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