Form 4: Okta CFO Brett Tighe Reports Changes in Beneficial Ownership

Okta's Chief Financial Officer, Brett Tighe, reported transactions involving Class A Common Stock and Restricted Stock Units on March 15, 2024, resulting in adjustments to his beneficial ownership.

Summary

• On March 15, 2024, Brett Tighe, the Chief Financial Officer of Okta, Inc., engaged in transactions involving Okta's Class A Common Stock and Restricted Stock Units (RSUs).
• These transactions included the acquisition of shares through the vesting of RSUs and the disposal of shares to cover tax obligations.
• Following these transactions, Tighe directly owns 89,339 shares of Class A Common Stock and indirectly owns 1,250 shares through a trust.
• He also directly owns 50,381 derivative securities in the form of Restricted Stock Units and indirectly owns 69,046 shares of Class A Common Stock through a trust.

Sentiment

Score: 5

Explanation: This is a neutral filing, simply reporting transactions. It doesn't inherently indicate positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common for publicly traded companies like Okta. It provides transparency into the transactions of key personnel.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their executives, ensuring transparency in stock transactions.
• Similar filings are made by executives at comparable companies like CrowdStrike, Zscaler, and Cloudflare, reflecting their stock ownership and trading activities.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the transactions of a key executive.
• It can influence investor perception of management's confidence in the company.

Key Dates