SEC Form 4 · accession 0001209191-17-060459
Okta, Inc. · OKTA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jacques Frederic Kerrest
Officer — Chief Operating Officer · Director
Period of report
Nov 9, 2017
Accepted (ET)
Nov 13, 2017 · 7:02 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001660134
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | Nov 9, 2017 | C | 52,345 | $0.00 | A | 52,345 | I | By Trust |
| Class A Common StockF3 | Nov 9, 2017 | S | 52,345 | $28.8776 | D | 0 | I | By Trust |
| Class A Common StockF1 | Nov 9, 2017 | C | 1,133 | $0.00 | A | 1,133 | I | By Trust |
| Class A Common StockF4 | Nov 9, 2017 | S | 1,133 | $28.8769 | D | 0 | I | By Trust |
| Class A Common Stock | Nov 10, 2017 | C | 32,380 | $0.00 | A | 32,380 | I | By Trust |
| Class A Common StockF5 | Nov 10, 2017 | S | 32,380 | $29.1367 | D | 0 | I | By Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Class B Common StockF1 | — | Nov 9, 2017 | C | 52,345 | D | — | — | Class A Common Stock | 52,345 | 2,967,669 | I |
| Class B Common StockF1 | — | Nov 9, 2017 | C | 1,133 | D | — | — | Class A Common Stock | 1,133 | 63,451 | I |
| Class B Common StockF1 | — | Nov 10, 2017 | C | 32,380 | D | — | — | Class A Common Stock | 32,380 | 2,935,289 | I |
| Class B Common StockF1 | — | holding | — | — | — | — | — | Class A Common Stock | 203,955 | 203,955 | I |
| Class B Common StockF1 | — | holding | — | — | — | — | — | Class A Common Stock | 193,965 | 193,965 | I |
| Class B Common StockF1 | — | holding | — | — | — | — | — | Class A Common Stock | 11,427 | 11,427 | I |
| Employee Stock Option (Right to Buy)F6 | $1.40 | holding | — | — | — | — | Aug 29, 2023 | Class B Common Stock | 75,000 | 75,000 | D |
| Employee Stock Option (Right to Buy)F7 | $3.11 | holding | — | — | — | — | Aug 26, 2024 | Class B Common Stock | 75,000 | 75,000 | D |
| Employee Stock Option (Right to Buy)F8 | $7.17 | holding | — | — | — | — | Aug 27, 2025 | Class B Common Stock | 250,000 | 250,000 | I |
| Employee Stock Option (Right to Buy)F9 | $8.97 | holding | — | — | — | — | Jul 29, 2026 | Class B Common Stock | 1,000,000 | 1,000,000 | D |
Explanation of responses
- F1Each 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.
- F2This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.
- F3The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.55 to $29.05 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F4The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.75 to $29.05 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F5The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.75 to $29.23 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F6The shares subject to the option are fully vested and exercisable by the Reporting Person.
- F725% of the shares subject to the option vested on August 1, 2015, and the remaining shares subject to the option vest in 36 equal monthly installments thereafter, subject to the Reporting Person's continuous employment with the Issuer on each such date. The option is early exercisable by the Reporting Person.
- F825% of the shares subject to the option vested on August 1, 2016, and the remaining shares subject to the option shall vest in 36 equal monthly installments thereafter, subject to the Reporting Person's continuous employment with the Issuer on each such date. The option is early exercisable by the Reporting Person.
- F920% of the shares subject to the option vested on July 29, 2017, 20% of the shares subject to the option shall vest on July 29, 2018, and the remaining shares subject to the option shall vest in 36 equal monthly installments thereafter, subject to the Reporting Person's continuous employment with the Issuer on each such date. The option is early exercisable by the Reporting Person.