Form 4: Okta Legal Officer Reports Routine Stock Vesting

Okta's Chief Legal Officer, Larissa Schwartz, reported the vesting of Restricted Stock Units and subsequent tax-related share dispositions on September 15, 2025.

Summary

• Larissa Schwartz, Okta's Chief Legal Officer and Corporate Secretary, reported multiple transactions on September 15, 2025.
• Acquired a total of 9,886 shares of Class A Common Stock through the vesting of Restricted Stock Units (RSUs).
• Disposed of 5,023 shares of Class A Common Stock to cover tax withholding obligations related to the RSU vesting.
• Following these transactions, Schwartz directly beneficially owns 42,503 shares of Class A Common Stock.
• Additionally, Schwartz holds remaining unvested Restricted Stock Units totaling 51,844 shares from various grants, subject to continuous employment.

Sentiment

Score: 5

Explanation: The filing reports routine, scheduled equity compensation events (RSU vesting and associated tax withholding) for an executive, which is neutral in terms of company-specific sentiment and does not indicate any unusual positive or negative developments.

Positives

• The executive received 9,886 shares of Class A Common Stock through RSU vesting, increasing direct beneficial ownership.
• Continued vesting of RSUs indicates ongoing equity compensation for the Chief Legal Officer, aligning executive incentives with shareholder interests.

Negatives

• 5,023 shares were disposed of to cover tax liabilities, which is a standard practice for RSU vesting and reduces the net shares received by the executive.

Stakeholder Impact

• Shareholders: Minimal direct impact as these are routine compensation events and do not reflect a change in company strategy or performance.
• Employees: Reflects standard executive equity compensation practices, which are common in the technology industry to attract and retain talent.

Next Steps

• Remaining unvested RSUs will continue to vest in quarterly installments according to their respective schedules, subject to the Reporting Person's continuous employment with Okta.

Key Dates

Keywords

Okta, OKTA, Larissa Schwartz, Form 4, insider transaction, RSU vesting, equity compensation, Chief Legal Officer, corporate secretary, stock ownership