FORM 4
[ ] 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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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Kerrest Jacques Frederic
2. Issuer Name and Ticker or Trading Symbol

Okta, Inc. [ OKTA ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
See Remarks
(Last)          (First)          (Middle)

C/O OKTA, INC., 100 FIRST ST, SUITE 600
3. Date of Earliest Transaction (MM/DD/YYYY)

6/27/2022
(Street)

SAN FRANCISCO, CA 94105
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 6/27/2022  C(1)  100 A$0.00 100 I By Trust 
Class A Common Stock 6/27/2022  S(2)  38 D$98.3676 (3)62 I By Trust 
Class A Common Stock 6/27/2022  S(2)  47 D$99.3651 (4)15 I By Trust 
Class A Common Stock 6/27/2022  S(2)  11 D$100.2409 (5)4 I By Trust 
Class A Common Stock 6/27/2022  S(2)  4 D$100.905 (6)0 I By Trust 
Class A Common Stock 6/27/2022  C(1)  100 A$0.00 100 I By Trust 
Class A Common Stock 6/27/2022  S(2)  39 D$98.3792 (7)61 I By Trust 
Class A Common Stock 6/27/2022  S(2)  46 D$99.3691 (8)15 I By Trust 
Class A Common Stock 6/27/2022  S(2)  15 D$100.3633 (9)0 I By Trust 
Class A Common Stock 6/27/2022  C(1)  100 A$0.00 16661 D  
Class A Common Stock 6/27/2022  S(2)  22 D$98.1818 (10)16639 D  
Class A Common Stock 6/27/2022  S(2)  52 D$99.0838 (11)16587 D  
Class A Common Stock 6/27/2022  S(2)  20 D$99.90 (12)16567 D  
Class A Common Stock 6/27/2022  S(2)  6 D$100.8717 (13)16561 D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. 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 Date7. 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Class B Common Stock  (1)6/27/2022  C (1)    100   (1) (1)Class A Common Stock 100 $0.00 86376 I By Trust 
Class B Common Stock  (1)6/27/2022  C (1)    100   (1) (1)Class A Common Stock 100 $0.00 257668 I By Trust 
Employee Stock Option (Right to Buy) $7.17 6/27/2022  M     100   (14)8/27/2025 Class B Common Stock 100 $0.00 235953 D  
Class B Common Stock  (1)6/27/2022  M   100     (1) (1)Class A Common Stock 100 $0.00 100 D  
Class B Common Stock  (1)6/27/2022  C (1)    100   (1) (1)Class A Common Stock 100 $0.00 0 D  
Restricted Stock Units  (15)           (16) (16)Class A Common Stock 6174  6174 D  
Restricted Stock Units  (15)           (17) (17)Class A Common Stock 12948  12948 D  
Restricted Stock Units  (15)           (18) (18)Class A Common Stock 9267  9267 D  
Class B Common Stock  (1)           (1) (1)Class A Common Stock 1183510  1183510 I By Trust 
Employee Stock Option (Right to Buy) $1.40            (14)8/29/2023 Class B Common Stock 3572  3572 D  
Employee Stock Option (Right to Buy) $3.11            (14)8/26/2024 Class B Common Stock 42812  42812 D  
Employee Stock Option (Right to Buy) $8.97            (14)7/29/2026 Class B Common Stock 988852  988852 D  
Employee Stock Option (Right to Buy) $39.21            (14)3/21/2028 Class A Common Stock 114000  114000 D  
Employee Stock Option (Right to Buy) $82.16            (19)3/24/2029 Class A Common Stock 71547  71547 D  
Employee Stock Option (Right to Buy) $142.47            (20)4/14/2030 Class A Common Stock 62511  62511 D  
Employee Stock Option (Right to Buy) $274.96            (21)4/21/2031 Class A Common Stock 31834  31834 D  
Employee Stock Option (Right to Buy) $274.96            (21)4/21/2031 Class A Common Stock 63667  63667 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) This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.
(3) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $97.82 to $98.79 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to 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.
(4) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $98.84 to $99.82 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to 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) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $99.87 to $100.65 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to 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.
(6) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $100.89 to $100.92 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to 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.
(7) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $97.84 to $98.78 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to 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.
(8) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $98.91 to $99.87 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to 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.
(9) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $99.93 to $100.89 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to 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.
(10) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $97.55 to $98.53 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to 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.
(11) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $98.55 to $99.52 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to 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.
(12) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $99.55 to $100.36 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to 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.
(13) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $100.61 to $101.00 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to 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.
(14) The shares subject to the option are fully vested and exercisable by the Reporting Person.
(15) Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A Common Stock.
(16) 25% of the shares underlying the RSU vested on March 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.
(17) 25% of the shares underlying the RSU vested 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.
(18) 25% of the shares underlying the RSU vested on March 15, 2022, 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.
(19) 25% of the shares subject to the option vested on February 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 through each vesting date.
(20) 25% of the shares subject to the option vested 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 through each vesting date.
(21) 25% of the shares subject to the option vested on February 1, 2022 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 through each vesting date.

Remarks:
Executive Vice Chairperson of the Board and Chief Operating Officer

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Kerrest Jacques Frederic
C/O OKTA, INC.
100 FIRST ST, SUITE 600
SAN FRANCISCO, CA 94105
X
See Remarks

Signatures
/s/ Larissa Schwartz, attorney-in-fact of the Reporting Person6/29/2022
**Signature of Reporting PersonDate


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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