Okta Director Jacques Frederic Kerrest Reports Charitable Gift of 6,000 Shares
Okta, Inc.
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Filing Summary
# Insider Transaction Report - Okta, Inc. (OKTA)
**Insider:** Kerrest Jacques Frederic
**Role:** Director
**Transaction Type:** Gift (Disposed)
**Security:** Class A Common Stock
**Shares Transacted:** 6,000
**Price per Share:** $0.00
**Total Value:** $0.00
**Transaction Date:** September 9, 2026
**Ownership Nature:** Indirect (By Trust)
**Post-Transaction Holdings:** 0 indirect Class A shares (7,123 direct Class A shares remain)
Comprehensive Analysis
Insider Filing Overview
On September 9, 2026, Jacques Frederic Kerrest, a member of the Board of Directors of Okta, Inc. (NASDAQ: OKTA), reported the disposition of 6,000 shares of Class A Common Stock as a bona fide charitable gift.
Transaction Details
- Conversion (2026-09-04):
- 6,000 shares of Class B Common Stock held in trust were converted into 6,000 shares of Class A Common Stock on a 1-for-1 basis (Transaction Code
C).
- 6,000 shares of Class B Common Stock held in trust were converted into 6,000 shares of Class A Common Stock on a 1-for-1 basis (Transaction Code
- Charitable Gift (2026-09-09):
- The 6,000 shares of Class A Common Stock were gifted (Transaction Code
G) to the American Endowment Foundation FBO Kerrest Johnson Family Charitable Fund, a donor-advised fund.
- The 6,000 shares of Class A Common Stock were gifted (Transaction Code
Holdings Summary
- Class A Common Stock: 7,123 shares held directly; 0 shares held indirectly following the gift.
- Class B Common Stock:
- 805,687 shares held indirectly by Trust.
- Additional trusts hold 114,276 and 157,668 Class B shares, respectively.
- Derivative Holdings: Various stock options and RSUs remain active under direct ownership.
Market Impact & Trading Significance
This filing reflects a standard philanthropic donation to a donor-advised fund rather than an open-market sale or purchase. Consequently, the transaction carries Low trading significance and provides no signal regarding insider sentiment on company valuation.
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