Form 4: Okta Director Jacques Frederic Kerrest Executes Stock Option and Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Director Jacques Frederic Kerrest exercised stock options and sold Okta Class A Common Stock, both directly and indirectly through a trust, under a pre-arranged 10b5-1 trading plan.
Summary
- Jacques Frederic Kerrest, a director at Okta, Inc., executed transactions involving Okta's Class A and Class B Common Stock on February 13, 2025.
- Kerrest exercised employee stock options to acquire 65,000 shares of Class A Common Stock.
- He then sold 65,000 shares of Class A Common Stock at a price of $100.5 per share.
- These transactions were conducted under a Rule 10b5-1 trading plan adopted on September 19, 2024.
- The transactions also involved shares held indirectly through a trust.
- The reporting person also acquired and disposed of Class A Common Stock held by a trust.
- The reporting person continues to hold a significant number of Class B Common Stock and options to purchase Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions. It is common for executives and directors to utilize 10b5-1 plans to manage their stock sales and avoid accusations of insider trading.
Key Dates
| Date | Description |
|---|---|
| September 19, 2024 | Date of adoption of Rule 10b5-1 trading plan |
| February 13, 2025 | Date of stock option exercise and stock sales |
| February 18, 2025 | Date of Form 4 filing |
| June 20, 2025 | Date of RSU vesting |
| July 29, 2026 | Expiration date of employee stock option |
| March 21, 2028 | Expiration date of employee stock option |
| March 24, 2029 | Expiration date of employee stock option |
| April 14, 2030 | Expiration date of employee stock option |
| April 21, 2031 | Expiration date of employee stock option |
Keywords
Form 4, Okta, Director, Kerrest, Stock Options, Class A Common Stock, Class B Common Stock, Rule 10b5-1, Insider Trading
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