SEC Form 4 · accession 0000899243-17-010120
Okta, Inc. · OKTA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles Race
Officer — See Remarks
Period of report
Apr 12, 2017
Accepted (ET)
Apr 12, 2017 · 9:16 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001660134
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F2 | $8.97 | Apr 12, 2017 | J | 1,200,000 | D | — | Oct 23, 2026 | Common Stock | 1,200,000 | 0 | D |
| Employee Stock Option (Right to Buy)F2,F3 | $8.97 | Apr 12, 2017 | J | 1,200,000 | A | — | Oct 23, 2026 | Class B Common Stock | 1,200,000 | 1,200,000 | D |
Explanation of responses
- F1Immediately prior to the closing of the Issuer's initial public offering and following the conversion of each series of the Issuer's convertible preferred stock into Common Stock, each share of Common Stock was reclassified into one share of Class B Common Stock in an exempt transaction pursuant to Rule 16b-7.
- F225% of the shares subject to the option shall vest on October 20, 2017 and the remaining shares subject to the option shall vest in 36 equal monthly installments thereafter, subject to the Reporting Person's continued employment with the Issuer through each vesting date. The option is early exercisable by the Reporting Person.
- F3Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date.
Remarks
President, Worldwide Field Operations