Okta Officer Shibu Ninan Files Form 144 to Sell $3.21M in Common Stock
Okta, Inc.
Subscribe to track OKTA
Premium users can add ticker alerts and receive realtime notification updates.
Filing Summary
Form 144 Notice of Proposed Sale — Okta, Inc. ($OKTA)
Insider: Shibu Ninan (Officer) Proposed Sale Date: October 7, 2026 Shares Proposed for Sale: 14,677 Common Shares Estimated Value: $3,209,419.59 (~$218.67/share) Broker: Morgan Stanley Smith Barney LLC Trading Plan: Rule 10b5-1 adopted on July 8, 2026
Comprehensive Analysis
Overview
On October 7, 2026, Okta officer Shibu Ninan filed a Form 144 notice disclosing the intended sale of up to 14,677 shares of Okta, Inc. common stock through Morgan Stanley Smith Barney LLC. The aggregate market value of the proposed transaction is approximately $3,209,419.59, implying an average price per share of roughly $218.67.
Transaction & Acquisition Details
The 14,677 shares scheduled for sale were acquired through equity compensation awards:
- 12,542 shares acquired via Restricted Stock Units (RSUs) vesting between June 15, 2023, and December 15, 2025.
- 2,013 shares acquired via Performance Stock Units (PSUs) vesting between March 15, 2024, and March 15, 2025.
- 122 shares acquired via the Employee Stock Purchase Plan (ESPP) on December 20, 2024.
Trading Plan
The proposed sale is executed pursuant to a pre-arranged Rule 10b5-1 trading plan established on July 8, 2026, satisfying the required cooling-off period prior to execution.
Market Impact & Significance
With 167,139,757 shares outstanding, the 14,677 shares represent less than 0.01% of Okta's total outstanding equity. Given the pre-scheduled Rule 10b5-1 framework and routine equity compensation monetization, the filing is classified as having Medium significance.
Get Real-Time Alerts
Join our community to receive instant notifications when high-significance filings are published
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.