The CEO's sale is notable in absolute dollar terms but is a single transaction that may be plan-driven. Monitor the next Form 4 filing for any 10b5-1 designation or additional insider sales. The lack of open-market purchases and the modest scale relative to market cap suggest no imminent negative catalyst.
Price Chart
Executive Summary
Okta insiders sold a total of $962K in open-market sales over a one-week period, with CEO Todd McKinnon accounting for $906K of that total. The sales are modest relative to Okta's market cap (approximately $0.03% based on a ~$28B market cap), and the CEO's sale is a single transaction that could be part of a pre-arranged 10b5-1 plan, reducing its informational value.
Key Financial Metrics
Key Facts
- CEO Todd McKinnon sold 4,800 shares at $189.04 for $906K on 2026-09-22
- Eric Robert Kelleher (See Remarks) sold 5,139 shares across 6 trades totaling $1.17M on 2026-09-18
- Director Riley Helen received a non-cash grant of 2,907 shares at $0
- Total open-market sales: ~$2.08M, approximately 0.07% of Okta's ~$28B market cap
- No open-market purchases were reported in the cluster
Financial Impact
Total insider sales of ~$2.08M represent less than 0.1% of market cap, a trivial amount
Risk Factors
- CEO selling could signal personal diversification rather than bearish conviction, but if repeated without a plan, it may indicate insider caution
- No insider buying to offset sales reduces confidence in near-term upside
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-OKTA-1790318142947 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 6d ago | Institutional Cluster | $208.64 | awaiting T+20 | — | $226.99 (+8.79%) |
Oct 19, 2026 8d ago | PTAB Trial | $194.02 | awaiting T+20 | — | $226.99 (+16.99%) |
Oct 7, 2026 19d ago | 144 | $220.21 | awaiting T+20 | — | $226.99 (+3.08%) |
Sep 24, 2026 4w ago | Insider Cluster | $195.19 $213.05 | ▲ +9.15% | ▲ +10.63% | $226.99 (+16.29%) |
Sep 18, 2026 5w ago | 8-K | $191.33 $189.93 | ▼ −0.73% | ▲ +0.18% | $226.99 (+18.64%) |
Jun 23, 2026 17w ago | 8-K | $118.58 $136.69 | ▲ +15.27% | ▲ +13.34% | $226.99 (+91.42%) |
May 28, 2026 21w ago | 8-K | $123.27 $131.31 | ▲ +6.52% | ▲ +8.32% | $226.99 (+84.14%) |
May 7, 2026 24w ago | DEFA14A | $83.85 $118.72 | ▲ +41.58% | ▲ +41.56% | $226.99 (+170.69%) |
Mar 23, 2026 31w ago | 8-K | $80.69 $77.28 | ▼ −4.23% | ▼ −11.65% | $226.99 (+181.29%) |
Mar 19, 2026 31w ago | Insider Cluster | $80.71 $72.05 | ▼ −10.73% | ▼ −18.35% | $226.99 (+181.22%) |
US Market Status
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