Okta Inc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
$OKTA
Computer Software: Prepackaged Software
Technology
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Appointment of New Directors; Departure of Director
On December 18, 2025, the Board of Directors (the “Board”) of Okta, Inc. (the “Company”), upon the recommendation of its Nominating and Corporate Governance Committee (the “Nominating Committee”), expanded the size of the Board from 10 to 11 directors and appointed Rob Bernshteyn and Paul Sagan as independent directors to the Board, effective December 19, 2025. Mr. Bernshteyn was appointed as a Class II director to serve until the Company’s 2028 Annual Meeting of Stockholders and Mr. Sagan was appointed as a Class I director to serve until the Company’s 2027 Annual Meeting of Stockholders, each to hold such office until his successor has been duly elected and qualified, or until his earlier death, resignation or removal. The Board appointed Mr. Bernshteyn to the Audit Committee and the Cybersecurity Risk Committee and appointed Mr. Sagan to the Compensation Committee and the Nominating Committee.
There are no arrangements or understandings between Messrs. Bernshteyn or Sagan and any other persons pursuant to which either was appointed as a director. There are no transactions between Messrs. Bernshteyn or Sagan and the Company that would be required to be reported under Item 404(a) of Regulation S-K.
Messrs. Bernshteyn and Sagan will participate in the Company’s standard non-employee director compensation arrangements. Under the terms of those arrangements, each will receive, among other things, annual compensation of $35,000 for his service on the Board and an initial grant of 5,876 restricted stock units that vest annually over three years, subject to continuous service.
The Company has entered into its standard form of indemnification agreement with Messrs. Bernshteyn and Sagan.
Additionally, on December 15, 2025 , Mary Agnes (Maggie) Wilderotter resigned from the Board for reasons unforeseen at the time of her joining. Ms. Wilderotter’s resignation is not the result of disagreement with the Company on any matters relating to its operations, policies or practices.
A copy of the press release announcing the appointments of Messrs. Bernshteyn and Sagan to the Board and the departure of Maggie Wilderotter from the Board is attached hereto as Exhibit 99.1.
Item 9.01 - Financial Statements and Exhibits
(d) Exhibits
Exhibit Number | Description | |||||||
| Press release dated December 19, 2025, issued by Okta, Inc. | ||||||||
| 104 | Cover Page Interactive Data File—the cover page XBRL tags are embedded within the Inline XBRL document | |||||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized on this 19th day of December 2025.
| Okta, Inc. | ||||||||
| By: | /s/ Larissa Schwartz | |||||||
| Name: | Larissa Schwartz | |||||||
| Title: | Chief Legal Officer and Corporate Secretary | |||||||