Addison Jonathan James 4

What Happened

• Jonathan Addison, Chief Revenue Officer of Okta (OKTA), had restricted stock units (RSUs) fully vest on March 15, 2026. The filing shows a total of 28,248 RSUs converting to shares. Of those, 12,291 shares were reported as acquired on conversion (transaction code M) and 15,957 shares were surrendered/withheld to satisfy tax withholding obligations (transaction code F). All reported transactions show $0 exercise price or cash proceeds.

Key Details

• Transaction date: March 15, 2026; Form 4 filed March 17, 2026 (timely filing).
• Total shares vested/converted: 28,248.
• Shares acquired on conversion (M): 12,291.
• Shares withheld/disposed for tax liability (F): 15,957.
• Reported price/exercise amount: $0 for all entries.
• Footnotes: RSUs represent the right to one share each and the applicable RSU awards fully vested on March 15, 2026; earlier vesting schedule details are noted in the filing (initial 8.33% tranches and subsequent quarterly vesting for prior awards).
• No open-market purchase or sale proceeds reported; transactions reflect award settlement and tax withholding rather than a discretionary sale or purchase.

Context

• These entries document RSU vesting and net settlement (routine compensation events). Transaction codes: M = conversion/exercise of derivative (RSU settlement), F = shares withheld/used to pay taxes. Such withholding to cover taxes is common and does not necessarily indicate the insider is buying or selling stock as a market signal.