Schellhase David 4
4 · Okta, Inc. · Filed Apr 20, 2026
Research Summary
AI-generated summary of this filing
Okta Director David Schellhase Buys 3,712 Shares
What Happened
David Schellhase, a director of Okta, purchased a total of 3,712 shares of OKTA in open-market transactions on April 16, 2026. The purchases consisted of 2,612 shares at a weighted average price of $71.86 (≈ $187,697) and 1,100 shares at a weighted average price of $72.46 (≈ $79,711), for a combined value of about $267,408. These were purchases (buys), which investors often view as a bullish signal, though the filing does not state the insider’s motivation.
Key Details
- Transaction date: 2026-04-16; Form 4 filed: 2026-04-20 (appears timely within required filing window).
- Lots: 2,612 shares @ $71.86 (≈ $187,697) and 1,100 shares @ $72.46 (≈ $79,711); total 3,712 shares ≈ $267,408.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes: (1) Trades were effected pursuant to a Rule 10b5-1 trading plan adopted January 15, 2026. (2) & (3) Reported prices are weighted averages; underlying trades occurred across price ranges ($71.31–$72.29 and $72.33–$72.80). The filer can provide per-price breakdowns on request.
Context
These were open-market purchases executed under a pre-established 10b5-1 plan, which schedules trades and can limit insider discretion about timing. No options exercises, awards, or gifts were reported in this filing. For retail investors, purchases by directors are often considered more informative than routine sales, but they should be viewed alongside other company and market information.
Insider Transaction Report
- Purchase
Class A Common Stock
[F1][F2]2026-04-16$71.86/sh+2,612$187,697→ 2,612 total - Purchase
Class A Common Stock
[F1][F3]2026-04-16$72.46/sh+1,100$79,711→ 3,712 total
Footnotes (3)
- [F1]This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on January 15, 2026.
- [F2]The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $71.31 to $72.29 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the U.S. Securities and Exchange Commission (the "SEC"), upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
- [F3]The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $72.33 to $72.80 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.