Form 4: Okta COO Sells Shares Under Pre-Arranged Trading Plan
Insider Transaction Report
Okta's President and COO, Eric Robert Kelleher, reported the sale of 8,497 shares of Class A Common Stock through a Rule 10b5-1 trading plan.
Summary
- Eric Robert Kelleher, President and Chief Operating Officer of Okta, Inc., reported sales of Class A Common Stock.
- On December 18, 2025, Kelleher sold 5,711 shares at a weighted average price of $90.0061 per share, with prices ranging from $89.38 to $90.375.
- Also on December 18, 2025, an additional 2,659 shares were sold at a weighted average price of $90.5704 per share, with prices ranging from $90.38 to $90.78.
- On December 22, 2025, 127 shares were sold at $91.4 per share.
- These transactions were executed under a Rule 10b5-1 trading plan adopted on April 15, 2025.
- Following these transactions, Kelleher beneficially owns 11,266 shares of Class A Common Stock, which includes 127 shares acquired under a Section 423 Employee Stock Purchase Plan.
- Kelleher also holds various employee stock options and Restricted Stock Units (RSUs) with different vesting schedules.
Sentiment
Score: 5
Explanation: Neutral. The filing reports routine insider stock sales executed under a pre-arranged 10b5-1 trading plan, which is a common practice for executives to manage their equity holdings and is generally not indicative of a change in company fundamentals or management's outlook.
Negatives
- The President and COO sold a total of 8,497 shares of Class A Common Stock.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders may observe a slight increase in the float due to the sale of shares, though the impact is minimal given the pre-planned nature of the transactions.
Key Dates
| Date | Description |
|---|---|
| 2022-06-15 | First vesting date for a portion of 1,188 Restricted Stock Units. |
| 2023-06-15 | First vesting date for a portion of 9,953 Restricted Stock Units. |
| 2024-06-15 | First vesting date for a portion of 24,209 Restricted Stock Units. |
| 2025-04-15 | Date Rule 10b5-1 trading plan was adopted by the Reporting Person. |
| 2025-06-15 | First vesting date for a portion of 47,519 Restricted Stock Units. |
| 2025-12-18 | Transaction date for sales of 5,711 and 2,659 shares of Class A Common Stock. |
| 2025-12-22 | Transaction date for sale of 127 shares of Class A Common Stock and filing signature date. |
| 2026-10-23 | Expiration date for 4,818 Employee Stock Options (Class B Common Stock). |
| 2030-09-21 | Expiration date for 2,955 Employee Stock Options (Class A Common Stock). |
| 2031-04-21 | Expiration date for 6,792 Employee Stock Options (Class A Common Stock). |
| 2031-09-22 | Expiration date for 12,587 Employee Stock Options (Class A Common Stock). |
Recommendation
holdThe filing details routine insider stock sales executed under a pre-arranged 10b5-1 trading plan. Such transactions are common for executives managing personal finances and equity compensation and typically do not signal a change in the company's fundamental prospects or warrant a change in investment recommendation. Investors should focus on Okta's operational performance and broader market trends rather than these scheduled sales.
Keywords
Okta, OKTA, Insider Trading, Form 4, Stock Sale, Eric Robert Kelleher, Rule 10b5-1, Officer Transaction, Equity Sales, Common Stock
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