Addison Jonathan James 4

What Happened

• Addison Jonathan James, Chief Revenue Officer of Okta, had multiple restricted stock units (RSUs) convert to Class A common stock on June 15, 2026. A total of 12,741 shares were issued on conversion (four vesting events of 3,591; 1,452; 3,080; and 4,618 shares).
• To satisfy tax withholding, 6,617 shares were withheld/disposed (amounts of 1,929; 770; 1,568; and 2,350). All transactions show $0.00 exercise price, consistent with RSU settlement (no cash exercise price). Net shares received by the reporting person = 12,741 − 6,617 = 6,124 shares.
• These were not open-market purchases or voluntary sales but routine RSU settlements with sell-to-cover tax withholding.

Key Details

• Transaction date: June 15, 2026; Form 4 filed June 17, 2026 (appears timely).
• Transaction codes: M = exercise/conversion of derivative (RSU conversion to shares); F = payment of exercise price or tax liability (sell/withholding for taxes).
• Gross shares issued on settlement: 12,741; shares withheld for taxes: 6,617; net shares delivered: 6,124. All entries show $0.00 per share (RSU settlement).
• Shares owned after the transactions: not specified in the provided filing data.
• Footnotes: F1–F5 confirm these were RSUs (one RSU = one share) and outline the vesting schedule (8.33% vesting on prior dates and remaining shares vesting in quarterly installments, with 8.33% vesting noted on June 15, 2026).

Context

• This is a standard RSU vesting and sell-to-cover tax withholding — not a market buy or a directional sale. Such settlements are routine compensation events and do not necessarily signal the insider’s view on the stock.
• For derivative/RSU transactions: the RSU converted to shares (M), then a portion was immediately withheld/disposed to pay taxes (F), and the derivative interest was cancelled as part of settlement.