Form 4: Okta CRO Granted 55,426 Restricted Stock Units

Okta's Chief Revenue Officer, Jonathan James Addison, was granted 55,426 Restricted Stock Units (RSUs) on March 19, 2026, as part of his compensation.

Summary

• Jonathan James Addison, Okta's Chief Revenue Officer, reported the acquisition of 55,426 Restricted Stock Units (RSUs) on March 19, 2026.
• Each RSU represents the right to receive one share of Okta's Class A Common Stock.
• The newly granted RSUs will vest 8.33% on June 15, 2026, with the remainder vesting in 11 equal quarterly installments thereafter, contingent on continuous employment.
• Mr. Addison also disclosed direct beneficial ownership of 27,668 shares of Class A Common Stock.
• Additionally, the filing details existing RSU grants totaling 41,223 units (10,773, 5,810, and 24,640 RSUs) with previously established vesting schedules commencing in March 2024, June 2024, and June 2025, respectively.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a moderately positive event, reflecting standard executive compensation practices designed for retention and alignment with long-term company performance.

Positives

• The grant of 55,426 RSUs aligns executive incentives with long-term shareholder value.
• The vesting schedule promotes executive retention and continued commitment to the company's performance.

Negatives

• Future conversion of RSUs to common stock could lead to minor share dilution.
• No immediate cash transaction for the reporting person is indicated by this grant.

Risks

• Vesting of all Restricted Stock Units is subject to the reporting person's continuous employment with Okta, Inc.

Future Outlook

The vesting schedules for the granted Restricted Stock Units indicate future share issuances to the Chief Revenue Officer over several years, contingent on his continued employment with Okta, Inc.

Industry Context

StockSavvy.ai notes that granting Restricted Stock Units is a common practice in the technology sector for executive compensation, aiming to align management's interests with long-term shareholder value and to ensure executive retention. This grant is consistent with typical compensation structures for Chief Revenue Officers at publicly traded software companies.

Comparison to Industry Standards

• The use of RSUs as a significant component of executive compensation is standard across the technology industry, comparable to practices at companies like Salesforce, Microsoft, and Adobe.
• Vesting schedules tied to continuous employment are a common mechanism to incentivize long-term commitment and performance, mirroring similar structures seen in executive compensation packages at peer companies.
• The size of the RSU grant for a Chief Revenue Officer at a company of Okta's scale appears to be within industry norms, reflecting the executive's role and potential future contributions.

Stakeholder Impact

• Shareholders: Potential for minor future dilution as RSUs convert to shares; improved executive retention and alignment with long-term company performance.
• Employees: Standard executive compensation practices can set a precedent for broader employee incentive programs.

Next Steps

• Vesting of 8.33% of the 55,426 RSUs on June 15, 2026.
• Subsequent quarterly vesting installments for the 55,426 RSUs over the following 11 quarters.
• Continued vesting of previously granted RSUs on their respective schedules.

Key Dates

Keywords

Okta, OKTA, Restricted Stock Units, RSU, Executive Compensation, Insider Transaction, Form 4, Jonathan James Addison, Chief Revenue Officer, Stock Grant, Vesting