SEC Form 4 · accession 0001209191-19-004269
Okta, Inc. · OKTA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Benjamin A Horowitz
Director
Period of report
Jan 15, 2019
Accepted (ET)
Jan 17, 2019 · 5:14 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 StockF2,F3 | Jan 15, 2019 | S | 17,947 | $70.7352 | D | 1,685,404 | I | By Trust |
| Class A Common StockF4,F3 | Jan 15, 2019 | S | 79,795 | $71.9816 | D | 1,605,609 | I | By Trust |
| Class A Common StockF5,F3 | Jan 15, 2019 | S | 500 | $72.695 | D | 1,605,109 | I | By Trust |
| Class A Common Stock | holding | — | — | — | 11,765 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF6,F7 | — | holding | — | — | — | — | — | Class A Common Stock | 3,970 | 3,970 | D |
Explanation of responses
- F1This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.
- F2The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $70.48 to $71.46 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.
- F3The reported securities are held directly by a family trust for which the Reporting Person is a trustee.
- F4The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $71.535 to $72.515 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 $72.56 to $72.83 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.
- F6Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock.
- F7The RSUs vest in full on the earlier of June 28, 2019 or the date immediately prior to the Issuer's next regular annual shareholders meeting, subject to the Reporting Person's continued service to the Issuer through each vesting date.