Okta Chief Accounting Officer Sells Over $3.19M in Class A Common Stock Under 10b5-1 Plan

Executive Summary

On October 9, 2026, Shibu Ninan, Chief Accounting Officer of Okta, Inc. ($OKTA), reported the open-market sale of 14,677 shares of Class A Common Stock across multiple tranches on October 7 and October 8, 2026. The sales generated aggregate gross proceeds of approximately $3,196,603 at a volume-weighted average price of roughly $217.80 per share.

Transaction Breakdown

• October 7, 2026:
  • 2,700 shares sold at a weighted average price of $216.3547 ($215.78 to $216.71)
  • 7,875 shares sold at a weighted average price of $217.6240 ($217.04 to $218.03)
  • 2,100 shares sold at a weighted average price of $218.1982 ($218.06 to $218.81)
• October 8, 2026:
  • 2,002 shares sold at $220.00

Trading Plan & Holdings Context

• Pre-Arranged 10b5-1 Plan: Footnotes indicate these transactions were executed pursuant to a Rule 10b5-1 trading plan adopted by Mr. Ninan on July 8, 2026.
• Direct Ownership Impact: Following the transactions, Mr. Ninan directly holds 11,071 shares of Class A Common Stock, reduced from 25,748 shares prior to the sales.
• Derivative Holdings: The reporting person continues to hold 17,276 unvested restricted stock units (RSUs) across three award grants vesting quarterly through their respective schedules.

Market & Significance Assessment

Because the sales were conducted pursuant to a pre-established Rule 10b5-1 plan established roughly three months prior, they represent scheduled programmatic selling rather than opportunistic market timing. However, given that the sale liquidated more than half of the insider's directly held common stock and generated over $3.19 million, the overall significance is considered Medium.