Form 4: Okta Director Benjamin Horowitz Reports Stock Transactions

Director Benjamin Horowitz reported the vesting and acquisition of Okta, Inc. Class A Common Stock via Restricted Stock Units (RSUs).

Summary

• On June 19, 2024, Benjamin Horowitz, a director of Okta, Inc., reported transactions involving Class A Common Stock.
• Horowitz acquired 2,818 shares of Class A Common Stock upon the vesting of Restricted Stock Units (RSUs) at a price of $0.
• Following this transaction, Horowitz directly owns 2,818 shares of Class A Common Stock.
• Horowitz also indirectly owns 560,873 shares through a family trust.
• On June 20, 2024, Horowitz was granted 2,832 Restricted Stock Units (RSUs) which vest on the earlier of June 20, 2025 or the date immediately prior to the Issuer's next regular annual stockholders meeting.
• Following this transaction, Horowitz directly owns 2,832 Restricted Stock Units (RSUs).

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Positives

• The vesting of RSUs indicates that performance milestones were likely met.

Future Outlook

The report indicates future vesting of RSUs, contingent on continued service to the Issuer.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common in publicly traded companies. It provides transparency to investors regarding the holdings and transactions of key personnel.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership.

Key Dates