Schwartz Larissa 4

What Happened

• Larissa Schwartz, Chief Legal Officer and Corporate Secretary of Okta (OKTA), had restricted stock units (RSUs) fully vest on March 15, 2026. The Form 4 shows conversion/exercise of RSU derivatives into shares (code M) and share dispositions to pay tax liabilities (code F).
• The filing records 9,572 shares as "acquired" on conversion (all at $0.00 per share, reflecting RSU settlement) and 27,792 shares "disposed" to satisfy tax withholding/payment obligations. All transactions relate to vested RSUs rather than open-market buys or discretionary sales.

Key Details

• Transaction date: March 15, 2026; Form 4 filed March 17, 2026 (timely filing).
• Prices: $0.00 per share for the conversion (these were RSUs, not option exercises with cash strike prices).
• Net effect: RSU vesting with shares issued and a substantial number withheld to cover taxes. (The filing also shows related derivative conversion/settlement entries.)
• Footnotes: F1–F4 note that each RSU equals one share, the RSUs fully vested on March 15, 2026, and earlier vesting tranches occurred per the stated quarterly schedule.
• Shares owned after the transaction: not provided in the excerpt.

Context

• This was a standard RSU vesting and tax-withholding settlement, not an open-market sale or buy. Tax withholding (code F) is routine when awards vest; it does not necessarily indicate a personal decision to sell for investment reasons.
• Derivative code M simply reflects conversion/exercise of the RSU/derivative into company shares.