Okta CFO Brett Tighe Sells $12.9M in Class A Common Stock Under 10b5-1 Plan
Okta, Inc.
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Filing Summary
📊 Insider Sale Alert: Okta, Inc. ($OKTA)
Insider: Brett Tighe (Chief Financial Officer)
Transaction Date: September 2, 2026
Action: Sold 80,000 shares of Class A Common Stock
Total Value: $12,877,469 ($160.97/share weighted avg)
Ownership Remaining: 82,046 direct shares (+ 7,693 indirect shares & 27,795 Class B shares)
Plan: Pre-scheduled under Rule 10b5-1 plan adopted April 8, 2026.
Comprehensive Analysis
Insider Transaction Overview
On September 2, 2026, Brett Tighe, Chief Financial Officer of Okta, Inc. ($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.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
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