Kerrest Jacques Frederic 4

What Happened

• Kerrest Jacques Frederic, a director of Okta, converted and/or exercised derivative securities into 8,787 shares of Class A common stock (6,300 on 2026-06-15 and 2,487 on 2026-06-17). Each acquisition is reported at $0.00, indicating conversion/exercise or vesting rather than an open‑market purchase. Matching "disposed" entries reflect the termination/conversion of the underlying derivative instruments, not an open‑market sale of the issued shares.

Key Details

• Transaction dates and amounts:
  • 2026-06-15: Conversion of derivative security — 6,300 shares acquired at $0.00 (and 6,300 derivative units disposed).
  • 2026-06-17: Exercise/conversion of derivative — 2,487 shares acquired at $0.00 (and 2,487 derivative units disposed).
• Total shares acquired: 8,787; reported dollar value: $0 (no cash paid/received in these conversions).
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Notable footnotes from the filing:
  • F1: Class B common shares are convertible into Class A common shares at holder’s option with no expiration.
  • F2: Each RSU represents the right to one Class A share.
  • F3: The RSUs vested in full on June 17, 2026.
  • F4: Option shares referenced are fully vested and exercisable by the reporting person.
• Filing timeliness: No late filing was indicated in the information provided.

Context

• These entries reflect conversions/vestings/exercises of derivative securities (converting Class B shares, vested RSUs, or exercising options) into Class A common stock. The paired "disposed" derivative entries represent the elimination of the derivative instruments upon conversion—this is routine and not an open‑market sale.
• Such insider conversions or vesting events are common for equity compensation and do not by themselves signal a buy/sell opinion about the company.