Form 4: Okta CFO Sells $950K in Stock Under 10b5-1 Plan

Okta's Chief Financial Officer, Brett Tighe, sold 10,000 shares of Class A Common Stock for $950,000 on October 2, 2025, as part of a pre-arranged Rule 10b5-1 trading plan.

Summary

• Okta's Chief Financial Officer, Brett Tighe, executed a sale of 10,000 shares of Class A Common Stock.
• The transaction occurred on October 2, 2025, at a price of $95 per share, totaling $950,000.
• This sale was conducted under a Rule 10b5-1 trading plan, which was adopted on April 14, 2025.
• Following the transaction, Brett Tighe directly beneficially owns 133,336 shares of Class A Common Stock and indirectly owns 1,250 shares via a trust.
• Tighe also holds 80,197 Restricted Stock Units (RSUs) with various vesting schedules and 69,046 shares of Class B Common Stock indirectly through a trust, convertible to Class A.

Sentiment

Score: 4

Explanation: The sale of 10,000 shares by the CFO, while executed under a pre-arranged 10b5-1 plan, still represents a reduction in insider ownership, which can be viewed with slight caution by investors.

Positives

• The sale was executed under a pre-arranged Rule 10b5-1 trading plan, indicating it was not based on immediate, non-public information.

Negatives

• An insider sale of 10,000 shares, valued at $950,000, could be perceived as a negative signal by some investors, despite being pre-planned.

Stakeholder Impact

• Shareholders: May interpret the insider sale as a slightly negative signal, potentially impacting investor confidence.

Next Steps

• Continued vesting of various tranches of Restricted Stock Units for Brett Tighe, subject to continuous employment.

Key Dates

Recommendation

While the CFO's sale of shares is a notable event, it was conducted under a pre-arranged 10b5-1 plan, which suggests it's not based on new, adverse material information. The amount sold represents a portion of the CFO's holdings, and significant RSU and Class B Common Stock holdings remain. Without additional company-specific news or broader market context, a 'hold' recommendation is appropriate, advising investors to monitor future developments rather than making an immediate buy or sell decision based solely on this Form 4.

Keywords

Okta, OKTA, Brett Tighe, CFO, Insider Sale, Form 4, 10b5-1 Plan, Stock Transaction, Class A Common Stock, Restricted Stock Units