McKinnon Todd 4
4 · Okta, Inc. · Filed Mar 25, 2026
Research Summary
AI-generated summary of this filing
Okta (OKTA) CEO Todd McKinnon Sells 11,263 Shares
What Happened Todd McKinnon, CEO of Okta, disposed of a total of 11,263 shares of Okta common stock in open‑market sales on March 23, 2026. The four reported blocks were: 400 shares at a weighted avg $78.79 ($31,516); 2,000 shares at $80.19 ($160,377); 5,110 shares at $81.06 ($414,208); and 3,753 shares at $81.60 ($306,263). Total gross proceeds from these sales were approximately $912,364. The filings list these transactions as sales (code S) and indicate they were effected pursuant to a Rule 10b5‑1 trading plan.
Key Details
- Transaction date: March 23, 2026; Form 4 filed March 25, 2026 (appears timely).
- Reported blocks and details:
- 400 sh — weighted avg $78.79 (prices ranged $78.40–$79.35) — $31,516 (F2)
- 2,000 sh — weighted avg $80.19 (prices ranged $79.48–$80.41) — $160,377 (F3)
- 5,110 sh — weighted avg $81.06 (prices ranged $80.48–$81.47) — $414,208 (F4)
- 3,753 sh — weighted avg $81.60 (prices ranged $81.48–$82.09) — $306,263 (F5)
- Notable footnotes: F1 — transactions effected under a Rule 10b5‑1 plan adopted April 15, 2025; F2–F5 — reported prices are weighted averages across specified ranges; other footnotes (F6–F11) reference RSU/option vesting and share conversion mechanics.
- Shares owned after the transactions: not specified in the provided filing excerpt.
- Transaction code: S = Sale.
Context These were open‑market sales under a pre‑arranged 10b5‑1 plan, which means the trades were likely scheduled in advance and are common for executives managing diversification or liquidity needs; such sales do not, by themselves, indicate the CEO’s current view on Okta’s future prospects.
Insider Transaction Report
Form 4
Okta, Inc.OKTA
McKinnon Todd
DirectorChief Executive Officer
Transactions
- Sale
Class A Common Stock
[F1][F2]2026-03-23$78.79/sh−400$31,516→ 107,946 total - Sale
Class A Common Stock
[F1][F3]2026-03-23$80.19/sh−2,000$160,377→ 105,946 total - Sale
Class A Common Stock
[F1][F4]2026-03-23$81.06/sh−5,110$414,208→ 100,836 total - Sale
Class A Common Stock
[F1][F5]2026-03-23$81.60/sh−3,753$306,263→ 97,083 total
Holdings
- 6,383,887(indirect: By Trust)
Class B Common Stock
[F6]→ Class A Common Stock (6,383,887 underlying) - 128,247(indirect: By Trust)
Class B Common Stock
[F6]→ Class A Common Stock (128,247 underlying) - 103,462
Restricted Stock Units
[F7][F8]→ Class A Common Stock (103,462 underlying) - 59,135
Restricted Stock Units
[F7][F9]→ Class A Common Stock (59,135 underlying) - 20,141
Restricted Stock Units
[F7][F10]→ Class A Common Stock (20,141 underlying) - 32,251
Employee Stock Option (Right to Buy)
[F11]Exercise: $82.16Exp: 2029-03-24→ Class A Common Stock (32,251 underlying) - 48,372
Employee Stock Option (Right to Buy)
[F11]Exercise: $142.47Exp: 2030-04-14→ Class A Common Stock (48,372 underlying) - 63,667
Employee Stock Option (Right to Buy)
[F11]Exercise: $274.96Exp: 2031-04-21→ Class A Common Stock (63,667 underlying) - 127,334
Employee Stock Option (Right to Buy)
[F11]Exercise: $274.96Exp: 2031-04-21→ Class A Common Stock (127,334 underlying)
Footnotes (11)
- [F1]This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on April 15, 2025.
- [F10]8.33% of the shares underlying the RSU vested on June 15, 2024, and the remaining shares underlying the RSU shall vest in 11 equal quarterly installments thereafter, subject to the Reporting Person's continuous employment with the Issuer on each such date.
- [F11]The shares subject to the option are fully vested and exercisable by the Reporting Person.
- [F2]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $78.40 to $79.35 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 sold 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 sold in multiple transactions at prices ranging from $79.48 to $80.41 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 sold at each separate price within the range set forth in this footnote.
- [F4]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $80.48 to $81.47 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 sold at each separate price within the range set forth in this footnote.
- [F5]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $81.48 to $82.09 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 sold at each separate price within the range set forth in this footnote.
- [F6]Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date.
- [F7]Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock.
- [F8]8.33% of the shares underlying the RSU shall vest on June 15, 2026, and the remaining shares underlying the RSU shall vest in 11 equal quarterly installments thereafter, subject to the Reporting Person's continuous employment with the Issuer on each such date.
- [F9]8.33% of the shares underlying the RSU vested on June 15, 2025, and the remaining shares underlying the RSU shall vest in 11 equal quarterly installments thereafter, subject to the Reporting Person's continuous employment with the Issuer on each such date.
Signature
/s/ Larissa Schwartz, attorney-in-fact of the Reporting Person|2026-03-25