Statement of Changes in Beneficial Ownership (4)
September 17 2020 - 5:12PM
Edgar (US Regulatory)
FORM 4
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
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KRAMER CHRISTOPHER K |
2. Issuer Name and Ticker or Trading Symbol
Okta, Inc.
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OKTA
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chief Accounting Officer |
(Last)
(First)
(Middle)
C/O OKTA, 100 FIRST ST, SUITE 600 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
9/15/2020 |
(Street)
SAN FRANCISCO, CA 94105
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Class A Common Stock | 9/15/2020 | | C(1) | | 2865 | A | $0.00 | 10513 (2) | D | |
Class A Common Stock | 9/15/2020 | | C(1) | | 11454 | A | $0.00 | 21967 | D | |
Class A Common Stock | 9/15/2020 | | S(3) | | 16887 | D | $195.7947 | 5080 | D | |
Class A Common Stock | 9/15/2020 | | M | | 767 | A | $0.00 | 5847 | D | |
Class A Common Stock | 9/16/2020 | | S(4) | | 386 | D | $194.3084 (5) | 5461 | D | |
Class A Common Stock | 9/15/2020 | | M | | 1121 | A | $0.00 | 6582 | D | |
Class A Common Stock | 9/16/2020 | | S(4) | | 563 | D | $194.3084 (5) | 6019 | D | |
Class A Common Stock | 9/15/2020 | | M | | 349 | A | $0.00 | 6368 | D | |
Class A Common Stock | 9/16/2020 | | S(4) | | 176 | D | $194.3084 (5) | 6192 | D | |
Class A Common Stock | 9/15/2020 | | M | | 353 | A | $0.00 | 6545 | D | |
Class A Common Stock | 9/16/2020 | | S(4) | | 178 | D | $194.3084 (5) | 6367 | D | |
Class A Common Stock | 9/15/2020 | | M | | 349 | A | $0.00 | 6716 | D | |
Class A Common Stock | 9/16/2020 | | S(4) | | 176 | D | $194.3084 (5) | 6540 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Employee Stock Option (Right to Buy) | $7.17 | 9/15/2020 | | M | | | 2865 | (6) | 8/24/2025 | Class B Common Stock | 2865 | $0.00 | 0 | D | |
Class B Common Stock | (1) | 9/15/2020 | | M | | 2865 | | (1) | (1) | Class A Common Stock | 2865 | $0.00 | 2865 | D | |
Class B Common Stock | (1) | 9/15/2020 | | C | | | 2865 | (1) | (1) | Class A Common Stock | 2865 | $0.00 | 0 | D | |
Employee Stock Option (Right to Buy) | $8.73 | 9/15/2020 | | M | | | 11454 | (6) | 6/1/2026 | Class B Common Stock | 11454 | $0.00 | 0 | D | |
Class B Common Stock | (1) | 9/15/2020 | | M | | 11454 | | (1) | (1) | Class A Common Stock | 11454 | $0.00 | 11454 | D | |
Class B Common Stock | (1) | 9/15/2020 | | C | | | 11454 | (1) | (1) | Class A Common Stock | 11454 | $0.00 | 0 | D | |
Restricted Stock Units | (7) | 9/15/2020 | | M | | | 767 | (8) | (8) | Class A Common Stock | 767 | $0.00 | 2303 | D | |
Restricted Stock Units | (7) | 9/15/2020 | | M | | | 1121 | (9) | (9) | Class A Common Stock | 1121 | $0.00 | 7853 | D | |
Restricted Stock Units | (7) | 9/15/2020 | | M | | | 349 | (10) | (10) | Class A Common Stock | 349 | $0.00 | 3849 | D | |
Restricted Stock Units | (7) | 9/15/2020 | | M | | | 353 | (11) | (11) | Class A Common Stock | 353 | $0.00 | 1056 | D | |
Restricted Stock Units | (7) | 9/15/2020 | | M | | | 349 | (12) | (12) | Class A Common Stock | 349 | $0.00 | 527 | D | |
Employee Stock Option (Right to Buy) | $9.74 | | | | | | | (13) | 1/22/2027 | Class B Common Stock | 20000 | | 20000 | D | |
Employee Stock Option (Right to Buy) | $103.69 | | | | | | | (14) | 9/18/2029 | Class A Common Stock | 3187 | | 3187 | D | |
Employee Stock Option (Right to Buy) | $142.47 | | | | | | | (15) | 4/14/2030 | Class A Common Stock | 7590 | | 7590 | D | |
Restricted Stock Units | (7) | | | | | | | (16) | (16) | Class A Common Stock | 3593 | | 3593 | D | |
Explanation of Responses: |
(1) | Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date. |
(2) | Includes 145 shares of Class A Common Stock acquired under a Section 423 Employee Stock Purchase Plan. |
