0001209191-20-037337.txt : 20200617
0001209191-20-037337.hdr.sgml : 20200617
20200617171332
ACCESSION NUMBER: 0001209191-20-037337
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200615
FILED AS OF DATE: 20200617
DATE AS OF CHANGE: 20200617
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: McKinnon Todd
CENTRAL INDEX KEY: 0001700626
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38044
FILM NUMBER: 20970494
MAIL ADDRESS:
STREET 1: C/O OKTA, INC.
STREET 2: 301 BRANNAN STREET 1ST FLOOR
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94107
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Okta, Inc.
CENTRAL INDEX KEY: 0001660134
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372]
IRS NUMBER: 264175727
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0131
BUSINESS ADDRESS:
STREET 1: 100 FIRST STREET
STREET 2: SUITE 600
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94105
BUSINESS PHONE: 888-722-7871
MAIL ADDRESS:
STREET 1: 100 FIRST STREET
STREET 2: SUITE 600
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94105
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2020-06-15
0
0001660134
Okta, Inc.
OKTA
0001700626
McKinnon Todd
C/O OKTA, INC.
100 FIRST ST, SUITE 600
SAN FRANCISCO
CA
94105
1
1
0
0
Chief Executive Officer
Class A Common Stock
2020-06-15
4
M
0
3531
0.00
A
16676
D
Class A Common Stock
2020-06-16
4
S
0
1773
185.6219
D
14903
D
Class A Common Stock
2020-06-15
4
M
0
3180
0.00
A
18083
D
Class A Common Stock
2020-06-16
4
S
0
1597
185.6219
D
16486
D
Class A Common Stock
2020-06-15
4
M
0
330
0.00
A
16816
D
Class A Common Stock
2020-06-16
4
S
0
166
185.6219
D
16650
D
Restricted Stock Units
2020-06-15
4
M
0
3531
0.00
D
Class A Common Stock
3531
24719
D
Restricted Stock Units
2020-06-15
4
M
0
3180
0.00
D
Class A Common Stock
3180
34984
D
Restricted Stock Units
2020-06-15
4
M
0
330
0.00
D
Class A Common Stock
330
1611
D
Class B Common Stock
Class A Common Stock
5182781
5182781
I
By Trust
Class B Common Stock
Class A Common Stock
128247
128247
I
By Trust
Employee Stock Option (Right to Buy)
1.40
2023-08-29
Class B Common Stock
112500
112500
D
Employee Stock Option (Right to Buy)
7.17
2025-08-27
Class B Common Stock
486053
486053
D
Employee Stock Option (Right to Buy)
8.97
2026-07-29
Class B Common Stock
1798891
1798891
D
Employee Stock Option (Right to Buy)
39.21
2028-03-21
Class A Common Stock
87000
87000
D
Employee Stock Option (Right to Buy)
82.16
2029-03-24
Class A Common Stock
110573
110573
D
Employee Stock Option (Right to Buy)
142.47
2030-04-14
Class A Common Stock
89301
89301
D
Restricted Stock Units
Class A Common Stock
42279
42279
D
Represents the number of shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock units. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.
The price reported in Column 4 is a weighted average price calculated by the broker. These shares were sold as part of a block trade in multiple transactions at prices ranging from $182.15 to $189.41, inclusive. The Reporting Person
undertakes to provide to the Issuer, any security holder of the Issuer, or 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 (2) with regard to the block trade.
Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock.
25% of the shares underlying the RSU vested 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.
25% of the shares underlying the RSU vested on March 15, 2020, 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.
17% of the shares underlying the RSU vested on June 15, 2020, 33% of the shares underlying the RSU shall vest on September 15, 2020, 39% of the shares underlying the RSU shall vest on December 15, 2020, and the remaining 11% of the shares underlying the RSU shall vest on March 15, 2021, subject to the Reporting Person's continuous employment with the Issuer on each such date.
Each 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.
The shares subject to the option are fully vested and exercisable by the Reporting Person.
20% of the shares subject to the option vested on July 29, 2017, 20% of the shares subject to the option vested 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.
25% of the shares subject to the option vested 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.
25% of the shares subject to the option vested on February 1, 2020, 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.
25% of the shares subject to the option shall vest on February 1, 2021, 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.
25% of the shares underlying the RSU shall vest on March 15, 2021, 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.
/s/ Larissa Schwartz, attorney-in-fact of the Reporting Person
2020-06-17