SEC Form 4 · accession 0001209191-17-067275
Okta, Inc. · OKTA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Todd McKinnon
Officer — Chief Executive Officer · Director
Period of report
Dec 22, 2017
Accepted (ET)
Dec 26, 2017 · 7:01 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 22, 2017 | C | 10,000 | $0.00 | A | 10,000 | I | By Trust |
| Class A Common StockF1 | Dec 22, 2017 | G | 10,000 | $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 22, 2017 | C | 10,000 | D | — | — | Class A Common Stock | 10,000 | 5,635,847 | I |
| Class B Common StockF1 | — | holding | — | — | — | — | — | Class A Common Stock | 130,674 | 130,674 | I |
| Employee Stock Option (Right to Buy)F3 | $1.40 | holding | — | — | — | — | Aug 29, 2023 | Class B Common Stock | 112,500 | 112,500 | D |
| Employee Stock Option (Right to Buy)F4 | $7.17 | holding | — | — | — | — | Aug 27, 2025 | Class B Common Stock | 500,000 | 500,000 | D |
| Employee Stock Option (Right to Buy)F5 | $8.97 | holding | — | — | — | — | Jul 29, 2026 | Class B Common Stock | 2,000,000 | 2,000,000 | 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 10,000 shares of Class A Common Stock to the McKinnon-Stachon Family Charitable Trust, a donor advised fund.
- F325% of the shares subject to the option vested on August 1, 2014, 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.
- F4The shares subject to the option shall vest in 48 equal monthly installments commencing on August 1, 2015, subject to the Reporting Person's continued employment with the Issuer through each vesting date. The option is early exercisable by the Reporting Person.
- F520% 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.