{
  "id": 5668550,
  "title": "Okta CFO Brett Tighe sells $12.8 million in company shares",
  "url": "https://urgent.news/2026/09/04/okta-cfo-brett-tighe-sells-12-8-million-in-company-shares",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-04T23:31:36.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/okta-cfo-brett-tighe-sells-128-million-in-company-shares-93CH-4890111"
  },
  "original_language": "en",
  "account": "Okta's CFO, Brett Tighe, divested $12.8 million worth of company shares on September 2, 2026. He sold 80,000 shares of the Class A Common Stock, with prices ranging between $158.51 and $167.0867 per share. The transactions were conducted under a pre-approved Rule 10b5-1 trading plan initiated by Tighe on April 8, 2026. This sale occurred as Okta's stock price hovered near its 52-week high of $174.85, following a significant 90% increase over the previous year. InvestingPro analysis suggests the stock might be overvalued compared to its fair value, a point to consider for investors tracking insider trades. Of the shares sold, 38,749 were held directly by Tighe, while 41,251 shares were owned indirectly through a trust. Furthermore, Tighe converted 41,251 shares of Class B Common Stock into an equivalent number of Class A Common Stock on the same date, a conversion without any exchange of money. Post these transactions, Tighe directly owns 82,046 shares of Class A Common Stock, including 275 shares obtained through an employee stock purchase plan, and 7,693 shares indirectly held through a trust. He also possesses RSUs entitling him to receive additional shares of Class A Common Stock upon vesting, such as 11,620, 24,640, and 50,808 units. Okta's market capitalization stands at $29.8 billion, and the company scored a perfect 9 on the Piotroski scale, indicating robust financial health. Recently, Okta reported strong Q2 fiscal 2027 results, with committed remaining performance obligations rising by 14% year-over-year and surpassing expectations, leading to several analyst firms raising their price targets.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Heartflow CFO Vikram Verghese sells $1.67m in HTFL shares",
        "url": "https://urgent.news/2026/09/04/heartflow-cfo-vikram-verghese-sells-1-67m-in-htfl-shares",
        "published": "2026-09-04T22:01:13.000Z"
      }
    ]
  },
  "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."
}