Okta (OKTA) President Eric Kelleher Exercises/Converts Derivatives

What Happened

• Eric Kelleher, President and Chief Operating Officer of Okta, converted/exercised derivative awards on 2026-09-15 to acquire 4,841, 5,280 and 6,158 shares (total 16,279 shares). The reported price per share was $0, consistent with RSU settlement/award conversion rather than an open-market purchase. To satisfy tax withholding obligations, 2,464, 2,687 and 3,134 shares (total 8,285 shares) were withheld/disposed. The filing also records the cancellation/disposition of the underlying derivative awards corresponding to the converted amounts.

Key Details

• Transaction date: 2026-09-15; Form filed: 2026-09-17 (timely filing).
• Shares acquired via conversion/exercise: 4,841; 5,280; 6,158 (total 16,279).
• Shares withheld/used to pay tax liabilities: 2,464; 2,687; 3,134 (total 8,285).
• Price per share reported: $0.00 (reflects RSU/award settlement or conversion).
• Shares owned after the transaction: not provided in the excerpt.
• Footnotes: F1–F4 describe RSU treatment and vesting schedules (8.33% vested on June 15 of 2024, 2025, and 2026 with remaining shares vesting in quarterly installments). F5 notes options are fully vested and exercisable.
• Transaction codes: M = exercise/conversion of derivative; F = payment of exercise price or tax liability (share withholding).

Context

• These transactions represent award/derivative settlement and tax withholding (i.e., issuing shares on conversion and withholding some to cover taxes), not an open-market buy or deliberate sale. Such conversions are common when RSUs vest or options are exercised; they do not necessarily signal a change in the insider’s market view.