Form 4: Okta CFO Brett Tighe Reports Stock and RSU Transactions
SEC Form 4 Filing
Okta's Chief Financial Officer, Brett Tighe, filed a Form 4 detailing transactions involving Class A Common Stock and Restricted Stock Units.
Summary
- Brett Tighe, the CFO of Okta, Inc., filed a Form 4 with the SEC.
- The filing reports changes in beneficial ownership of Okta's securities.
- Tighe directly owns 130,944 shares of Class A Common Stock.
- He indirectly owns 1,250 shares of Class A Common Stock through a trust.
- The report details multiple Restricted Stock Unit (RSU) grants that vest over time, contingent on continued employment.
- He also indirectly owns 69,046 shares of Class A Common Stock through Class B Common Stock held by a trust, which is convertible to Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Future Outlook
The vesting schedules of the RSUs are contingent upon the Reporting Person's continuous employment with the Issuer.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's securities, providing transparency to investors.
Stakeholder Impact
- Shareholders are informed about the transactions of a key executive.
- The filing provides transparency regarding the executive's holdings and potential future ownership.
Key Dates
| Date | Description |
|---|---|
| 03/30/2025 | Date of earliest transaction reported. |
| 06/15/2022 | Initial vesting date for one RSU grant (18,321 shares). |
| 06/15/2023 | Initial vesting date for one RSU grant (25,191 shares). |
| 06/15/2024 | Initial vesting date for one RSU grant (30,987 shares). |
| 06/15/2025 | Initial vesting date for one RSU grant (42,239 shares). |
| 04/01/2025 | Date of signature for the report. |
Keywords
Form 4, Okta, Brett Tighe, CFO, Securities, RSU, Stock, Ownership
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