Okta CFO Brett Tighe Sells $12.9M in Class A Common Stock Under 10b5-1 Plan

Insider Transaction Overview

On September 2, 2026, Brett Tighe, Chief Financial Officer of Okta, Inc. ($OKTA), executed a series of open-market sales totaling 80,000 shares of Class A Common Stock for gross proceeds of approximately $12.88 million.

Key Transaction Details

• Direct Dispositions: 38,749 shares sold at weighted average prices ranging from $158.51 to $160.28 per share, generating ~$6.18 million.
• Indirect Dispositions (By Trust): 41,251 shares sold following the conversion of 41,251 Class B shares to Class A shares, at weighted average prices ranging from $161.05 to $167.09 per share, generating ~$6.70 million.
• Rule 10b5-1 Plan: All sales were executed pursuant to a pre-established Rule 10b5-1 trading plan adopted on April 8, 2026.

Post-Transaction Holdings

• Direct Ownership: 82,046 shares of Class A Common Stock (includes 275 shares acquired via ESPP), plus unvested RSUs totaling 87,068 units.
• Indirect Ownership (Trust): 7,693 shares of Class A Common Stock and 27,795 shares of Class B Common Stock.

Significance

While the transaction size is substantial (~$12.9M), the execution under a pre-arranged Rule 10b5-1 plan limits its predictive value as an ad-hoc sentiment indicator.