Form 4: Okta Officer Larissa Schwartz Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Larissa Schwartz, Chief Legal Officer and Secretary at Okta, Inc., filed a Form 4 detailing transactions involving Class A Common Stock and Restricted Stock Units on March 15, 2024.
Summary
- On March 15, 2024, Larissa Schwartz, Chief Legal Officer and Secretary of Okta, Inc., reported changes in beneficial ownership of Okta's securities.
- The transactions involved the acquisition and disposition of Class A Common Stock and the exercising of Restricted Stock Units (RSUs).
- Schwartz acquired shares through the vesting of RSUs and disposed of shares to cover tax obligations.
- Following these transactions, Schwartz directly owns 29,027 shares of Class A Common Stock.
- She also holds derivative securities including options to purchase 28,167 shares of Class B Common Stock and 35,563 Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a routine filing; the sentiment is neutral as it simply reports transactions.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which is important for investors to gauge management's perspective on the company's stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
- It helps stakeholders understand the equity ownership structure of the company.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of earliest transaction and multiple transactions involving Class A Common Stock and Restricted Stock Units. |
| 12/16/2025 | Employee Stock Option (Right to Buy) $ 8.62 (8) 12/16/2025 Class B Common Stock 14,167 |
| 06/01/2026 | Employee Stock Option (Right to Buy) $ 8.73 (8) 06/01/2026 Class B Common Stock 9,000 |
| 03/05/2027 | Employee Stock Option (Right to Buy) $ 11.36 (8) 03/05/2027 Class B Common Stock 5,000 |
| 03/19/2024 | Date of signature for the Form 4 filing. |
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