Okta (OKTA) CRO Addison vests RSUs with tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
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 21,969 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
12,291 shares exercised/converted
Mixed
16 txns
Insider
Addison Jonathan James
Role
Chief Revenue Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 849 | $0.00 | -- |
| Exercise | Restricted Stock Units | 3,318 | $0.00 | -- |
| Exercise | Restricted Stock Units | 3,591 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,453 | $0.00 | -- |
| Exercise | Restricted Stock Units | 3,080 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 9,365 | $0.00 | -- |
| Exercise | Class A Common Stock | 849 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 477 | $0.00 | -- |
| Exercise | Class A Common Stock | 3,318 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 1,832 | $0.00 | -- |
| Exercise | Class A Common Stock | 3,591 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 1,940 | $0.00 | -- |
| Exercise | Class A Common Stock | 1,453 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 775 | $0.00 | -- |
| Exercise | Class A Common Stock | 3,080 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 1,568 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Class A Common Stock — 21,969 shares (Direct)
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. 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. 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. 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.
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.