SEC Form 4 · accession 0001209191-17-067274
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
Dec 21, 2017
Accepted (ET)
Dec 26, 2017 · 7:00 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 | Dec 21, 2017 | C | 15,000 | $0.00 | A | 15,000 | I | By Trust |
| Class A Common StockF1 | Dec 21, 2017 | G | 15,000 | $0.00 | 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 | — | Dec 21, 2017 | C | 15,000 | D | — | — | Class A Common Stock | 15,000 | 2,750,839 | I |
| Class B Common StockF1 | — | holding | — | — | — | — | — | Class A Common Stock | 61,184 | 61,184 | 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)F3 | $1.40 | holding | — | — | — | — | Aug 29, 2023 | Class B Common Stock | 75,000 | 75,000 | D |
| Employee Stock Option (Right to Buy)F4 | $3.11 | holding | — | — | — | — | Aug 26, 2024 | Class B Common Stock | 75,000 | 75,000 | D |
| Employee Stock Option (Right to Buy)F5 | $7.17 | holding | — | — | — | — | Aug 27, 2025 | Class B Common Stock | 250,000 | 250,000 | I |
| Employee Stock Option (Right to Buy)F6 | $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.
- F2The transaction reported involved a gift by the Reporting Person of 15,000 shares of Class A Common Stock to The Kerrest Family Charitable Fund, a donor advised fund.
- F3The shares subject to the option are fully vested and exercisable by the Reporting Person.
- F425% 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.
- F525% 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.
- F620% 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.