Form 4: Okta CLO Larissa Schwartz Reports RSU Grant & Vesting

Okta's Chief Legal Officer, Larissa Schwartz, reported the acquisition of 43,109 Restricted Stock Units and vesting schedules for existing RSU grants.

Summary

• Larissa Schwartz, Okta's Chief Legal Officer and Corporate Secretary, reported changes in her beneficial ownership.
• Acquired 43,109 Restricted Stock Units (RSUs) on March 19, 2026, which represent the right to receive one share of Class A Common Stock each.
• These newly acquired RSUs will vest 8.33% on June 15, 2026, with the remaining shares vesting in 11 equal quarterly installments thereafter, contingent on continuous employment.
• Reported vesting schedules for 7,747 previously granted RSUs, with 8.33% having vested on June 15, 2024, and the remainder vesting in 11 equal quarterly installments.
• Reported vesting schedules for 24,640 previously granted RSUs, with 8.33% having vested on June 15, 2025, and the remainder vesting in 11 equal quarterly installments.
• Beneficially owns 61,202 shares of Class A Common Stock directly following the reported transactions.
• Beneficially owns a total of 75,496 Restricted Stock Units directly (43,109 new + 7,747 existing + 24,640 existing).

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a routine disclosure of executive compensation and stock ownership, reflecting standard corporate governance and incentive alignment practices without significant positive or negative implications for the company's immediate operational or financial performance.

Positives

• The grant of 43,109 Restricted Stock Units to a key executive aligns executive incentives with the long-term performance and shareholder value of Okta.
• The continued vesting of previously granted RSUs demonstrates ongoing executive retention and commitment to the company.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that RSU grants are a standard component of executive compensation packages in the technology sector, particularly for growth-oriented companies like Okta, aiming to incentivize long-term performance and executive retention. This filing reflects routine compensation practices.

Comparison to Industry Standards

• The use of Restricted Stock Units (RSUs) for executive compensation is a common practice across the technology industry, comparable to companies like Salesforce, Microsoft, and Adobe, which frequently utilize RSUs to align executive incentives with shareholder value creation and long-term growth.
• The vesting schedule, typically over several years with quarterly installments, is standard for retaining key talent and encouraging sustained performance, similar to compensation structures observed at peer companies.

Stakeholder Impact

• Shareholders: Executive compensation through RSUs aligns management's interests with long-term shareholder value, potentially fostering sustained growth.
• Employees: While specific to a senior officer, the use of RSUs as a compensation component can influence broader employee compensation strategies and retention efforts within the company.

Next Steps

• Continued vesting of the 43,109 RSUs in 11 equal quarterly installments after June 15, 2026, subject to continuous employment.
• Continued vesting of the 7,747 RSUs in 11 equal quarterly installments after June 15, 2024, subject to continuous employment.
• Continued vesting of the 24,640 RSUs in 11 equal quarterly installments after June 15, 2025, subject to continuous employment.

Key Dates

Recommendation

This Form 4 filing details routine executive compensation through RSU grants and vesting schedules. It does not provide new information regarding Okta's operational performance, strategic direction, or financial health that would warrant a change in investment recommendation. The filing primarily confirms ongoing executive incentive alignment, which is generally a neutral factor for a seasoned investor.

Keywords

Okta, OKTA, Larissa Schwartz, Form 4, SEC Filing, Restricted Stock Units, RSU, Insider Transaction, Executive Compensation, Stock Ownership, Vesting