Okta Officer Brett Tighe Files Form 144 to Sell $13.31M in Common Stock
Okta, Inc.
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Filing Summary
Form 144 Notice: Okta, Inc. (NASDAQ: OKTA)
Insider: Brett Tighe (Officer) Filing Date: September 2, 2026 Proposed Sale: 80,000 shares of Common Stock Aggregate Value: $13,314,400.00 (~$166.43/share) Broker: Morgan Stanley Smith Barney LLC Trading Plan: Rule 10b5-1 (Adopted: 04/08/2026)
Comprehensive Analysis
Executive Summary
On September 2, 2026, Brett Tighe, Officer of Okta, Inc. ($OKTA), submitted a Form 144 filing declaring an intention to sell 80,000 shares of common stock with an estimated aggregate market value of $13,314,400.00 (approximately $166.43 per share).
Transaction & Plan Details
- Securities to be Sold: 80,000 Common shares (composed of 37,795 RSU shares, 954 ESPP shares, and 41,251 previously exercised option shares held via The Loomis Tighe Family Living Trust).
- Trading Plan: Executed under a pre-established Rule 10b5-1 trading plan adopted on April 8, 2026.
- Past 3 Months Activity: Brett Tighe previously sold 65,000 shares on June 8, 2026, generating gross proceeds of $7,621,287.00 under a 10b5-1 plan.
- Broker: Morgan Stanley Smith Barney LLC.
Market & Governance Impact
The proposed sale represents a sizable dollar amount ($13.31M), but represents less than 0.05% of the 167,139,757 total shares outstanding. Because the disposition is scheduled under a Rule 10b5-1 plan adopted several months prior, the market sentiment impact is classified as Medium.
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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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