Okta, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Okta, Inc. on September 14, 2026, covering events occurring on September 14, 2026, and September 17, 2026. The filing addresses changes to the composition of the Board of Directors.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance changes and does not contain financial performance data.
Material Changes
- Departure of Director: Emilie Choi, a Class I director, resigned from the Board effective September 14, 2026. The resignation is not the result of any disagreement with the Company regarding operations, policies, or practices.
- Appointment of Director: Helen Riley was appointed as an independent Class I director, effective September 18, 2026. She will serve until the 2027 Annual Meeting of Stockholders.
- Committee Assignment: Ms. Riley was appointed as a member of the Audit Committee.
Compensation and Governance Details
Ms. Riley will participate in the Company's standard non-employee director compensation arrangements, which include:
- Annual cash compensation of $35,000 for Board service.
- Annual cash compensation of $13,000 for Audit Committee service.
- An initial grant of 2,907 restricted stock units (RSUs) vesting annually over three years, subject to continuous service.
The Company has entered into a standard indemnification agreement with Ms. Riley. No arrangements or understandings exist between Ms. Riley and other persons regarding her appointment, and no reportable transactions under Item 404(a) of Regulation S-K exist.
Key Facts for Investor Verification
- Confirm the effective dates of Ms. Choi's resignation (September 14, 2026) and Ms. Riley's appointment (September 18, 2026).
- Verify Ms. Riley's specific role on the Audit Committee and her tenure through the 2027 Annual Meeting.
- Review the attached press release (Exhibit 99.1) for additional context on the Board's strategic direction.
- Note that this filing contains no financial results or guidance updates.