McKinnon Todd, chief executive officer of Okta (OKTA), has filed 61 Form 4 transactions across the single company, with a clear sell-side bias. His total open-market sales reached $27,454,895.02, while he recorded no open-market purchases and no acquisitions of shares through grants or exercises that carried a reported dollar value. The recent window shows 14 open-market sales, all in OKTA, concentrated on three dates: July 8, 2026, and September 22, 2026.
The September 22 trading day was the heaviest. Todd filed ten separate sales that day, ranging from $365,316.65 to $1,961,659.02, with a combined value of roughly $9.4 million. The July 8 session produced four sales, including two large blocks of $4,318,732.88 and $3,687,565.78, plus a $1,848,760.15 sale and a smaller $252,613.48 transaction. Between those dates, on June 15 and September 15, he filed option exercises (code M) and shares withheld to cover tax (code F), all valued at zero in the filings, which are mechanical events rather than discretionary trades.
The pattern is one of consistent monetization. Todd has not bought OKTA shares on the open market in any of the 61 filings, and his selling has accelerated in the most recent quarter. The dollar values are substantial, with single-day totals in the millions. The absence of any purchase activity, combined with the frequency and size of the sales, points to a sustained reduction of his stake in Okta.
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