Ninan Shibu 4
4 · Okta, Inc. · Filed Feb 27, 2026
Research Summary
AI-generated summary of this filing
Okta (OKTA) Chief Accounting Officer Ninan Shibu Receives Award
What Happened
- Ninan Shibu, Chief Accounting Officer of Okta (OKTA), was credited with three awards of performance stock units (PSUs) that the company’s Compensation Committee determined were earned on February 25, 2026. The awards total 8,390 PSUs (3,109 + 1,937 + 3,344).
- Each PSU represents the right to receive one share of Okta Class A common stock. The awards were reported as acquisitions at $0.00 per share (transaction code A); actual issuance of shares will occur only when service-based vesting conditions are met (vesting date set as March 15, 2026).
Key Details
- Transaction date: February 25, 2026 (filing date: February 27, 2026). Transaction code: A (award/grant).
- Awards determined earned: 3,109 PSUs (grant originally 3/21/2023), 1,937 PSUs (grant originally 3/29/2024), 3,344 PSUs (grant originally 3/30/2025) — total 8,390 PSUs.
- Reported acquisition price: $0.00 per unit; total cash paid: $0.
- Vesting: Compensation Committee determined the performance conditions were met on 2/25/2026; shares will vest upon satisfaction of service-based vesting criteria on March 15, 2026 (per filing footnotes).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Filing timeliness: Filed within the typical Form 4 window (filed 2 days after the transaction); not indicated as late.
Context
- These are performance-based awards (PSUs). The committee’s determination means performance targets were achieved, but the recipient must still meet service/vesting conditions for actual shares to be issued.
- Awards reported at $0 are common for stock-unit grants; this is not a market purchase or sale and does not represent an immediate cash investment or liquidation by the insider.
- For retail investors, such awards signal compensation outcomes (performance goals met) but are not the same as an insider buying stock with their own funds.
Insider Transaction Report
Form 4
Okta, Inc.OKTA
Ninan Shibu
Chief Accounting Officer
Transactions
- Award
Class A Common Stock
[F1][F2]2026-02-25+3,109→ 20,577 total - Award
Class A Common Stock
[F3][F4]2026-02-25+1,937→ 22,514 total - Award
Class A Common Stock
[F5][F6]2026-02-25+3,344→ 25,858 total
Holdings
- 6,588
Restricted Stock Units
[F7][F8]→ Class A Common Stock (6,588 underlying) - 556
Restricted Stock Units
[F7][F9]→ Class A Common Stock (556 underlying) - 2,421
Restricted Stock Units
[F7][F10]→ Class A Common Stock (2,421 underlying) - 7,524
Restricted Stock Units
[F7][F11]→ Class A Common Stock (7,524 underlying)
Footnotes (11)
- [F1]On March 21, 2023, the Reporting Person was granted Performance Stock Units ("PSUs"), the vesting of which is subject to the achievement of certain performance criteria and to a service-based vesting criteria. On February 25, 2026, the Compensation Committee of the Board of Directors determined that 3,109 shares of the Issuer's Class A Common Stock were earned as result of the achievement of the performance criteria, with vesting to occur once the service-based vesting criteria are satisfied on March 15, 2026.
- [F10]8.33% of the shares underlying the RSU vested on June 15, 2024, and the remaining shares underlying the RSU shall vest in 11 equal quarterly installments thereafter, subject to the Reporting Person's continuous employment with the Issuer on each such date.
- [F11]8.33% of the shares underlying the RSU vested on June 15, 2025, and the remaining shares underlying the RSU shall vest in 11 equal quarterly installments thereafter, subject to the Reporting Person's continuous employment with the Issuer on each such date.
- [F2]Includes 3,109 PSUs, with each PSU representing the right to receive one share of the Issuer's Class A Common Stock.
- [F3]On March 29, 2024, the Reporting Person was granted PSUs, the vesting of which is subject to the achievement of certain performance criteria and to a service-based vesting criteria. On February 25, 2026, the Compensation Committee of the Board of Directors determined that 1,937 shares of the Issuer's Class A Common Stock were earned as result of the achievement of the performance criteria, with vesting to occur once the service-based vesting criteria are satisfied on March 15, 2026.
- [F4]Includes 5,046 PSUs, with each PSU representing the right to receive one share of the Issuer's Class A Common Stock.
- [F5]On March 30, 2025, the Reporting Person was granted PSUs, the vesting of which is subject to the achievement of certain performance criteria and to a service-based vesting criteria. On February 25, 2026, the Compensation Committee of the Board of Directors determined that 3,344 shares of the Issuer's Class A Common Stock were earned as result of the achievement of the performance criteria, with vesting to occur once the service-based vesting criteria are satisfied on March 15, 2026.
- [F6]Includes 8,390 PSUs, with each PSU representing the right to receive one share of the Issuer's Class A Common Stock.
- [F7]Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock.
- [F8]25% of the shares underlying the RSU vested on September 15, 2023, and the remaining shares underlying the RSU shall vest in 12 equal quarterly installments thereafter, subject to the Reporting Person's continuous employment with the Issuer on each such date.
- [F9]8.33% of the shares underlying the RSU vested on June 15, 2023, and the remaining shares underlying the RSU shall vest in 11 equal quarterly installments thereafter, subject to the Reporting Person's continuous employment with the Issuer on each such date.
Signature
/s/ Larissa Schwartz, attorney-in-fact of the Reporting Person|2026-02-27