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 March 15, 2025.

Summary

• On March 15, 2025, Brett Tighe, the CFO of Okta, Inc., reported several transactions involving Okta's Class A Common Stock.
• These transactions included the disposition of shares to cover tax obligations and the acquisition of shares through the vesting of Restricted Stock Units (RSUs).
• Specifically, 16,042 shares of Class A Common Stock were disposed of to cover tax obligations at $0.
• Tighe acquired 203, 4,580, 6,297, and 3,873 shares of Class A Common Stock through the vesting of RSUs, also at $0.
• Following these transactions, Tighe directly owns 130,944 shares of Class A Common Stock and indirectly owns 1,250 shares through a trust.
• He also indirectly owns 69,046 shares of Class A Common Stock through a trust, which are convertible from Class B Common Stock.
• Tighe also holds derivative securities, including 30,987 Restricted Stock Units.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing stock transactions; it doesn't inherently convey positive or negative sentiment.

Future Outlook

The document does not contain any specific forward-looking statements regarding Okta's future performance or financial outlook.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC when a company insider, such as the CFO, engages in transactions involving the company's stock; it provides transparency to the market regarding insider activity.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their executives.
• Companies like CrowdStrike, Zscaler, and Palo Alto Networks also have executives who regularly file Form 4s to report stock transactions.
• The frequency and nature of these filings are similar across the industry, reflecting standard compensation practices and regulatory requirements.

Stakeholder Impact

• The transactions reported in this filing provide transparency to shareholders regarding the CFO's stock ownership.
• The vesting of RSUs may have a minor dilutive effect on existing shareholders.

Key Dates