Form 4: Okta CLO Larissa Schwartz Executes RSU Vesting

Okta Chief Legal Officer Larissa Schwartz acquired 8,609 shares through RSU vesting and disposed of 4,382 shares to cover tax obligations.

Summary

• Larissa Schwartz, Chief Legal Officer and Corporate Secretary of Okta, Inc., exercised vested Restricted Stock Units (RSUs) on June 15, 2026.
• A total of 8,609 shares were acquired through the conversion of RSUs.
• A total of 4,382 shares were withheld by the company to satisfy tax withholding requirements associated with the vesting.
• The net increase in the reporting person's beneficial ownership was 4,227 shares.
• Following these transactions, the reporting person holds 27,704 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as it is a routine administrative filing regarding executive equity compensation rather than a strategic or market-moving event.

Positives

• The transaction reflects standard equity compensation vesting for a key executive.
• The reporting person maintains a significant equity stake of 27,704 shares in the company.

Negatives

• The transaction involved the disposal of shares to cover tax liabilities, which is a standard but non-discretionary reduction in holdings.

Risks

• Future vesting is contingent upon the reporting person's continuous employment with the issuer.

Future Outlook

The reporting person holds remaining unvested RSUs totaling 66,887 shares, which will continue to vest in quarterly installments subject to continued employment.

Industry Context

StockSavvy.ai notes that this filing represents routine executive compensation activity common in the software-as-a-service (SaaS) sector, where equity-based incentives are a primary component of executive retention packages.

Comparison to Industry Standards

• The use of RSUs as a primary compensation vehicle is consistent with industry standards for large-cap technology firms like Salesforce, CrowdStrike, and Microsoft.
• The practice of withholding shares to cover tax obligations is a standard administrative procedure for public companies.

Stakeholder Impact

• Minimal impact on shareholders as the transaction is a standard compensation event.

Next Steps

• Continued quarterly vesting of remaining RSU tranches for the reporting person.

Key Dates

Keywords

Okta, Insider Trading, Form 4, Equity Compensation, RSU, Corporate Governance