Okta Officer Schedules Sale of $113K in Stock via 10b5-1 Plan
Okta, Inc.
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Filing Summary
Okta Officer Schedules Sale of $113K in Stock via 10b5-1 Plan
Company: Okta, Inc. (OKTA) Form: 144 | Filed: 2025-11-12 Significance: Low
Insider: LARISSA N SCHWARTZ Title: Officer | Relationship: Officer
Transaction: • Type: Proposed Sale • Shares: 1,318 • Value: $112,998.73 • Price: ~$85.73
Key Insight: This is a notice of a minor, pre-planned sale under a 10b5-1 plan. The transaction value is negligible (<0.001%) compared to Okta's $15.02B market cap, indicating it is likely for personal financial management rather than a change in outlook.
This is PUBLIC SEC data for educational purposes. Not investment advice.
Comprehensive Analysis
SEC Filing Analysis: Okta, Inc. (OKTA)
Executive Summary
- Trading Significance: Low
- Key Takeaway: An Okta officer has filed a notice of a proposed sale of common stock valued at approximately $113K, executed under a pre-arranged 10b5-1 trading plan.
- Market Impact: The transaction is immaterial and is not expected to have any impact on the stock price due to its small size and pre-planned nature.
Company Information
| Field | Value |
|---|---|
| Company | Okta, Inc. |
| Ticker Symbol | OKTA |
| CIK | 0001660134 |
| Industry | SERVICES-PREPACKAGED SOFTWARE |
Insider Information
| Field | Value |
|---|---|
| Name | LARISSA N SCHWARTZ |
| CIK | 0001968125 |
| Title/Position | Officer |
| Relationship | Officer |
Transaction Details
| Field | Value |
|---|---|
| Form Type | 144 |
| Transaction Date | 2025-11-11 |
| Transaction Code | S (Sale) |
| Security Type | Common Stock |
| Shares Involved | 1,318 |
| Price Per Share | ~$85.73 |
| Total Value | $112,998.73 |
| Shares Owned After | Not specified |
| Ownership Type | Not specified |
Financial Impact Assessment
Transaction Materiality
| Metric | Value |
|---|---|
| Transaction Value | $112,998.73 |
| % of Market Cap | 0.00075% |
| Shares Transacted | 1,318 |
| % of Shares Outstanding | 0.00079% |
| Materiality Assessment | Low |
Impact Evaluation
- Market Cap Context: The transaction value of ~$113K is negligible for a large-cap company with a market capitalization of $15.02 billion.
- Transaction Significance: The sale represents a tiny fraction of both the company's market value and its total shares outstanding, confirming its low significance. Such sales are routine for executives at large public companies.
Market Impact Analysis
Stock Impact Prediction
- Direction: Neutral
- Reasoning: The transaction is extremely small relative to the company's market cap and was conducted under a 10b5-1 plan, which removes any implication of the insider trading on new non-public information.
Volume & Sentiment
- Expected Volume Impact: None. The number of shares is insignificant compared to the stock's typical daily trading volume.
- Sentiment Indicator: Neutral. This is a routine, pre-scheduled sale with no bearing on investor sentiment.
Additional Context
Special Circumstances
- The filing indicates this sale is part of a 10b5-1 trading plan adopted on July 3, 2025. This shows the transaction was pre-scheduled and not based on immediate market conditions or internal company developments.
- The securities sold were acquired through the vesting of Restricted Stock Units (RSUs).
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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.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.