Okta Officer Larissa Schwartz Files Form 144 to Sell $5.13M in Common Stock
Okta, Inc.
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Filing Summary
Form 144 Filing Notice: Okta, Inc. (OKTA) • Insider: Larissa Schwartz (Officer) • Proposed Sale: 24,542 shares (~$5,131,978) • Approx. Price: ~$209.11/share • Execution Method: Rule 10b5-1 Trading Plan (Adopted: 07/01/2026) • Broker: Morgan Stanley Smith Barney LLC
Comprehensive Analysis
Insider Filing Analysis: Form 144 Notice of Proposed Sale
Okta, Inc. (NASDAQ: OKTA) reported a Form 144 notice filed by Officer Larissa Schwartz on October 1, 2026.
Key Details:
- Proposed Sale Volume: 24,542 shares of Common Stock.
- Aggregate Market Value: $5,131,977.62 (~$209.11 per share).
- Shares Outstanding: 167,139,757 shares (the planned sale constitutes ~0.015% of outstanding common shares).
- Acquisition Origin: Shares were acquired via Restricted Stock Unit (RSU) vestings between June 20, 2018, and June 15, 2026.
- Trading Plan: The planned sale is governed by a pre-established Rule 10b5-1 trading plan adopted on July 1, 2026.
- Recent Past Sales: On September 18, 2026, the filer executed sales of 2,462 shares generating $452,671.69 under a 10b5-1 plan.
Market & Trading Assessment:
- Significance: Medium. The proposed transaction value of $5.13M is sizable, but executed systematically under a pre-arranged Rule 10b5-1 trading schedule following an RSU vesting history over several years.
- Dilution / Liquidity Impact: Negligible against the 167M shares outstanding.
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