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Okta, Inc. [OKTA]

Reporting date: 10/08/2025

⚠️ Neutral Insider Sale Detected

📝 What Happened

  • Insider: Schwartz Larissa
  • Role: Chief Legal Officer & Corporate Secretary (Officer)
  • Company: Okta, Inc. (OKTA)
  • Transaction Date(s): 2025-10-08
  • Table I (Non-Derivative Securities)
    • Sale : 1,318
    • Average Sale Price: $91.65
    • Total Value: $120,794.70
    • Post-Transaction Direct Holdings: 37,837
    • Indirect Holdings: None reported
    • 10b5-1 Plan Used? Yes

📄 Summary

Schwartz Larissa, Chief Legal Officer & Corporate Secretary at Okta, Inc. (OKTA), sold 1,318 shares on October 8, 2025, at an average price of $91.65, realizing proceeds of about ~$120,794.70. After the transaction, she now holds 37,837 direct shares and retains RSUs representing 51,844 underlying shares. For retail traders, this is a neutral-to-slightly bearish event: preplanned sale under a 10b5-1 plan, small relative to total holdings.

🔑 Interpretation

  • Type: Pre-planned 10b5-1 sale (non-discretionary execution of a trading plan)
  • Disposition: Shares were sold per the 10b5-1 schedule (executed, not newly retained)
  • Size Context: The sale of 1,318 shares represents roughly ~3.4% of her pre-transaction direct position (small reduction); appears routine profit-taking rather than a large exit.
  • ATH Metric: Using the latest available price context, this sale at $91.65 does not appear to coincide with an extreme all-time high or all-time low; timing looks opportunistic to execute a pre-established plan rather than signaling reaction to an ATH/ATL event.
  • Outlier Check: Not unusually large given her remaining direct holdings and substantial RSU position; consistent with routine/periodic plan-based sales.

📊 Bullish or Bearish?

Decide: Neutral

Neutral. The filing shows a single, modest sale executed under a Rule 10b5-1 plan (code S) with substantial remaining direct and derivative holdings; this looks like pre-planned liquidity rather than a discretionary negative signal. Data completeness is high for this transaction but cluster activity cannot be determined from this filing alone.

✅ Bottom Line (Retail Takeaway)

This transaction looks like routine profit-taking executed under a 10b5-1 plan rather than a clear bearish signal. For retail traders, it’s noise — not a tradeable event on its own unless corroborated by larger/coordinated insider sales.