Okta Board Member Shows Continued Commitment with Fresh Stock Awards
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,832 shares
Net Buy
3 txns
Insider
Stankey Michael A.
Role
Director
| 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 |
Holdings After Transaction:
Restricted Stock Units — 2,487 shares (Direct);
Class A Common Stock — 27,224 shares (Direct)
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider trading activity occurred at OKTA on June 20, 2025?
On June 20, 2025, OKTA director Michael A. Stankey acquired 2,832 shares of Class A Common Stock through the vesting of Restricted Stock Units (RSUs) at $0 exercise price, bringing his total direct ownership to 27,224 shares.
How many new Restricted Stock Units (RSUs) did OKTA director Michael Stankey receive in June 2025?
Michael Stankey received 2,487 new Restricted Stock Units (RSUs) on June 24, 2025, which will vest in full on either June 24, 2026, or the day before OKTA's next regular annual stockholder meeting, whichever comes first.
What is Michael Stankey's current position at OKTA according to the Form 4?
According to the Form 4 filing, Michael A. Stankey serves as a Director of Okta, Inc., as indicated by the 'X' marked in the Director box under the Relationship of Reporting Person(s) to Issuer section.
What are the vesting terms for the new RSUs granted to OKTA's director in June 2025?
The new RSUs granted on June 24, 2025, will vest in full on the earlier of either June 24, 2026, or the date immediately prior to OKTA's next regular annual stockholder meeting, contingent upon the director's continued service with the company through the vesting date.