Kerrest Jacques Frederic 4

What Happened

• Jacques Frederic Kerrest, a director of Okta, reported RSU-related activity on March 15, 2026. The filing shows 843 shares were acquired at $0.00 (exercise/conversion of a derivative), and 245 shares were surrendered at $0.00 to cover tax withholding. The transactions are reported with zero cash price because the shares were issued on vesting/settlement of equity awards, not purchased on the open market.

Key Details

• Transaction date: 2026-03-15; Form 4 filed 2026-03-17 (timely).
• Reported entries: M (exercise/conversion of derivative) — 843 shares acquired at $0.00; F (payment of tax liability) — 245 shares disposed at $0.00; an additional M-coded disposition of 843 shares is also reported on the same date (see filing notes).
• Price: $0.00 per share (award settlement/vesting).
• Shares owned after the transaction: not specified in the supplied data.
• Relevant footnotes: F1–F3 indicate these were RSUs (each RSU = 1 share) and the RSUs fully vested on March 15, 2026; F4/F5 pertain to other outstanding derivative/convertible share mechanics in the filing.
• This was not an open-market sale—245 shares were withheld to satisfy tax obligations (common net settlement), not sold as a directional trade.

Context

• For retail investors: this looks like routine equity-compensation settlement (RSU vesting) rather than a buy or a market sell. Tax-withholding via share surrender is a common administrative step and does not necessarily signal the insider’s view on the stock.