Form 4: Okta's Chief Revenue Officer, Jonathan James Addison, Reports Changes in Beneficial Ownership

Jonathan James Addison, Okta's Chief Revenue Officer, reports transactions involving Class A Common Stock and Restricted Stock Units on March 15, 2025, resulting in adjustments to his beneficial ownership.

Summary

• On March 15, 2025, Jonathan James Addison, the Chief Revenue Officer of Okta, Inc., reported changes in his beneficial ownership of Okta's Class A Common Stock and Restricted Stock Units (RSUs).
• The transactions included the disposition of shares to cover tax obligations and the acquisition of shares through the vesting of RSUs.
• Following these transactions, Addison's direct ownership includes 26,072 shares of Class A Common Stock and various amounts of underlying shares in unexercised Restricted Stock Units.
• The RSUs vest in quarterly installments, contingent upon Addison's continued employment with Okta.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing, so the sentiment is neutral. It reflects insider transactions related to compensation and tax obligations.

Future Outlook

The reporting person's holdings of Class A Common Stock and RSUs will continue to change as RSUs vest over time, subject to continued employment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their alignment with shareholder interests.

Stakeholder Impact

• The transactions reported may have a minor impact on shareholders due to the change in insider ownership.
• Employees holding RSUs are impacted as their awards vest over time, contingent on continued employment.

Key Dates