Form 4: Okta's Chief Legal Officer Larissa Schwartz Sells Shares Under 10b5-1 Plan

Larissa Schwartz, Okta's Chief Legal Officer, executed multiple sales of Class A Common Stock on March 19, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Larissa Schwartz, Chief Legal Officer of Okta, Inc., sold shares of Class A Common Stock on March 19, 2025.
• The sales were executed under a Rule 10b5-1 trading plan adopted on September 30, 2024.
• A total of 11,552 shares were sold in multiple transactions at weighted average prices of $113.5739, $114.2779, and $115.1575.
• Following the reported transactions, Schwartz directly owns 22,125 shares of Class A Common Stock.
• Schwartz also holds restricted stock units (RSUs) representing the right to receive shares of Class A Common Stock, as well as options to purchase Class B Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard Form 4 filing, indicating routine insider trading activity under a pre-arranged plan. It doesn't inherently suggest positive or negative sentiment.

Industry Context

Insider sales are a common occurrence, and the use of a 10b5-1 plan suggests the sales were pre-planned and not based on any specific non-public information.

Stakeholder Impact

• The stock sales by an executive could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates

Keywords

Okta, insider trading, Form 4, Larissa Schwartz, Rule 10b5-1, stock sale, Chief Legal Officer, OKTA