Okta CEO Todd McKinnon Exercises RSUs and Covers Taxes with Shares Withheld

Overview & Significance

On September 17, 2026, Todd McKinnon, Chief Executive Officer and Director of Okta, Inc. ($OKTA), reported Form 4 transactions executed on September 15, 2026. The filings represent routine equity vesting activities consisting of Restricted Stock Unit (RSU) conversions and standard share withholdings for tax obligations.

Because these transactions consist solely of RSU conversions (Code M) and statutory tax withholdings (Code F) with no discretionary open-market sales or purchases, the trading significance is rated as Low.

Transaction Details

• Non-Derivative Transactions (Class A Common Stock):
  • RSU Settlements (Code M):
    • Acquired 5,035 shares at $0.00.
    • Acquired 7,392 shares at $0.00.
    • Acquired 8,622 shares at $0.00.
    • Total Acquired: 21,049 shares.
  • Tax Withholdings (Code F):
    • Disposed of 2,562 shares at $0.00.
    • Disposed of 3,762 shares at $0.00.
    • Disposed of 4,387 shares at $0.00.
    • Total Withheld: 10,711 shares.
• Net Change: Direct net addition of 10,338 Class A Common shares.

Holdings Post-Transaction

• Class A Common Stock (Direct): 48,822 shares.
• Class B Common Stock (Indirect - By Trust): 6,512,134 shares (convertible 1-for-1 into Class A Common Stock).
• Remaining RSUs (Direct): 140,641 unvested units.
• Stock Options (Direct): 271,624 fully vested options to purchase Class A Common Stock across various strike prices ($82.16 to $274.96).