Form 4: Okta CRO Sells $1.8M in Stock Under 10b5-1 Plan

Okta's Chief Revenue Officer, Jonathan James Addison, sold 23,304 shares of Class A Common Stock for approximately $1.8 million through a pre-arranged 10b5-1 trading plan.

Summary

• Jonathan James Addison, Okta's Chief Revenue Officer, sold a total of 23,304 shares of Class A Common Stock on March 25, 2026.
• The sales were executed under a Rule 10b5-1 trading plan adopted on December 24, 2025.
• The shares were sold in three tranches at weighted average prices of $77.1011, $77.8699, and $78.653 per share.
• Following these transactions, Addison directly beneficially owns 33,814 shares of Class A Common Stock.
• Addison also holds 96,649 Restricted Stock Units (RSUs) which vest over time, subject to continuous employment.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. Insider sales, especially under a 10b5-1 plan, are typically for personal financial planning and do not necessarily reflect a change in the executive's confidence in the company's future.

Positives

• The sales were conducted under a pre-arranged Rule 10b5-1 trading plan, indicating a planned and transparent transaction rather than an immediate reaction to market conditions.

Negatives

• An insider sale, particularly by a Chief Revenue Officer, could be perceived negatively by some investors as it reduces the officer's direct equity stake in the company.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider sales under Rule 10b5-1 plans are common practice for executives to manage personal finances and diversify holdings without implying a negative outlook on the company. Such plans are pre-scheduled and designed to avoid accusations of trading on material non-public information.

Stakeholder Impact

• Shareholders: May interpret the sale as a slight negative due to reduced insider ownership, though the 10b5-1 plan mitigates this concern.
• Employees: No direct impact mentioned.

Next Steps

• Remaining shares underlying RSUs shall vest in 11 equal quarterly installments, subject to continuous employment.

Key Dates

Recommendation

The insider sale by Okta's CRO is a routine transaction executed under a pre-arranged 10b5-1 plan. While it reduces the executive's direct equity stake, it does not signal a fundamental change in the company's prospects or warrant a change in investment thesis based solely on this filing. Investors should maintain their current position and look to broader company performance and market trends for investment decisions.

Keywords

Okta, OKTA, Insider Trading, Form 4, Stock Sale, Jonathan James Addison, Chief Revenue Officer, 10b5-1 Plan, Equity, Restricted Stock Units