Form 4: Okta CLO Larissa Schwartz Executes Stock Sale

Okta Chief Legal Officer Larissa Schwartz sold 6,377 shares of Class A Common Stock via a pre-arranged 10b5-1 trading plan.

Summary

• Chief Legal Officer and Corporate Secretary Larissa Schwartz sold a total of 6,377 shares of Okta, Inc. Class A Common Stock.
• The sales occurred on May 6, 2026, and May 7, 2026.
• Transactions were executed at weighted average prices ranging from $76.7263 to $80.00 per share.
• Following these transactions, the reporting person retains 48,448 shares of Class A Common Stock.
• The sales were conducted pursuant to a Rule 10b5-1 trading plan adopted on July 3, 2025.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the sale was conducted through a pre-planned 10b5-1 arrangement, which is standard practice for executive financial planning.

Positives

• The sale was executed under a pre-established Rule 10b5-1 trading plan, which is a standard mechanism for executives to sell shares without triggering insider trading concerns.

Negatives

• The transaction represents a reduction in the equity stake held by a key member of the executive leadership team.

Risks

• Continued reliance on equity-based compensation for executives may lead to periodic selling pressure on the stock.

Future Outlook

No specific forward-looking guidance regarding company performance was provided in this filing.

Industry Context

StockSavvy.ai notes that executive stock sales under 10b5-1 plans are routine corporate governance events and generally do not signal a change in company fundamentals or management sentiment.

Comparison to Industry Standards

• The use of Rule 10b5-1 plans is the industry standard for executives at major technology firms like Salesforce, Microsoft, and CrowdStrike to manage personal liquidity.

Stakeholder Impact

• Minimal impact on shareholders as the sale was pre-planned and represents a small portion of the executive's total holdings.

Next Steps

• Future vesting of Restricted Stock Units (RSUs) as per the established schedule.

Key Dates

Keywords

Okta, OKTA, Insider Trading, Form 4, Executive Compensation, Larissa Schwartz, SEC Filing