Ninan Shibu 4

What Happened Ninan Shibu, Chief Accounting Officer of Okta, converted a total of 4,645 restricted stock units (reported as derivative conversions) into 4,645 shares on June 15, 2026. To satisfy tax withholding obligations, the company withheld 2,366 of those shares (reported as share dispositions for tax withholding). On June 16, 2026, Shibu also disposed of 2,492 shares as a gift. All conversion and withholding entries list a $0.00 exercise price (typical for RSU settlements); the Form 4 reports $0 cash received/paid for these entries.

Key Details

• Transaction dates: conversions and tax withholdings on 2026-06-15; gift on 2026-06-16. Filing date: 2026-06-17.
• Shares converted (derivative M): 4,645 total (2,196 + 484 + 836 + 1,129).
• Shares withheld for taxes (F): 2,366 total (1,118 + 247 + 426 + 575).
• Gift (G): 2,492 shares disposed on 2026-06-16.
• Price reported: $0.00 per share for conversions/withholding (standard for RSU settlement); total cash value reported in these lines: $0.
• Footnotes: RSUs = right to receive one share (F1). Vesting schedules referenced include a 25% tranche that vested 9/15/2023 and subsequent quarterly vesting (F2), and annual/quarterly vesting tranches with 8.33% vesting on 6/15/2024, 6/15/2025, and 6/15/2026 for other grants (F3–F5). The June 15, 2026 vesting (F5) appears to have triggered part of this conversion.
• Shares owned after the transactions are not provided in the excerpt of this filing.

Context

• These filings reflect RSU vesting/settlement (derivative conversion) and associated tax-withholding—common, routine actions for employees when equity grants vest. The withholding effectively is a cashless method to cover taxes (company retains/shares surrendered to cover tax).
• The gift is a non‑market disposition and does not necessarily signal a view on Okta stock performance.
• Filing appears timely (reporting period 2026-06-15, filed 2026-06-17); no late filing flag noted.