Ninan Shibu 4

What Happened

• Ninan Shibu, Chief Accounting Officer of Okta, had multiple restricted stock units (RSUs) vest on March 15, 2026. The filing shows a total of 10,485 shares underlying RSUs vested. Of those, 4,072 shares were issued to Shibu and 6,413 shares were withheld/disposed to satisfy tax withholding obligations. The reported transaction prices are $0.00 because these were RSU conversions (no exercise price/cash purchase).

Key Details

• Transaction date: March 15, 2026. Form 4 filed March 17, 2026 (within the standard two-business-day filing window).
• Breakdown: Total vested shares = 10,485; Shares issued to insider = 4,072; Shares withheld / disposed for taxes = 6,413.
• Reported price/value: $0.00 on the conversion lines (RSU settlement); no cash purchase.
• Transaction codes: M = exercise/conversion of derivative security (RSU conversion); F = payment of exercise price or tax liability (share withholding for taxes).
• Footnotes: RSUs convert 1-for-1 into Class A common stock (F1); various vesting schedules applied (F2–F5); F3 notes the relevant RSU fully vested on March 15, 2026.
• Shares owned after the transaction: Not specified in the supplied filing details.

Context

• This was a routine RSU vesting and tax-withholding event, not an open-market buy or sale. Withholdings to cover taxes (code F) are common when equity awards vest and do not by themselves indicate bullish or bearish insider trading intent. The filing shows conversion/settlement activity (M) and withholding to satisfy tax liabilities.