Okta (OKTA) CFO Brett Tighe Sells Shares

What Happened

• Brett Tighe, Chief Financial Officer of Okta, converted 41,251 derivative securities into Class A common shares (conversion price $0.00) and sold a total of 80,000 shares in multiple open-market transactions on September 2, 2026. The sales generated aggregate proceeds of roughly $12.9 million (sales executed at various prices listed below).
• The disposals were open-market sales executed at different prices (see Key Details). This is a sale (routine monetization) rather than a purchase.

Key Details

• Transaction date: 2026-09-02; Form 4 filed 2026-09-04 (timely filing).
• Sales detail (selected): total sold 80,000 shares across multiple trades; individual reported lots include 12,352 @ $161.05, 13,100 @ $162.32, 10,799 @ $162.98, 14,339 @ $158.51, 14,216 @ $160.28, plus several smaller lots — aggregate proceeds ≈ $12,877,469 (~$12.9M).
• Price range and reporting: per footnotes, sales occurred at prices ranging from approximately $157.87 to $167.27 per share; many reported prices are weighted averages across multiple executions.
• Conversion: 41,251 derivative securities were converted into Class A shares at $0.00 (per filing footnotes the derivative/RSU mechanics apply — RSUs represent the right to receive one Class A share).
• Trading plan: some transactions were effected pursuant to a Rule 10b5-1 trading plan adopted April 8, 2026 (per footnote).
• Shares owned after transaction: not specified in the provided excerpt.
• Notable footnotes: weighted-average pricing footnotes for multiple lots (see filing); 275 shares noted as acquired under an ESPP in a footnote; RSU vesting schedules referenced in footnotes (periodic vesting since 2024–2026).

Context

• Converting derivatives/RSUs and immediately selling the resulting shares is common for executives realizing vested compensation; the presence of a Rule 10b5-1 plan indicates pre-arranged sales rather than ad hoc trading.
• Sales do not by themselves indicate company outlook; purchases are typically more informative of insider bullishness. This filing appears to document routine monetization of vested/convertible holdings.