Form 4: Okta's Chief Accounting Officer, Shibu Ninan, Reports Stock Transactions

Shibu Ninan, Okta's Chief Accounting Officer, reports the acquisition and disposal of Class A Common Stock and Restricted Stock Units on March 15, 2024.

Summary

• On March 15, 2024, Shibu Ninan, the Chief Accounting Officer of Okta, Inc., reported transactions involving Okta's Class A Common Stock and Restricted Stock Units (RSUs).
• Ninan disposed of 555 shares of Class A Common Stock to cover tax obligations. The price per share was not specified.
• Ninan acquired 2,196 shares of Class A Common Stock through the vesting of Restricted Stock Units (RSUs).
• Ninan disposed of 1,158 shares of Class A Common Stock to cover tax obligations. The price per share was not specified.
• Ninan acquired 555 shares of Class A Common Stock through the vesting of Restricted Stock Units (RSUs).
• Ninan disposed of 282 shares of Class A Common Stock to cover tax obligations. The price per share was not specified.
• Following these transactions, Ninan directly owns 8,390 shares of Class A Common Stock and 4,446 Restricted Stock Units.

Sentiment

Score: 5

Explanation: This is a neutral report on insider trading activity, with no indication of positive or negative sentiment.

Industry Context

This is a routine disclosure of insider transactions, which are common for executives of publicly traded companies like Okta. These filings are required by the SEC to ensure transparency and prevent insider trading.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they represent routine insider activity.

Key Dates