Okta (OKTA) Director David Schellhase Converts 1,942 RSUs

What Happened

• Director David Schellhase reported the conversion/exercise of derivative awards on August 13, 2026. The filing shows 1,942 shares acquired at $0.00 (conversion of RSUs) and an equal 1,942 shares listed as disposed (derivative), both at $0.00. No cash value is reported for these line items.

Key Details

• Transaction date: August 13, 2026; Form 4 filed August 17, 2026 (filed 4 days after the transaction; appears later than the usual 2-business-day window).
• Price: $0.00 per share (conversion/settlement of RSUs).
• Shares acquired: 1,942; Shares disposed: 1,942 (disposition is recorded as a derivative transfer; filing does not state the specific recipient or purpose).
• Shares owned after transaction: Not specified in the Form 4.
• Footnotes: F1 clarifies each RSU represents the right to one share of Class A common stock. F2 states 33-1/3% of the RSU vested on Aug 13, 2026, with the remainder vesting in two equal annual installments, subject to continued service.

Context

• This filing reflects the vesting/conversion of restricted stock units (RSUs), not an open-market purchase or sale. The matching acquired and disposed lines commonly indicate net settlement or tax-withholding of vested RSUs, though the Form 4 does not explicitly state the reason. Such transactions are routine compensation events rather than direct buy/sell signals about company outlook.