Form 4: Okta CFO Brett Tighe Reports Stock Transactions

Okta's Chief Financial Officer, Brett Tighe, reported multiple transactions involving Class A Common Stock and Restricted Stock Units on December 15, 2024.

Summary

• Brett Tighe, the Chief Financial Officer of Okta, Inc., filed a Form 4 detailing several transactions.
• These transactions occurred on December 15, 2024, and involved the acquisition and disposal of Class A Common Stock and Restricted Stock Units (RSUs).
• The transactions included the vesting of RSUs and the subsequent withholding of shares to cover tax obligations.
• Tighe's direct holdings of Class A Common Stock changed as a result of these transactions, with a final direct holding of 117,533 shares.
• He also holds 1,250 shares of Class A Common Stock indirectly through a trust.
• Additionally, Tighe holds a number of RSUs that vest over time, with some vesting on December 15, 2024, and others vesting in future quarterly installments.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing and does not indicate any positive or negative sentiment. It is a neutral report of transactions.

Industry Context

This is a routine filing for a company officer and is typical for executives who receive stock-based compensation. It provides transparency into the executive's holdings and transactions.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• The transactions reported are typical for executives who receive stock options and restricted stock units as part of their compensation packages.
• Similar filings are made by executives at companies like Salesforce, Workday, and ServiceNow, which are Okta's competitors in the cloud software space.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect the movement of shares related to executive compensation.
• The transactions do not have a direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Okta, Form 4, Brett Tighe, CFO, Class A Common Stock, Restricted Stock Units, RSU, insider trading, stock transactions, vesting