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Okta, Inc.·4

Jun 22, 6:06 PM ET

Bates Anthony John 4

Research Summary

AI-generated summary

Updated

Okta (OKTA) Director Anthony Bates Exercises Derivatives, Receives RSUs

What Happened

  • Anthony Bates, a director of Okta, exercised/converted derivatives that resulted in the acquisition of 4,520 shares (2,487 shares on 2026-06-17 and 2,033 shares on 2026-06-21) and the filing also shows matching derivative dispositions on those dates. He was also granted 2,080 Restricted Stock Units (RSUs) on 2026-06-18. All reported exercises/conversions and the RSU grant list $0 as the price/consideration in the filing.

Key Details

  • Transaction dates and amounts:
    • 2026-06-17: Exercise/conversion (M) — 2,487 shares acquired @ $0; 2,487 shares disposed as derivative @ $0.
    • 2026-06-18: Grant/award (A) — 2,080 RSUs @ $0 (each RSU = right to one Class A share).
    • 2026-06-21: Exercise/conversion (M) — 2,033 shares acquired @ $0; 2,033 shares disposed as derivative @ $0.
  • Shares owned after transaction: Not specified in the filing.
  • Footnotes (summary):
    • F1: Each RSU equals the right to one Class A common share.
    • F2: Certain RSUs vested in full on June 17, 2026.
    • F3: The 2,080 RSUs granted 6/18 vest on the earlier of June 18, 2027 or the date before the next regular annual meeting, subject to continued service.
    • F4: Some RSUs followed a schedule where 33-1/3% vested 6/21/2025, with remaining shares vesting in two equal annual installments thereafter.
  • Timeliness: The filing was dated 2026-06-22 for transactions beginning 2026-06-17; the June 17 transactions appear to have been reported late (file was after the typical 2-business-day Form 4 window).

Context

  • Transaction codes: "M" = exercise or conversion of a derivative; "A" = grant/award (RSUs). The matching acquire/dispose derivative entries commonly reflect conversion/settlement of derivative awards into underlying shares rather than an open-market sale or purchase.
  • Interpretation for retail investors: These entries reflect compensation-related vesting/conversion activity (routine for executives/directors) and a new RSU grant — not an open-market purchase indicating personal accumulation. No cash was reported as paid for the exercises/grant in the filing.