CFO Brett Tighe sold 65,000 shares at blended $117.25 for $7.6M on 2026-06-08 via 10b5-1 plan
Brett Tighe, Chief Financial Officer of Okta, Inc., executed three separate sales totaling 65,000 shares for $7,621,284.83 via a pre-arranged 10b5-1 trading plan—a scheduled, non-discretionary mechanism. The sales reduced his holdings from 184,680 to 119,680 shares, representing a -35.2% reduction in his position. His historical track record across all tickers shows three prior sales with an average 90-day return of -15.9%, suggesting his past selling activity preceded stock declines; however, this transaction itself is scheduled under a plan adopted in advance, not driven by current discretion. At the OKTA ticker specifically, his three prior sales (2025-07-18, 2025-10-02, 2026-01-13) were followed by 90-day returns of -7.7%, -9.0%, and -31.1% respectively, showing consistent post-sale downside at this company, though the current 30-day and 90-day price changes for OKTA show +40.7% and +45.6% respectively—suggesting recent momentum.