{
  "id": 13271215,
  "title": "Okta chief accounting officer sells $3.2m in company stock",
  "url": "https://urgent.news/2026/10/10/okta-chief-accounting-officer-sells-3-2m-in-company-stock",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-10T00:19:59.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/okta-chief-accounting-officer-sells-32m-in-company-stock-93CH-4941883"
  },
  "original_language": "en",
  "account": "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).",
  "summary": null,
  "key_points": [
    "Okta's Chief Accounting Officer, Shibu Ninan, sold $3.2 million worth of company stock.",
    "Sale of 14,677 shares executed via Rule 10b5-1 trading plan on October 7-8, 2026.",
    "Shares sold between $216.35 and $220, as stock nears 52-week high of $232.98."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}