Okta, Inc. reported a planned insider sale by its Chief Legal Officer and Corporate Secretary, Larissa Schwartz, in a Form 4 filed with the Securities and Exchange Commission. The filing shows that on April 7, 2026, Schwartz sold a total of 6,377 shares of the company’s Class A Common Stock under a pre-arranged 10b5-1 trading plan, for aggregate proceeds of $508,583.
The transaction was executed in multiple tranches at prices ranging from $79.1492 to $80.58 per share. The filing breaks the sale down as follows: 1,999 shares disposed of at a weighted average price of $79.1492; 4,278 shares at a weighted average price of $80.0154; and 100 shares at $80.58. After these sales, Schwartz is listed as directly owning 54,825 shares of Okta’s Class A Common Stock.
Okta’s share price has moved materially lower since the April 7 transactions. The stock is currently trading at $67.76, which places it near its reported 52-week low of $68.77. By contrast, InvestingPro analysis included in the filing materials values Okta at a Fair Value of $99.34 at current levels, and notes the company’s gross profit margin of 77%. The InvestingPro disclosure also states there are 11 additional exclusive tips available through its Pro Research Report for investors seeking further detail.
The Form 4 filing also itemizes Schwartz’s remaining equity awards that are subject to vesting schedules. According to the filing, she holds 7,747 Restricted Stock Units that vest in quarterly installments until June 2027; 24,640 Restricted Stock Units that vest in quarterly installments until June 2026; and 43,109 Restricted Stock Units that vest in quarterly installments until June 2027.
Other company developments noted around the same period provide context to the insider transaction. Okta reported robust financial results for the fourth quarter of fiscal 2026, outperforming consensus estimates on revenue, current remaining performance obligations, operating margin and earnings per share. The company attributed that performance to improved sales productivity and growth across new product areas.
Following those results, Cantor Fitzgerald reiterated an Overweight rating on Okta. DA Davidson also maintained a Buy rating and kept a $110 price target, citing optimism about revenue contributions from newer product lines such as IGA and OIG and signs of strengthening sales channels.
The filing and related company releases also note a forthcoming board change: Jeff Epstein is scheduled to resign from Okta’s board at the company’s 2026 annual meeting of stockholders in June. The company has expressly stated that the resignation is not the result of any disagreement with the board.
In industry news referenced alongside the filing, the launch of Anthropic’s new AI model, Claude Mythos, has generated discussion within the cybersecurity sector. DA Davidson analysts are cited as expressing skepticism that such advanced AI models will quickly replace incumbent cybersecurity vendors.
The Form 4 filing and the company disclosures provide a snapshot of insider liquidity, outstanding equity awards and the broader market and analyst backdrop. The sale was conducted under a pre-existing 10b5-1 plan, and the filing documents the precise tranche sizes, prices and remaining holdings without attributing motive or making forward-looking claims.