Okta, Inc. co-founder and executive Todd McKinnon reported a large sale of Okta Class A common stock on July 8, 2026. The Form 4, filed July 10, disclosed multiple open-market sale transactions totaling 269,073 shares for aggregate proceeds of approximately $39.5 million, based on the weighted-average prices reported. The sales were reported as transactions in Class A common stock and were effected under a Rule 10b5-1 trading plan adopted by McKinnon on April 8, 2026. Such plans allow insiders to schedule trades in advance under preset conditions, providing an affirmative defense against claims that trades were made on the basis of material nonpublic information. The reported sales were broken into several weighted-average price groups. McKinnon sold 12,695 shares at a weighted average price of $145.629 per share, with actual sale prices ranging from $144.9321 to $145.9273. He also sold 94,725 shares and 29,502 shares at a weighted average price of $146.3878, with prices ranging from $145.9335 to $146.9331. Additional sales included 65,223 shares and 25,034 shares at a weighted average price of $147.3023, with prices ranging from $146.9337 to $147.9327. The final reported batches were 40,189 shares and 1,705 shares at a weighted average price of $148.1604, with prices ranging from $147.9353 to $148.8407. Across all reported lots, the overall average sale price was roughly $146.94 per share. The filing notes that the weighted-average prices reflect multiple transactions within the stated ranges, and McKinnon undertook to provide Okta, its security holders, or SEC staff with full details on the number of shares sold at each individual price upon request. The document excerpt does not include post-transaction ownership totals, vesting information, or option-exercise details, so the filing primarily reports the insider’s planned market sales rather than a new equity award or derivative-security transaction.