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Okta, Inc.·4

Feb 27, 5:16 PM ET

Addison Jonathan James 4

Research Summary

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Updated

Okta (OKTA) CRO Addison Jonathan James Receives Stock Award

What Happened

  • Addison Jonathan James, Chief Revenue Officer of Okta, was credited with performance-based share awards on Feb 25, 2026. The filing shows two award entries: 5,810 shares (PSUs) and 12,319 shares (PSUs), each recorded at $0.00, for a total of 18,129 performance-based units earned. These PSUs were originally granted on March 29, 2024 (5,810) and March 30, 2025 (12,319); the Compensation Committee determined the performance criteria were met on Feb 25, 2026.
  • These awards are not purchases or sales — they are contingent equity awards. Vesting is still subject to a service-based requirement: the units are set to vest once the reporting person satisfies the service condition on March 15, 2026.

Key Details

  • Transaction date: Feb 25, 2026; Report filed: Feb 27, 2026 (appears timely).
  • Transaction type/code: A = Award/Grant (PSUs); price reported = $0.00 per share (no cash paid).
  • Shares awarded/earned: 5,810 (grant dated Mar 29, 2024) + 12,319 (grant dated Mar 30, 2025) = 18,129 PSUs.
  • PSU conversion: Each PSU represents the right to receive one share of Class A common stock (per footnotes).
  • Vesting: Compensation Committee determined performance targets met; shares vest upon satisfaction of service-based vesting on March 15, 2026.
  • Shares owned after transaction: Not specified in the provided excerpt of the filing.
  • Other footnotes (F6–F10) describe separate RSU time-based vesting schedules (quarterly vesting/percentages) for other awards held by the reporting person.

Context

  • PSUs are performance-contingent awards: the reporting person earned the units because performance goals were achieved, but receipt of shares still requires meeting the service (time) condition. Because this is an award (not an open-market purchase), it should be viewed as compensation-related rather than a direct bullish personal purchase.
  • Reported at $0.00 means no cash changed hands at grant; tax withholding or delivery of shares, if any, would be handled later per company plan and are not detailed here.