Losch William E Form 4 Okta / William E Losch ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Losch William E

(Last) (First) (Middle)

C/O OKTA, INC.

301 BRANNAN STREET

(Street)

SAN FRANCISCO CA 94107

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Okta, Inc. [ OKTA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
11/21/2017

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	11/21/2017		C(1)		6,900	A	$0.00	6,900	D
Class A Common Stock	11/21/2017		C(1)		2,400	A	$0.00	9,300	D
Class A Common Stock	11/21/2017		S(2)		9,300	D	$30	0	D
Class A Common Stock	11/22/2017		C(1)		4,500	A	$0.00	4,500	D
Class A Common Stock	11/22/2017		S(2)		4,500	D	$30.0013(3)	0	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (Right to Buy)	$7.17	11/21/2017		M			2,400	(4)	08/27/2025	Class B Common Stock	2,400	$0.00	145,200	D
Employee Stock Option (Right to Buy)	$8.97	11/21/2017		M			6,900	(5)	07/29/2026	Class B Common Stock	6,900	$0.00	342,900	D
Class B Common Stock	(1)	11/21/2017		M		9,300		(1)	(1)	Class A Common Stock	9,300	$0.00	9,300	D
Class B Common Stock	(1)	11/21/2017		C(1)			9,300	(1)	(1)	Class A Common Stock	9,300	$0.00	0	D
Employee Stock Option (Right to Buy)	$8.97	11/22/2017		M			4,500	(5)	07/29/2026	Class B Common Stock	4,500	$0.00	338,400	D
Class B Common Stock	(1)	11/22/2017		M		4,500		(1)	(1)	Class A Common Stock	4,500	$0.00	4,500	D
Class B Common Stock	(1)	11/22/2017		C(1)			4,500	(1)	(1)	Class A Common Stock	4,500	$0.00	0	D
Employee Stock Option (Right to Buy)	$1.4							(6)	08/29/2023	Class B Common Stock	337,020		337,020	D
Class B Common Stock	(1)							(1)	(1)	Class A Common Stock	361,422		361,422	I	By Trust

Explanation of Responses:

1. Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date.

2. This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.

3. The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.00 to $30.02 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

4. The shares subject to the option shall vest in 48 equal monthly installments commencing on August 1, 2015, subject to the Reporting Person's continued employment with the Issuer through each vesting date. The option is early exercisable by the Reporting Person.

5. 20% of the shares subject to the option vested on July 29, 2017, 20% of the shares subject to the option shall vest on July 29, 2018, and the remaining shares subject to the option shall vest in 36 equal monthly installments thereafter, subject to the Reporting Person's continuous employment with the Issuer on each such date. The option is early exercisable by the Reporting Person.

6. 25% of the shares subject to the option vested on June 24, 2014, and the remaining shares subject to the option shall vest in 36 equal monthly installments thereafter, subject to the Reporting Person's continuous employment with the Issuer on each such date. The option is early exercisable by the Reporting Person.

Remarks:

	/s/ Larissa Schwartz, attorney-in-fact of the Reporting Person	11/24/2017
	** Signature of Reporting Person	Date
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