Tighe Brett 4

What Happened

• Brett Tighe, Chief Financial Officer of Okta, converted/vested Restricted Stock Units (RSUs) on June 15, 2026, resulting in 12,012 shares acquired (three conversions of 3,874; 3,520; and 4,618 shares) at an exercise/conversion price of $0.00. To satisfy tax withholding obligations, 4,729 shares were surrendered (disposed) the same day, leaving a net of 7,283 shares issued to the reporting person.
• These were not open‑market purchases or discretionary sales but the settlement of equity awards (RSUs) upon vesting; withholding to cover taxes is routine and not a market-sale signal.

Key Details

• Transaction date: June 15, 2026; Form filed June 17, 2026 (appears timely, within normal reporting window).
• Transaction types/codes: M = exercise/conversion of derivative (RSU settlement), F = payment of tax liability via share withholding.
• Prices: $0.00 per share for the conversions (standard for RSU settlements); total cash paid = $0.00.
• Shares acquired (gross): 12,012; shares withheld/disposed for taxes: 4,729; net shares issued: 7,283.
• Shares owned after transaction: Not provided in the supplied data.
• Relevant footnotes: F1 (each RSU = one share of Class A common); F4 (8.33% of RSU vested on June 15, 2026 with remaining vesting in 11 quarterly installments, subject to continued employment); F5 (Class B shares convertible into Class A).
• Filing timeliness: Report filed two days after the transaction date; no late filing flag provided.

Context

• These entries reflect RSU vesting and administrative withholding rather than an open-market buy or sell. The withholding is a common, routine way to cover tax obligations (a cashless withholding), and does not by itself indicate a decision to sell shares on the market.
• For retail investors, award settlements increase an insider’s shareholdings (net here by 7,283 shares) but are part of standard compensation/vesting schedules; they should be interpreted differently from purchases or discretionary sales.