Okta CEO Todd McKinnon Files Form 144 to Sell $9.34M in Stock

Executive Summary

On September 22, 2026, Okta, Inc. CEO and Director Todd McKinnon filed a Form 144 notice disclosing the proposed sale of 48,822 shares of Class A Common Stock, with an estimated aggregate market value of approximately $9.34 million. The transaction is being executed through J.P. Morgan Securities LLC under a pre-established Rule 10b5-1 trading plan.

Transaction Details

• Insider: Todd McKinnon (Director & Chief Executive Officer)
• Shares Proposed to be Sold: 48,822 Class A Common shares
• Estimated Aggregate Market Value: $9,341,113.26 (~$191.33 per share)
• Shares Outstanding: 167,139,757 (the sale represents ~0.03% of shares outstanding)
• Source of Shares:
  • 38,484 shares acquired via PSU vesting on March 15, 2026
  • 10,338 shares acquired via RSU vesting on September 15, 2026
• Trading Plan: Pre-scheduled under a Rule 10b5-1 trading plan adopted on April 8, 2026.

Prior Sales Context

Within the past three months, McKinnon reported selling 68,936 shares on July 8, 2026, for gross proceeds of approximately $10.11 million.

Market & Trading Assessment

While the total dollar value ($9.34M) is significant, the market impact is mitigated by the fact that the transaction is conducted under a pre-arranged Rule 10b5-1 plan adopted more than five months prior, and represents shares acquired through standard executive equity vesting programs.