Epstein Jeff 4

What Happened

• Jeff Epstein, a member of Okta's board of directors, had 2,487 Restricted Stock Units (RSUs) vest on June 17, 2026. The Form 4 reports an exercise/conversion (transaction code M) that acquired 2,487 shares at $0.00 and a simultaneous disposition of 2,487 shares at $0.00.
• Per the filing footnotes, each RSU equals the right to one share and the RSUs vested in full on June 17, 2026. The Form 4 shows no cash paid or received on the conversion itself (price reported $0.00).

Key Details

• Transaction date: June 17, 2026; Form 4 filed: June 22, 2026 (filed after the typical 2-business-day window).
• Transaction code: M (exercise or conversion of derivative — here, RSUs converting into shares).
• Shares acquired: 2,487; Shares disposed: 2,487; per-form reported price: $0.00; total cash value on form: $0.
• Footnotes: F1 — each RSU equals one share; F2 — RSUs vested in full on June 17, 2026.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Timeliness: Filing date (6/22/2026) is later than the standard 2-business-day filing requirement following a 6/17 transaction, so this appears to be a late-filed Form 4.

Context

• RSU conversions are administrative: the $0.00 price reflects that the RSUs converted into shares without an exercise payment. The filing’s simultaneous acquisition and disposition of the same number of shares often reflects withholding or immediate settlement steps (e.g., tax withholding or net share settlement), though the filing does not state the specific reason.
• This transaction is routine for vested equity awards and does not on its own indicate a buy or sell signal about the insider’s market view.