Form 4: Okta Executive Sells Shares
Insider Transaction (Form 4)
Shibu Ninan, Chief Accounting Officer of Okta, Inc., sold 14,677 shares of common stock on October 7, 2026.
Summary
- Open-market sale: disposed of 2,700 Class A Common Stock at $216.35 ($584,158) on October 7, 2026; holds 23,048 after (Direct).
- Open-market sale: disposed of 7,875 Class A Common Stock at $217.62 ($1,713,789) on October 7, 2026; holds 15,173 after (Direct).
- Open-market sale: disposed of 2,100 Class A Common Stock at $218.20 ($458,216) on October 7, 2026; holds 13,073 after (Direct).
- Open-market sale: disposed of 2,002 Class A Common Stock at $220.00 ($440,440) on October 8, 2026; holds 11,071 after (Direct).
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a mildly negative but low-conviction signal: an insider sold $3,196,603 of stock under a pre-arranged Rule 10b5-1 plan, which is typically routine.
Insider Transactions
Shibu Ninan — Officer (Chief Accounting Officer)
Transaction made under a Rule 10b5-1 trading plan.
| Date | Transaction | Security | Shares | Price | Value | Held After |
|---|---|---|---|---|---|---|
| 2026-10-07 | Open-market sale | Class A Common Stock | 2,700 | $216 | $584.2K | 23,048 |
| 2026-10-07 | Open-market sale | Class A Common Stock | 7,875 | $218 | $1.7M | 15,173 |
| 2026-10-07 | Open-market sale | Class A Common Stock | 2,100 | $218 | $458.2K | 13,073 |
| 2026-10-08 | Open-market sale | Class A Common Stock | 2,002 | $220 | $440.4K | 11,071 |
Key Dates
| Date | Description |
|---|---|
| 2026-10-07 | Open-market sale (2,700 shares) |
| 2026-10-07 | Open-market sale (7,875 shares) |
| 2026-10-07 | Open-market sale (2,100 shares) |
| 2026-10-08 | Open-market sale (2,002 shares) |
Keywords
insider transaction, Form 4, OKTA, Okta, Inc., bearish, Shibu Ninan
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