McKinnon Todd, CEO of Okta Inc. (OKTA), has demonstrated a clear selling bias in recent insider transactions, with no open-market purchases reported in the latest filings. Over the course of 40 trades, Todd has sold $7.9 million worth of OKTA shares while acquiring only $213,224 in stock, primarily through awards or other non-open-market transactions. The most recent disposals occurred on March 23, 2026, when Todd executed four separate sales totaling $912,363.86, including individual transactions valued at $306,263.19, $414,207.91, $160,376.80, and $31,515.96. This follows a similar pattern from December 22, 2025, when Todd sold $1.02 million in OKTA stock across three transactions.
The filings show no recent buying activity, with the last seven reported trades all being sales or non-monetary transactions such as awards (coded "A") or gifts (coded "G"). The absence of open-market purchases since at least September 2025 suggests a consistent reduction in Todd’s OKTA holdings. While routine sales may be part of a prearranged trading plan, the magnitude—with individual transactions ranging from five to six figures—indicates a sustained disposition of shares rather than isolated liquidity events. All activity has been concentrated in Okta, with no trades reported in other securities during this period.
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