(3) | This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person. |
(4) | Represents the number of shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock units. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person. |
(5) | The price reported in Column 4 is a weighted average price calculated by the broker. These shares were sold as part of a block trade in multiple transactions at prices ranging from $191.43 to $196.48, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (5) with regard to the block trade. |
(6) | The shares subject to the option are fully vested and exercisable by the Reporting Person. |
(7) | Each Restricted Stock Unit ("RSU") represents the right to receive one share of Class A Common Stock. |
(8) | 25% of the shares underlying the RSU vested on June 15, 2018, and the remaining shares underlying the RSU shall vest in 12 equal quarterly installments thereafter, subject to the Reporting Person's continuous employment with the Issuer on each such date. |
(9) | 25% of the shares underlying the RSU vested on June 15, 2019, and the remaining shares underlying the RSU shall vest in 12 equal quarterly installments thereafter, subject to the Reporting Person's continuous employment with the Issuer on each such date. |
(10) | 25% of the shares underlying the RSU vested on June 15, 2020, and the remaining shares underlying the RSU shall vest in 12 equal quarterly installments thereafter, subject to the Reporting Person's continuous employment with the Issuer on each such date. |
(11) | 25% of the shares underlying the RSU shall vest on September 15, 2020, and the remaining shares underlying the RSU shall vest in 12 equal quarterly installments thereafter, subject to the Reporting Person's continuous employment with the Issuer on each such date. |
(12) | 17% of the shares underlying the RSU vested on June 15, 2020, 33% of the shares underlying the RSU vested on September 15, 2020, 39% of the shares underlying the RSU shall vest on December 15, 2020, and the remaining 11% of the shares underlying the RSU shall vest on March 15, 2021, subject to the Reporting Person's continuous employment with the Issuer on each such date. |
(13) | The shares subject to the option shall vest in 48 equal monthly installments commencing on January 16, 2017, subject to the Reporting Person's continuous employment with the Issuer on each such date. The option is early exercisable by the Reporting Person. |
(14) | 25% of the shares subject to the option shall vest on October 1, 2020, and the remaining shares subject to the option shall vest in 36 equal monthly installments thereafter, subject to the Reporting Person's continuous employment with the Issuer on each such date. |
(15) | 25% of the shares subject to the option shall vest on February 1, 2021, and the remaining shares subject to the option shall vest in 36 equal monthly installments thereafter, subject to the Reporting Person's continuous employment with the Issuer on each such date. |
(16) | 25% of the shares underlying the RSU shall vest on March 15, 2021, and the remaining shares underlying the RSU shall vest in 12 equal quarterly installments thereafter, subject to the Reporting Person's continuous employment with the Issuer on each such date. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
KRAMER CHRISTOPHER K C/O OKTA 100 FIRST ST, SUITE 600 SAN FRANCISCO, CA 94105 |
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| Chief Accounting Officer |
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Signatures
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Larissa Schwartz, attorney-in-fact of the Reporting Person | | 9/17/2020 |
**Signature of Reporting Person | Date |
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