Ninan Shibu 4

What Happened

• Ninan Shibu, Chief Accounting Officer of Okta, was granted 13,549 restricted stock units (RSUs) on March 19, 2026. The RSUs were reported on a Form 4 as a derivative award with an acquisition price of $0.00 (no cash paid). Each RSU represents the right to receive one share of Okta Class A common stock upon vesting.

Key Details

• Transaction date: March 19, 2026; Form 4 filed March 23, 2026 (4 days after the transaction).
• Transaction type/code: Award/Grant (derivative) — 13,549 RSUs at $0.00.
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnotes from the filing:
  • F1: Each RSU equals one share of Class A common stock.
  • F2: 8.33% of the RSUs vest on June 15, 2026; remaining portion vests in 11 equal quarterly installments thereafter (subject to continued employment).
  • F3: (Prior schedule) 25% vested on Sept 15, 2023; remaining vested in 12 equal quarterly installments (subject to continued employment).
  • F4: 8.33% vested on June 15, 2024; remaining vests in 11 equal quarterly installments (subject to continued employment).
  • F5: 8.33% vested on June 15, 2025; remaining vests in 11 equal quarterly installments (subject to continued employment).
• Timeliness: Filing date is 4 days after the reported transaction; Form 4s are typically due within two business days, so this filing appears to be later than the usual deadline.

Context

• RSUs are compensation awards that convert into actual shares only as they vest; no shares were bought or sold in this transaction. Such grants are common for employee compensation and retention and do not by themselves indicate the insider bought or sold stock in the open market. No 10b5-1 plan, immediate sale, or tax-withholding details are noted in the provided information.