Okta Director Acquires 2,832 Shares Through RSU Vesting, Receives New Grant
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Rhea-AI Filing Summary
Okta Director Michael A. Stankey reported multiple transactions involving Restricted Stock Units (RSUs) and Class A Common Stock:
- On June 20, 2025, 2,832 RSUs vested and were converted to Class A Common Stock at $0 exercise price, bringing his direct stock ownership to 27,224 shares
- On June 24, 2025, Stankey was granted 2,487 new RSUs that will vest fully on the earlier of June 24, 2026, or the day before Okta's next annual stockholder meeting
The transactions reflect standard director compensation practices through equity awards. The vesting schedule of the new RSUs is tied to continued service as a director. All transactions were reported within the required timeline under SEC regulations.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 2,487 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 2,832 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 2,832 | $0.00 | $0.00 |
Footnotes (3)
- F1. Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock.
- F2. The RSUs vested in full on June 20, 2025.
- F3. 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider trading activity occurred at OKTA on June 20, 2025?
How many new Restricted Stock Units (RSUs) did OKTA director Michael Stankey receive in June 2025?
What is Michael Stankey's current position at OKTA according to the Form 4?
What are the vesting terms for the new RSUs granted to OKTA's director in June 2025?
AI-generated analysis. How Rhea-AI works. Not financial advice.