Okta CFO Sells $12.9 Million Worth of Shares After Stock Hits 52-Week High
Brett Tighe, Chief Financial Officer of Okta (OKTA), sold 80,000 shares worth approximately $12.9 million on September 2, 2026, following the stock reaching a 52-week high earlier in August. The sale was conducted under a pre-established Rule 10b5-1 trading plan to ensure compliance with insider trading regulations and fulfill liquidity needs. The transaction included both directly held shares (38,749) and indirectly held shares (41,251), representing nearly half of Tighe’s equity stake. After the sale, he retained 0.054% ownership in Okta through a combination of direct holdings and derivative securities. Okta's stock had delivered an impressive 82% return over the preceding year before this transaction date. The company continues to operate as a leading identity management provider with strong financials including $3.1 billion in trailing twelve-month revenue.
Tickers: $OKTA
Topics: insider trading Okta SEC filing