Form 4: Okta Director Rebecca Saeger Reports Stock Transactions

Director Rebecca Saeger reports the vesting and acquisition of Okta Class A Common Stock and Restricted Stock Units.

Summary

• On June 19, 2024, Director Rebecca Saeger vested 2,818 shares of Class A Common Stock.
• These shares were acquired at a price of $0.
• Following this transaction, Saeger directly owns 13,190 shares of Class A Common Stock.
• On June 20, 2024, Saeger 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.
• Each RSU represents the right to receive one share of Okta's Class A Common Stock.
• Following this transaction, Saeger directly owns 2,832 RSUs.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects routine transactions related to director compensation and alignment with company performance.

Positives

• The vesting of RSUs indicates continued alignment of the director's interests with those of the shareholders.
• The acquisition of additional RSUs suggests ongoing confidence in the company's future performance.

Future Outlook

The RSUs vest in full on the earlier of June 20, 2025 or the date immediately prior to the Issuer's next regular annual stockholders meeting, subject to the Reporting Person's continued service to the Issuer through such vesting date.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and potential alignment with shareholder interests.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding director's holdings and alignment with company performance.

Key Dates