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Okta | SC 13G/A: Statement of acquisition of beneficial ownership by individuals (Amendment)-I.R.S IDENTIFICATION NOS. OF ABOVE PERSONSJacques Frederic Kerrest(1.9%)

SEC announcement ·  Feb 15 05:53
Summary by Futu AI
Jacques Frederic Kerrest, a significant shareholder in Okta, Inc., filed an amended Schedule 13G with the U.S. Securities and Exchange Commission on February 14, 2024, indicating a change in his ownership stake in the company. As of December 31, 2023, Kerrest beneficially owns a total of 3,034,642 shares, which includes both Class A and Class B common stock, representing approximately 1.9% of the outstanding Class A shares. Notably, the shares of Class B common stock, which Kerrest has voting and dispositive power over, carry ten times the voting power of Class A shares. When considering the voting power of Class B shares, Kerrest's stake represents 11.4% of the aggregate combined voting power of both classes of stock. The filing was made by Larissa Schwartz, attorney-in-fact for Kerrest.
Jacques Frederic Kerrest, a significant shareholder in Okta, Inc., filed an amended Schedule 13G with the U.S. Securities and Exchange Commission on February 14, 2024, indicating a change in his ownership stake in the company. As of December 31, 2023, Kerrest beneficially owns a total of 3,034,642 shares, which includes both Class A and Class B common stock, representing approximately 1.9% of the outstanding Class A shares. Notably, the shares of Class B common stock, which Kerrest has voting and dispositive power over, carry ten times the voting power of Class A shares. When considering the voting power of Class B shares, Kerrest's stake represents 11.4% of the aggregate combined voting power of both classes of stock. The filing was made by Larissa Schwartz, attorney-in-fact for Kerrest.
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