Form 4: Okta Director Jeff Epstein Reports Stock Transactions

Director Jeff Epstein reports the acquisition and disposal of Okta Class A Common Stock and Restricted Stock Units.

Summary

• Jeff Epstein, a director of Okta, Inc., filed a Form 4 detailing changes in beneficial ownership.
• On June 19, 2024, Epstein disposed of 2,818 shares of Class A Common Stock.
• Following this transaction, Epstein directly owns 7,492 shares of Class A Common Stock.
• On June 19, 2024, Epstein vested 2,818 Restricted Stock Units (RSUs) which converted into Class A Common Stock.
• On June 20, 2024, Epstein acquired 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, Epstein directly owns 2,832 Restricted Stock Units (RSUs).

Sentiment

Score: 5

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

Future Outlook

The acquired Restricted Stock Units (RSUs) will vest on the earlier of June 20, 2025, or the date immediately prior to the Issuer's next regular annual stockholders meeting, subject to continued service to the Issuer.

Industry Context

Form 4 filings are standard disclosures required by the SEC for company insiders, providing transparency into their trading activities. This filing indicates transactions by a director of Okta, which is relevant to investors monitoring insider sentiment.

Stakeholder Impact

• The transactions may be of interest to shareholders as they provide insight into the actions of a company director.

Key Dates