Okta Director Jacques Kerrest Gifts 6,000 Shares

What Happened
Jacques Kerrest (Director) converted derivative securities into 6,000 shares of Okta Class A common stock on 2026-09-04 (conversion reported at $0.00). A related trust then gifted 6,000 Class A shares to the American Endowment Foundation FBO Kerrest Johnson Family Charitable Fund (donor-advised fund) on 2026-09-09. The reported transactions show no cash consideration ($0) in the filing.

Key Details

• Transaction dates: conversion(s) on 2026-09-04; gift on 2026-09-09.
• Transaction types: C = conversion of derivative security; G = gift (disposition).
• Shares involved: 6,000 shares converted and 6,000 shares gifted. Reported price per share: $0.00 (no cash was exchanged in the filing).
• Shares owned after transaction: not specified in the provided filing summary.
• Notable footnotes:
  • F1: Class B common shares are convertible into Class A at holder’s option and have no expiration.
  • F2: The 6,000-share disposition was a gift by the Trust to a donor-advised charitable fund.
  • F3–F4: RSUs represent rights to receive Class A shares; certain RSUs vest in full on the earlier of June 18, 2027 or immediately prior to the next annual meeting, subject to continued service.
  • F5: Referenced option shares are fully vested and exercisable.
• Filing timeliness: Report filed 2026-09-09 for a 2026-09-04 transaction (filed five calendar days after the transaction); SEC Form 4s are generally due within two business days, so this filing appears to have been submitted after the typical reporting window.
• Exhibit: Exhibit 24 (Power of Attorney) attached.

Context

• Conversion of Class B to Class A is a routine reclassification/ownership step (no cash transaction).
• Gifts are tax/charitable planning actions and do not necessarily indicate the insider’s view of the company’s stock price.
• RSU and option footnotes indicate the insider has other equity awards with standard vesting/exercisability provisions; nothing in this filing shows an immediate sale of converted shares for cash.