value.
vesting financial
"The RSUs vest in full on the earlier of June 18, 2027"
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 insider transactions did Jacques Frederic Kerrest report at Okta (OKTA)?
Jacques Frederic Kerrest reported a gift of 6,800 Class A shares by a trust to a charitable donor advised fund and the award of 2,080 Restricted Stock Units. The remaining entries mainly describe his post-transaction holdings in Class A shares, options, and convertible Class B shares.
What Restricted Stock Units did Jacques Frederic Kerrest receive from Okta (OKTA)?
He received 2,080 Restricted Stock Units, each representing one share of Okta Class A Common Stock. These RSUs vest in full on the earlier of June 18, 2027 or immediately before Okta’s next regular annual stockholder meeting, contingent on his continued service with the company.
What Okta stock and options does Jacques Frederic Kerrest hold after these transactions?
After the reported transactions, he directly holds 7,123 Okta Class A shares and several fully vested employee stock options. These include options over 114,000 underlying shares at $39.21 and 71,547 shares at $82.16, plus additional option grants and indirect Class B holdings via trusts.
How are Okta Class B Common Stock holdings reported in this Form 4?
Class B Common Stock is held indirectly through trusts and is reported with an indirect ownership code. Each Class B share is convertible into one Okta Class A share at the holder’s option and has no expiration date, giving long-term flexibility to convert into publicly traded Class A stock.
When do Jacques Frederic Kerrest’s new Okta RSUs vest?
The 2,080 Okta Restricted Stock Units vest in full on the earlier of June 18, 2027 or the date immediately before Okta’s next regular annual stockholder meeting. Vesting is conditioned on Jacques Frederic Kerrest continuing to provide service to Okta through the applicable vesting date.