Okta, Inc.'s Chief Revenue Officer, Jonathan James Addison, executed a series of sales totaling 23,304 shares of Class A common stock on March 25, 2026, generating roughly $1.8 million in proceeds. The transactions were completed at prices ranging from $77.1011 to $78.653 per share.
Those sales were carried out under a pre-arranged Rule 10b5-1 trading plan that Addison adopted on December 24, 2025. Rule 10b5-1 plans allow insiders to sell shares according to a predetermined schedule, and the company disclosure indicates Addison's transactions conformed to that plan.
Following the March 25 trades, Addison's direct and restricted holdings in Okta are detailed in company filings. He directly holds 4,364 shares of Okta Class A Common Stock. In addition, the filings list multiple tranches of restricted stock units (RSUs) that vest quarterly: 10,773 RSUs, 5,810 RSUs, 24,640 RSUs and 55,426 RSUs.
Market context included in the disclosure notes that Okta's share price is quoted at $73.21, which is close to a 52-week low of $68.77. InvestingPro's data cited in the disclosure also indicates that the stock appears undervalued when measured against InvestingPro's Fair Value assessment.
Investor materials and the company filing also point readers to a Pro Research Report on InvestingPro for deeper analysis of Okta's financials and outlook.
Recent analyst actions and corporate developments
- DA Davidson reiterated a Buy rating on Okta and set a price target of $110, citing product momentum.
- Macquarie initiated coverage with an Outperform rating, highlighting management initiatives aimed at driving revenue growth through longer-term contracts and increased engagement with channel partners.
- Truist Securities maintained a Buy rating and emphasized demand for Okta's AI agent security offerings, assigning a $100 price target.
On the corporate governance front, Okta disclosed that board member Jeff Epstein will resign at the company's annual meeting in June 2026. The company stated there were no disagreements between Epstein and the board and noted its appreciation for his contributions.
Evercore analysts additionally flagged Anthropic's release of the Claude Mythos model, which is aimed at cybersecurity tasks, as a development that could affect the cybersecurity sector, including companies such as Okta. The filing frames these analyst comments and corporate items as part of a series of strategic and operational shifts affecting Okta and the broader cybersecurity market.
What the filing shows and does not show
The disclosure provides a clear record of the insider sale, the mechanics of the trade under a Rule 10b5-1 plan and a detailed accounting of Addison's remaining direct and restricted holdings. It also aggregates recent analyst ratings and corporate announcements that investors may consider when evaluating Okta. The filing does not provide additional commentary from Addison or the board beyond the factual details of the transactions, holdings and the announced board resignation.