Kerrest Jacques Frederic 4

What Happened

• Jacques Frederic Kerrest, a director of Okta, reported two transactions dated June 18, 2026: a gift of 6,800 shares of Class A common stock (code G) and an award/grant of 2,080 restricted stock units (RSUs) (code A). Both transactions show a reported price of $0.00 (no cash paid or received in the filing).

Key Details

• Transaction dates: June 18, 2026 (reported on Form 4 filed June 22, 2026).
• Gift: 6,800 shares of Class A Common Stock transferred by a Trust to the American Endowment Foundation FBO Kerrest Johnson Family Charitable Fund (donor-advised fund). (Footnote F2)
• Award/Grant: 2,080 RSUs representing the right to receive 2,080 shares of Class A Common Stock (derivative grant). (Footnote F3)
• RSU vesting: RSUs vest in full on the earlier of June 18, 2027 or immediately prior to the issuer’s next regular annual stockholder meeting, subject to continued service. (Footnote F4)
• Shares owned after transaction: not specified in the information provided in this summary/filing.
• Other notes from filing: Class B shares are convertible into Class A at holder option (F1). The filing also notes the reporting person has options that are fully vested and exercisable (F5), though no option exercise was reported here.
• Filing timeliness: Form 4 was filed June 22, 2026 for a June 18 transaction — within the typical two-business-day SEC filing window (timely).

Context

• Gifts (like donations to a donor-advised fund) are typically charitable and do not necessarily signal the insider’s view of the company’s shares. RSU grants are compensation/retention awards and are derivative (they convert to shares when they vest); they are not an immediate purchase of stock. The filing shows no cash purchase or sale and no exercise/sale of shares reported in this transaction set.