Okta chief accounting officer sells $3.2m in company stock

Shibu Ninan, Chief Accounting Officer at Okta Inc., divested a total of 14,677 shares of the company's Class A Common Stock on October 7 and 8, 2026. The sales occurred via a Rule 10b5-1 trading plan, executed on July 8, 2026. The shares were sold at prices ranging from $216.3547 to $220 per share, amounting to $3,196,602 in total sales.

Ninan's insider sale occurred as Okta's stock approaches its 52-week high of $232.98, with shares up 160% in the past year. The stock appears overvalued according to InvestingPro analysis, placing it among the most overvalued stocks tracked by the platform. Ninan now holds 11,071 shares of Okta's Class A Common Stock, in addition to derivative securities in the form of Restricted Stock Units (RSUs).