SEC Form 4 · accession 0001209191-18-021653
Okta, Inc. · OKTA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles Race
Officer — See Remarks
Period of report
Mar 22, 2018
Accepted (ET)
Mar 26, 2018 · 5:37 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 | 25,300 | A | — | — | Class A Common Stock | 25,300 | 25,300 | D |
| Employee Stock Option (Right to Buy)F3 | $39.21 | Mar 22, 2018 | A | 58,500 | A | — | Mar 21, 2018 | Class A Common Stock | 58,500 | 58,500 | D |
| Employee Stock Option (Right to Buy)F4 | $8.97 | holding | — | — | — | — | Oct 23, 2026 | Class B Common Stock | 1,200,000 | 1,200,000 | 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 on each such date.
- F425% of the shares subject to the option vested 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 continuous employment with the Issuer through each vesting date. The option is early exercisable by the Reporting Person.