Form 4: Okta's Chief Legal Officer Reports Changes in Beneficial Ownership

Larissa Schwartz, Okta's Chief Legal Officer and Corporate Secretary, reported multiple transactions involving Class A Common Stock and Restricted Stock Units on March 15, 2025.

Summary

• On March 15, 2025, Larissa Schwartz, Okta's Chief Legal Officer and Corporate Secretary, reported changes in her beneficial ownership of Okta, Inc. securities.
• The transactions involved the acquisition and disposition of Class A Common Stock and the exercise of Restricted Stock Units (RSUs).
• Multiple transactions were reported involving the disposition of shares to cover tax obligations related to the vesting of RSUs.
• The reporting person also acquired shares through the exercise of RSUs.
• Following the reported transactions, Schwartz directly owns 33,677 shares of Class A Common Stock.
• She also holds 15,494 Restricted Stock Units and options to purchase 14,000 shares of Class B Common Stock.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing, so the sentiment is neutral. It reflects standard transactions related to executive compensation and stock ownership.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates the executive's ongoing investment in the company.

Stakeholder Impact

• The transactions reported may have a minor impact on shareholders due to the change in ownership by a key executive.
• Employees holding similar equity compensation may be interested in the vesting schedules and tax implications.

Key Dates