Schwartz Larissa 4

What Happened

• Larissa Schwartz, Chief Legal Officer and Corporate Secretary of Okta, sold 1,836 shares of Okta common stock in an open-market disposition on March 10, 2026. The reported weighted-average sale price was $79.89 per share for total proceeds of approximately $146,684. The sale was effected under a pre-established Rule 10b5-1 trading plan.

Key Details

• Transaction date: March 10, 2026.
• Transaction type: Sale (open market), Code S.
• Price: Weighted average $79.89; shares were sold in multiple trades at prices ranging $79.75–$80.00 (per footnote).
• Proceeds: ~ $146,684.
• 10b5-1 plan: Adopted by the reporting person on July 3, 2025 (per footnote).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Other holdings disclosed: Filing references 44,930 performance stock units (PSUs) and multiple restricted stock unit (RSU) awards with staggered vesting schedules (see footnotes F3–F8).
• Filing timeliness: Reported on March 12, 2026; filed two days after the transaction, which appears timely under the usual two-business-day Form 4 requirement.

Context

• Because the sale was executed under a Rule 10b5-1 trading plan, these transactions are typically pre-scheduled and may not reflect the insider’s current view of the company. The weighted-average price and reported price range indicate the shares were sold in multiple executions. For retail investors, routine sales under 10b5-1 plans are common for tax or diversification purposes and are generally less informative than unscheduled open-market purchases.