McKinnon Todd 4

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.