McKinnon Todd, CEO of Okta (OKTA), has filed 50 Form 4 transactions, all in the single company, with a pronounced sell-side bias. Over the reporting period, Todd has executed zero open-market purchases and zero acquisitions, while recording approximately $18.0 million in open-market sales. The most recent activity, clustered on July 8, 2026, shows four separate "S" transactions totaling roughly $10.1 million, with individual sales ranging from $252,613 to $4.32 million. Prior to that, on March 23, 2026, Todd sold an additional $912,364 across four smaller trades, indicating a consistent pattern of periodic monetization rather than a one-off liquidation.
The remaining filings are largely mechanical or compensatory. A series of "M" (option exercise) and "F" (tax withholding) transactions on June 15 and March 15, 2026, carry zero dollar values, reflecting routine equity compensation cycles rather than discretionary trading. Similarly, "A" grants on February 25 and March 19, 2026, represent restricted stock or option awards, not purchases. The absence of any "P" codes—the only transaction type that signals conviction buying—underscores that Todd has not added shares in the open market during this window.
The data paints a clear directional picture: Todd is a net seller of OKTA stock, with all discretionary activity on the sell side. The July 8 cluster alone accounts for over half of his total sell volume, suggesting an acceleration in disposition pace. While the "F" and "M" codes are automatic and not decision-based, the eight recent "S" trades—all in OKTA—demonstrate an active, ongoing program of share sales by the CEO, with no corresponding buys to offset the dilution.
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