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Okta COO Eric Robert Kelleher Sells $1.17M in Class A Common Stock Under 10b5-1 Plan

Low SignificanceSeptember 22, 2026 at 9:33:09 PM UTC

Okta, Inc.

$OKTA4CIK: 0001660134

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Filing Summary

OKTA | Insider Transaction Update
Insider: Eric Robert Kelleher (President & COO)
Transaction: Sale of 6,395 shares @ ~$183.58 avg ($1.17M)
Date: 2026-09-18
Post-Holdings: 18,668 shares (Direct)
Note: Executed under Rule 10b5-1 trading plan adopted on June 12, 2026.

Comprehensive Analysis

Executive Summary

On September 18, 2026, Eric Robert Kelleher, President and Chief Operating Officer of Okta, Inc. ($OKTA), executed sales totaling 6,395 shares of Class A Common Stock across multiple price tranches, generating gross proceeds of approximately $1.17 million. Following these transactions, Kelleher directly retains 18,668 shares of Class A Common Stock.

Transaction Breakdown

The transactions were executed in six distinct tranches at weighted average prices ranging from $182.23 to $188.56:

  • 1,495 shares sold at a weighted average price of $182.2338 ($181.70 - $182.63)
  • 3,244 shares sold at a weighted average price of $183.3684 ($182.88 - $183.87)
  • 956 shares sold at a weighted average price of $184.2617 ($183.90 - $184.89)
  • 300 shares sold at a weighted average price of $185.6467 ($185.34 - $186.22)
  • 300 shares sold at a weighted average price of $186.6967 ($186.45 - $187.15)
  • 100 shares sold at $188.56

Plan and Holdings Context

  • Rule 10b5-1 Plan: The sales were conducted pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on June 12, 2026.
  • Remaining Exposure: In addition to the remaining 18,668 shares of common stock held directly, Kelleher retains substantial equity-linked positions, including 102,948 unvested or vesting Restricted Stock Units (RSUs) and 22,334 vested stock options exercisable at strike prices between $211.86 and $274.96.
  • Significance Assessment: Due to the automated nature of Rule 10b5-1 plans and the executive's significant remaining equity interests, the market signaling effect of this filing is assessed as Low.
Topics:#OKTA#Okta#Form4#InsiderTrading#StockMarket

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