Form 4: Okta's Chief Revenue Officer, Jonathan James Addison, Reports Changes in Beneficial Ownership
SEC Filing
Jonathan James Addison, Chief Revenue Officer of Okta, Inc., filed a Form 4 disclosing the acquisition of restricted stock units.
Summary
- On April 1, 2025, Jonathan James Addison, the Chief Revenue Officer of Okta, Inc., filed a Form 4 with the SEC.
- The filing reports changes in beneficial ownership of Okta's securities.
- Addison acquired 36,959 restricted stock units (RSUs) on March 30, 2025.
- These RSUs represent the right to receive one share of Okta's Class A Common Stock per unit.
- The RSUs vest over time, subject to Addison's continued employment with Okta.
- Addison directly owns 26,072 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Positives
- The acquisition of RSUs aligns the executive's interests with those of the shareholders.
- The vesting schedule encourages long-term commitment from the Chief Revenue Officer.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- Shareholders are informed about changes in ownership by company executives.
Key Dates
| Date | Description |
|---|---|
| December 15, 2022 | 25% of shares underlying certain RSUs vested. |
| June 15, 2022 | 6.25% of shares underlying certain RSUs vested. |
| June 15, 2023 | 8.33% of shares underlying certain RSUs vested. |
| March 15, 2024 | 8.33% of shares underlying certain RSUs vested. |
| June 15, 2024 | 8.33% of shares underlying certain RSUs vested. |
| March 30, 2025 | Date of the reported transaction where 36,959 RSUs were acquired. |
| June 15, 2025 | 8.33% of shares underlying certain RSUs shall vest. |
| April 01, 2025 | Date of the Form 4 filing. |
Keywords
Form 4, Okta, Addison, Restricted Stock Units, Beneficial Ownership, Securities, Officer
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