Tighe Brett 4

What Happened

• Brett Tighe, Chief Financial Officer of Okta, was granted 55,426 restricted stock units (RSUs) on March 19, 2026. The grant is reported as a derivative acquisition (Form 4 code A) at $0.00 (no cash paid at grant).
• The filing treats each RSU as the right to receive one share of Class A common stock upon vesting. Footnotes in the filing describe staged vesting (see Key Details).

Key Details

• Transaction date: 2026-03-19. Form 4 filed: 2026-03-23 (filed within two business days — timely).
• Amount: 55,426 RSUs acquired; reported acquisition price $0.00; reported as derivative securities (RSUs).
• Vesting notes (from filing footnotes):
  • Each RSU converts 1:1 to one share of Class A common stock (F1).
  • Footnotes indicate 8.33% of the underlying shares vested (or will vest) on June 15 of 2024, 2025 and 2026, with the remaining shares vesting in 11 equal quarterly installments thereafter, subject to continuous employment (F2–F4).
  • Class B common shares are convertible into Class A shares at holder’s option (F5) — informational; this grant is in RSUs for Class A conversion.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• No 10b5‑1 plan, tax‑withholding sale, or late filing is indicated in the provided data.

Context

• RSUs are a common form of executive compensation: they do not represent immediate transferable shares but a right to receive shares upon vesting. Taxes are typically due when RSUs vest/are settled.
• This grant is an award (compensation) rather than a purchase or sale, so it does not directly signal a buy/sell decision by the insider.