Okta (NASDAQ: OKTA) executive reports major performance-based stock awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Okta, Inc. executive officer Larissa Schwartz reported equity compensation activity involving Class A Common Stock and restricted stock units. On February 25, 2026, she acquired 24,864, 7,747, and 12,319 shares of Class A Common Stock at a price of $0.00 per share through grants classified as awards or other acquisitions.
Footnotes explain these shares were earned from performance stock units granted in 2023, 2024, and 2025 after performance criteria were achieved, with vesting scheduled when service-based requirements are met on March 15, 2026. Additional footnotes describe restricted stock unit awards, each RSU representing one Class A share, with portions beginning to vest on June 15, 2022, June 15, 2023, June 15, 2024, and June 15, 2025, and the remaining shares vesting in equal quarterly installments subject to continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
Schwartz Larissa
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 24,864 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 7,747 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 12,319 | $0.00 | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 61,192 shares (Direct);
Restricted Stock Units — 109 shares (Direct)
Footnotes (1)
- On March 21, 2023, the Reporting Person was granted Performance Stock Units ("PSUs"), the vesting of which is subject to the achievement of certain performance criteria and to a service-based vesting criteria. On February 25, 2026, the Compensation Committee of the Board of Directors determined that 24,864 shares of the Issuer's Class A Common Stock were earned as result of the achievement of the performance criteria, with vesting to occur once the service-based vesting criteria are satisfied on March 15, 2026. Includes 24,864 PSUs, with each PSU representing the right to receive one share of the Issuer's Class A Common Stock. On March 29, 2024, the Reporting Person was granted PSUs, the vesting of which is subject to the achievement of certain performance criteria and to a service-based vesting criteria. On February 25, 2026, the Compensation Committee of the Board of Directors determined that 7,747 shares of the Issuer's Class A Common Stock were earned as result of the achievement of the performance criteria, with vesting to occur once the service-based vesting criteria are satisfied on March 15, 2026. Includes 32,611 PSUs, with each PSU representing the right to receive one share of the Issuer's Class A Common Stock. On March 30, 2025, the Reporting Person was granted PSUs, the vesting of which is subject to the achievement of certain performance criteria and to a service-based vesting criteria. On February 25, 2026, the Compensation Committee of the Board of Directors determined that 12,319 shares of the Issuer's Class A Common Stock were earned as result of the achievement of the performance criteria, with vesting to occur once the service-based vesting criteria are satisfied on March 15, 2026. Includes 44,930 PSUs, with each PSU representing the right to receive one share of the Issuer's Class A Common Stock. Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock. 6.25% of the shares underlying the RSU vested on June 15, 2022, and the remaining shares underlying the RSU shall vest in 15 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, 2023, 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 Larissa Schwartz report in this Form 4?
Larissa Schwartz reported equity awards in Okta stock, reflecting performance-based grants. She acquired three blocks of Class A Common Stock as awards and updated holdings in multiple restricted stock unit grants with defined vesting schedules tied to continued employment and earlier grant dates.
What are the performance stock units mentioned in the Okta (OKTA) filing?
The filing describes performance stock units granted in 2023, 2024, and 2025, each representing the right to receive one Okta Class A share. Shares were earned after performance targets were met, with vesting dependent on satisfying service conditions on March 15, 2026.
How do Larissa Schwartz’s Okta (OKTA) restricted stock units vest?
Each restricted stock unit represents one Okta Class A share. Portions began vesting on June 15 of 2022, 2023, 2024, and 2025, with the remaining shares vesting in equal quarterly installments, contingent on her continued employment with Okta on each vesting date.