---
title: Okta Co-Founder Todd McKinnon Sold $1.0M in Class A Shares — But Form 4 Still Shows a 6.38M Derivative Stake
type: news
slug: okta-mckinnon-class-a-sales-638m-derivative-stake
canonical_url: https://13finsight.com/news/okta-mckinnon-class-a-sales-638m-derivative-stake
published_at: 2026-03-29T09:52:15.276Z
updated_at: 2026-03-29T09:52:16.395Z
author: Alex Rivera
author_title: Breaking News Editor
author_url: https://13finsight.com/authors/alex-rivera
word_count: 318
locale: en
source: 13F Insight
---

# Okta Co-Founder Todd McKinnon Sold $1.0M in Class A Shares — But Form 4 Still Shows a 6.38M Derivative Stake

> Todd McKinnon's latest Okta sales came days after the company's FY2026 results, but Form 4 Table II still reports 6,383,887 derivative/indirect shares.

Todd McKinnon disclosed another March 2026 sale in OKTA, extending a multi-year monetization pattern right after Okta's fiscal Q4 print. The key nuance from Form 4 is ownership structure: Table I shows Class A sales, while Table II still reports 6,383,887 derivative/indirect shares. What happened in the latest filing DateCodeSharesPriceEstimated ValueTicker 2026-03-16S5,000$199.95~$1.0MOKTA 2026-01-15S5,000$204.26~$1.0MOKTA 2025-12-22S11,286$90-92 range~$1.0MOKTA Form 4 Table I now reports zero Class A shares after certain sales, but this is not a full-exit signal by itself. Per Form 4 Table II, McKinnon still has a large derivative/indirect position and remains deeply economically exposed to Okta. Why the timing matters: earnings and guidance reset Okta's March 2026 earnings release highlighted revenue and earnings outperformance with a larger AI identity push. Coverage from SiliconANGLE and follow-on market commentary framed the print as a confidence reset for identity software after a volatile 2025 backdrop. Selling into that window can reflect liquidity planning, not necessarily a negative call on operating momentum. Institutional ownership context also matters: large holders including Vanguard Group, BlackRock, and Sands Capital continue to shape positioning around the name. Cybersecurity peer tape remains a valuation driver Okta's multiple is still being priced against peers like ZS, CRWD, PANW, and FTNT. If the group rerates on growth durability, insider sales can be absorbed; if peer guidance weakens, those same prints are interpreted more defensively. Key facts from the insider profile InsiderTodd McKinnon CompanyOkta (OKTA) Last transaction date2026-03-23 Career tracked sell value$254.6M Table II derivative/indirect shares6,383,887 What to watch next OKTA guidance follow-through — whether post-earnings deal velocity supports the AI identity narrative through the next quarter. McKinnon's next Form 4 mix — additional Class A sales versus stable Table II holdings will shape interpretation. Vanguard and other top holders — changes in top-10 institutional ownership can confirm or fade market conviction. Peer read-through from ZS and CRWD — cybersecurity valuation pressure can spill into OKTA regardless of company-specific execution.

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Source: 13F Insight — https://13finsight.com/news/okta-mckinnon-class-a-sales-638m-derivative-stake
Author: Alex Rivera — https://13finsight.com/authors/alex-rivera
Last updated: 2026-03-29T09:52:16.395Z