Form 4: Okta Director Benjamin Horowitz Converts Restricted Stock Units into Shares

Okta, Inc. Director Benjamin A. Horowitz has converted 2,832 Restricted Stock Units (RSUs) into Class A Common Stock following their full vesting on June 20, 2025.

Summary

• Benjamin A. Horowitz, a Director of Okta, Inc. (OKTA), reported a transaction involving the conversion of Restricted Stock Units (RSUs) into Class A Common Stock.
• On June 20, 2025, 2,832 RSUs vested in full, resulting in the acquisition of 2,832 shares of Okta's Class A Common Stock.
• The transaction code 'M' indicates an exercise of in-the-money or conversion of a derivative security, with a reported price of $0, signifying a vesting event rather than a purchase.
• Following this transaction, Mr. Horowitz directly holds 5,650 shares of Class A Common Stock.
• Additionally, 560,873 shares of Class A Common Stock are held indirectly by a family trust for which Mr. Horowitz is a trustee.
• The number of Restricted Stock Units beneficially owned by Mr. Horowitz following this transaction is 0, as all 2,832 RSUs vested.

Sentiment

Score: 7

Explanation: The sentiment is positive for the individual insider due to the vesting of equity awards, which is a beneficial event for them. For the company and its stock, it's largely neutral as it's a routine, pre-scheduled compensation event and not a new investment or divestment decision.

Positives

• The vesting of Restricted Stock Units represents a positive outcome for the reporting person, Benjamin A. Horowitz, as it converts equity awards into tangible shares of Class A Common Stock.
• The transaction increases the direct shareholding of a key director in the company, potentially aligning his interests further with those of shareholders.

Future Outlook

This Form 4 filing is a routine disclosure of an insider transaction and does not contain forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This filing is a standard insider transaction report (Form 4) and does not provide information relevant to broader industry trends or competitive analysis. It reflects a routine equity compensation event for a director.

Related Party Transactions

• 560,873 shares of Class A Common Stock are held indirectly by a family trust for which the Reporting Person, Benjamin A. Horowitz, is a trustee. This is a standard disclosure of an existing indirect beneficial ownership.

Stakeholder Impact

• Shareholders: The transaction is a routine equity compensation event and is unlikely to have a significant direct impact on the share price or shareholder value. It represents a director's increased direct stake in the company.
• Employees: Not directly impacted by this specific director transaction, though it reflects the company's equity compensation practices.

Key Dates

Keywords

Okta, OKTA, Benjamin Horowitz, Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Class A Common Stock, Director Holdings