Form 4: Okta CEO McKinnon Reports Future RSU Grant

Okta CEO Todd McKinnon filed a Form 4 detailing the acquisition of 103,462 Restricted Stock Units and existing stock options, effective March 19, 2026, under a Rule 10b5-1 plan.

Summary

• Todd McKinnon, Chief Executive Officer and Director of Okta, Inc. (OKTA), reported changes in beneficial ownership.
• The filing indicates a transaction made pursuant to a Rule 10b5-1(c) plan.
• McKinnon beneficially owns 108,346 shares of Class A Common Stock directly.
• He acquired 103,462 Restricted Stock Units (RSUs) on March 19, 2026, which will vest 8.33% on June 15, 2026, and the remainder in 11 equal quarterly installments thereafter.
• He also holds 20,141 RSUs, of which 8.33% vested on June 15, 2024, with remaining shares vesting in 11 equal quarterly installments.
• Additionally, he holds 59,135 RSUs, of which 8.33% vested on June 15, 2025, with remaining shares vesting in 11 equal quarterly installments.
• Indirectly, through a Trust, he holds 6,383,887 and 128,247 shares of Class B Common Stock, each convertible into one share of Class A Common Stock.
• McKinnon holds fully vested employee stock options to purchase a total of 271,624 shares of Class A Common Stock at exercise prices ranging from $82.16 to $274.96, expiring between March 24, 2029, and April 21, 2031.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing as it details the CEO's continued accumulation of equity through RSU grants and existing option holdings, which aligns his interests with long-term shareholder value, without any sales.

Positives

• Acquisition of 103,462 Restricted Stock Units (RSUs) by the CEO indicates continued long-term incentive and alignment with shareholder interests.
• The transactions are part of a Rule 10b5-1 plan, suggesting pre-planned and systematic equity management.

Industry Context

StockSavvy.ai notes that insider equity grants and holdings are standard practice for executive compensation in the technology sector, aligning management incentives with long-term company performance. This filing reflects a typical compensation structure for a CEO of a publicly traded software company.

Stakeholder Impact

• Shareholders: The CEO's continued equity accumulation through RSU grants and existing options generally signals confidence in the company's future and aligns management's interests with long-term shareholder value.

Next Steps

• Vesting of 103,462 Restricted Stock Units (RSUs) will begin on June 15, 2026, with subsequent quarterly installments.
• Remaining shares of 20,141 and 59,135 Restricted Stock Units (RSUs) will continue to vest in equal quarterly installments.

Key Dates

Keywords

Okta, OKTA, Todd McKinnon, CEO, Director, Form 4, SEC filing, insider transaction, beneficial ownership, Restricted Stock Units, RSU, stock options, Class A Common Stock, Class B Common Stock, 10b5-1 plan