McKinnon Todd 4

What Happened

• Todd McKinnon, CEO of Okta, was credited with three awards of Performance Stock Units (PSUs) on Feb 25, 2026: 119,298 PSUs, 30,212 PSUs, and 44,350 PSUs (total 193,860 PSUs). Each PSU represents the right to one share of Okta Class A common stock. The PSUs were reported as acquired at $0.00 (no cash purchase).

Key Details

• Transaction date: February 25, 2026; Form 4 filed February 27, 2026 (two days after the award date).
• Transaction code: A (Grant, award or other acquisition).
• Shares reported: 119,298 + 30,212 + 44,350 = 193,860 PSUs earned. Each PSU = 1 Class A share per filing footnotes.
• Vesting/service: The Compensation Committee determined the performance goals were met; the awards will vest upon satisfaction of the service-based vesting criterion on March 15, 2026 (per footnotes describing the original PSU grants).
• Price/consideration: $0.00 per unit in the filing (awarded, not purchased).
• Shares owned after transaction: not specified in the supplied filing excerpt.
• Filing timeliness: Form filed two days after the award date; appears timely based on the dates provided.

Context

• These are performance-based restricted stock units: the Compensation Committee certified that performance targets were achieved, but the PSUs still require the holder’s continued employment (service vesting) to convert into actual shares on March 15, 2026.
• This is an award (not an open-market buy or sale) and does not involve immediate cash proceeds or share sales. Awards like this are common for executives as compensation and do not, by themselves, indicate insider buying or selling sentiment.