Okta (OKTA) CRO Addison vests RSUs with tax share withholding
Rhea-AI Filing Summary
Okta, Inc. Chief Revenue Officer Jonathan James Addison reported multiple equity compensation transactions on March 15, 2026. He exercised restricted stock units (RSUs) that converted into 12,291 shares of Class A Common Stock in total. In connection with these vestings, the issuer withheld 15,957 shares to cover tax obligations, reported as disposition transactions with code F rather than open-market sales. Following these transactions, Addison directly held 27,668 shares of Okta Class A Common Stock. Footnotes explain that each RSU converts into one share and that the RSUs vest in scheduled quarterly installments, contingent on his continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,666 shares
Net Sell
16 txns
Insider
Addison Jonathan James
Role
Chief Revenue Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 849 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 3,318 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 3,591 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 1,453 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 3,080 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 9,365 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 849 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 477 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 3,318 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 1,832 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 3,591 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 1,940 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 1,453 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 775 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 3,080 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 1,568 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 41,223 shares (Direct);
Class A Common Stock — 27,668 shares (Direct)
Footnotes (5)
- F1. Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock.
- F2. The shares underlying the RSU fully vested on March 15, 2026.
- F3. 8.33% of the shares underlying the RSU vested on March 15, 2024, and the remaining shares underlying the RSU shall vest in 11 equal quarterly installments thereafter, subject to the Reporting Person's continuous employment with the Issuer on each such date.
- F4. 8.33% of the shares underlying the RSU vested on June 15, 2024, and the remaining shares underlying the RSU shall vest in 11 equal quarterly installments thereafter, subject to the Reporting Person's continuous employment with the Issuer on each such date.
- F5. 8.33% of the shares underlying the RSU vested on June 15, 2025, and the remaining shares underlying the RSU shall vest in 11 equal quarterly installments thereafter, subject to the Reporting Person's continuous employment with the Issuer on each such date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Okta (OKTA) executive Jonathan James Addison report in this Form 4?
Jonathan James Addison, Okta’s Chief Revenue Officer, reported RSU vesting into Class A Common Stock on March 15, 2026. The filing shows derivative exercises and related share withholding for taxes, leaving him with a direct holding of 21,969 Okta shares after the transactions.
How do Addison’s Okta (OKTA) RSUs convert into common stock?
Each restricted stock unit represents the right to receive one share of Okta Class A Common Stock. As RSUs vest according to their schedules, they are reported with transaction code M, reflecting their conversion into common shares at a conversion price of $0.0000 per unit.
What vesting schedules are disclosed for Addison’s Okta (OKTA) RSUs?
Footnotes state that certain RSUs began vesting with 8.33% on specific dates such as March 15, 2024, June 15, 2024, and June 15, 2025. The remaining RSU shares vest in 11 equal quarterly installments, contingent on Addison’s continuous employment with Okta.