0001209191-21-021421.txt : 20210317
0001209191-21-021421.hdr.sgml : 20210317
20210317170756
ACCESSION NUMBER: 0001209191-21-021421
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210315
FILED AS OF DATE: 20210317
DATE AS OF CHANGE: 20210317
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: 21751424
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
2021-03-15
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
2021-03-15
4
M
0
3532
0.00
A
3532
D
Class A Common Stock
2021-03-16
4
S
0
1265
228.8101
D
2267
D
Class A Common Stock
2021-03-15
4
M
0
3180
0.00
A
5447
D
Class A Common Stock
2021-03-16
4
S
0
1470
228.8101
D
3977
D
Class A Common Stock
2021-03-15
4
M
0
10570
0.00
A
14547
D
Class A Common Stock
2021-03-16
4
S
0
5307
228.8101
D
9240
D
Class A Common Stock
2021-03-15
4
M
0
213
0.00
A
9453
D
Class A Common Stock
2021-03-16
4
S
0
107
228.8101
D
9346
D
Class A Common Stock
2021-03-15
4
M
0
886
0.00
A
10232
D
Class A Common Stock
2021-03-16
4
S
0
445
228.8101
D
9787
D
Restricted Stock Units
2021-03-15
4
M
0
3532
0.00
D
Class A Common Stock
3532
14125
D
Restricted Stock Units
2021-03-15
4
M
0
3180
0.00
D
Class A Common Stock
3180
25443
D
Restricted Stock Units
2021-03-15
4
M
0
10570
0.00
D
Class A Common Stock
10570
31709
D
Restricted Stock Units
2021-03-15
4
M
0
213
0.00
D
Class A Common Stock
213
0
D
Restricted Stock Units
2021-03-15
4
A
0
886
0.00
A
Class A Common Stock
886
886
D
Restricted Stock Units
2021-03-15
4
M
0
886
0.00
D
Class A Common Stock
886
0
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
38827
38827
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
38063
38063
D
Employee Stock Option (Right to Buy)
82.16
2029-03-24
Class A Common Stock
59894
59894
D
Employee Stock Option (Right to Buy)
142.47
2030-04-14
Class A Common Stock
89301
89301
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 $222.156 to $232.70, 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.
25% of the shares underlying the RSU vested 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.
17% of the shares underlying the RSU vested on June 15, 2020, 33% of the shares underlying the RSU vested on September 15, 2020, 39% of the shares underlying the RSU vested on December 15, 2020, and the remaining 11% of the shares underlying the RSU vested on March 15, 2021, subject to the Reporting Person's continuous employment with the Issuer on each such date.
100% of the shares underlying the RSU vested on March 15, 2021.
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 vested 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.
/s/ Larissa Schwartz, attorney-in-fact of the Reporting Person
2021-03-17