SEC Form 4 · accession 0001209191-18-021650
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
Mar 22, 2018
Accepted (ET)
Mar 26, 2018 · 5:34 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Mar 22, 2018 | A | 49,400 | A | — | — | Class A Common Stock | 49,400 | 49,400 | D |
| Employee Stock Option (Right to Buy)F3 | $39.21 | Mar 22, 2018 | A | 114,000 | A | — | Mar 21, 2028 | Class A Common Stock | 114,000 | 114,000 | D |
| Class B Common StockF4 | — | holding | — | — | — | — | — | Class A Common Stock | 2,755,572 | 2,755,572 | I |
| Class B Common StockF4 | — | holding | — | — | — | — | — | Class A Common Stock | 199,222 | 199,222 | I |
| Class B Common StockF4 | — | holding | — | — | — | — | — | Class A Common Stock | 61,184 | 61,184 | I |
| Class B Common StockF4 | — | holding | — | — | — | — | — | Class A Common Stock | 193,965 | 193,965 | I |
| Class B Common StockF4 | — | holding | — | — | — | — | — | Class A Common Stock | 11,427 | 11,427 | I |
| Employee Stock Option (Right to Buy)F5 | $1.40 | holding | — | — | — | — | Aug 29, 2023 | Class B Common Stock | 75,000 | 75,000 | D |
| Employee Stock Option (Right to Buy)F6 | $3.11 | holding | — | — | — | — | Aug 26, 2024 | Class B Common Stock | 75,000 | 75,000 | D |
| Employee Stock Option (Right to Buy)F7 | $7.17 | holding | — | — | — | — | Aug 27, 2025 | Class B Common Stock | 250,000 | 250,000 | I |
| Employee Stock Option (Right to Buy)F8 | $8.97 | holding | — | — | — | — | Jul 29, 2026 | Class B Common Stock | 1,000,000 | 1,000,000 | D |
Explanation of responses
- F1Each Restricted Stock Unit ("RSU") represents the right to receive one share of Class A Common Stock.
- F225% of the shares underlying the RSU shall vest on March 15, 2019, and the remaining shares underlying the RSU shall vest in 12 equal quarterly installments thereafter, subject to the Reporting Person's continuous employment with the Issuer on each such date.
- F325% of the shares subject to the option shall vest on February 1, 2019 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 through each vesting date.
- F4Each 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.
- F5The shares subject to the option are fully vested and exercisable by the Reporting Person.
- F625% 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.
- F725% 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.
- F820% 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.