Okta Director David Schellhase Receives 2,080 RSU Award

What Happened

• David Schellhase, a director of Okta, Inc. (OKTA), was granted 2,080 Restricted Stock Units (RSUs) on 2026-06-18. The Form 4 reports the acquisition price as $0 because this was an award/grant (transaction code A). Each RSU represents the right to receive one share of Okta Class A common stock upon vesting.

Key Details

• Transaction date: 2026-06-18; Form 4 filed: 2026-06-22 (filed within the typical two-business-day window).
• Award type: RSU grant (derivative award); reported acquisition price: $0.
• Vesting: RSUs vest in full on the earlier of June 18, 2027 or the date immediately prior to Okta’s next regular annual stockholder meeting, subject to continued service (see footnotes F1–F2).
• Shares owned after the transaction: not specified in the provided filing data.
• Filing timeliness: filing date indicates the Form 4 was submitted on the allowable deadline (not marked late).

Context

• RSU grants to directors are common as compensation and are derivative awards that convert to actual shares only upon vesting; they are not open-market purchases or sales and therefore do not directly signal immediate buying or selling by the insider.