Form 4: Okta Director Robert L. Dixon Jr. Reports Stock Transactions

Director Robert L. Dixon Jr. reported the acquisition and vesting of Okta Class A Common Stock and Restricted Stock Units.

Summary

• On June 19, 2024, Director Robert L. Dixon Jr. acquired 2,818 shares of Okta's Class A Common Stock at $0.
• These shares were obtained through the vesting of Restricted Stock Units (RSUs).
• Following this transaction, Dixon directly owns 8,637 shares of Class A Common Stock.
• Additionally, on June 20, 2024, Dixon 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.
• After this transaction, Dixon directly owns 2,832 Restricted Stock Units.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to stock transactions by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Positives

• The vesting of RSUs indicates that the director has met certain performance or time-based criteria set by the company.

Future Outlook

The RSUs acquired on June 20, 2024, 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.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies like Okta. It provides transparency to investors regarding the holdings and transactions of company insiders.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding the director's stake in the company.
• The vesting of RSUs aligns the director's interests with those of the shareholders.

Key Dates