Form 4: Okta Director Jeff Epstein Reports Stock Vesting
SEC Form 4
Director Jeff Epstein reports the vesting of restricted stock units into Class A Common Stock of Okta, Inc.
Summary
- Jeff Epstein, a director of Okta, Inc., reported a transaction involving the vesting of restricted stock units (RSUs) on May 25, 2024.
- The transaction involved 478 shares of Class A Common Stock.
- Following the transaction, Epstein directly owns 4,674 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a neutral report of a routine transaction (stock vesting). It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of previously granted equity compensation.
Stakeholder Impact
- The vesting of shares may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/25/2022 | Initial vesting date of 33-1/3% of the shares underlying the RSU. |
| 05/25/2024 | Date of the reported transaction: vesting of 478 shares of Class A Common Stock. |
| 05/29/2024 | Date of signature on the Form 4 filing. |
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