false000166013400016601342025-12-152025-12-15
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported)
December 15, 2025
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Okta, Inc.
(Exact name of registrant as specified in its charter)
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| Delaware |
001-38044 |
26-4175727 |
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(Commission File Number) |
(I.R.S. Employer Identification Number) |
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100 First Street, Suite 600
San Francisco, California 94105
(Address of principal executive offices)
(888) 722-7871
(Registrant's telephone number, including area code)
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(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
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| Title of each class |
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Name of each exchange on which registered |
| Class A common stock, par value $0.0001 per share |
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OKTA |
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The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
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
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Exhibit
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Description |
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Press release dated December 19, 2025, issued by Okta, Inc. |
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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.
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Okta, Inc. |
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By: |
/s/ Larissa Schwartz |
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Larissa Schwartz |
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Chief Legal Officer and Corporate Secretary |
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EX-99.1
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okta-12192025exh991.htm
EX-99.1
Document
Okta Names Rob Bernshteyn and Paul Sagan to Board of Directors
SAN FRANCISCO – December 19, 2025 – Okta, Inc. (Nasdaq: OKTA), the leading independent identity provider, today announced the appointment of Rob Bernshteyn and Paul Sagan to the Company’s board of directors, effective December 19, 2025.
“Rob and Paul bring a wealth of operational experience across SaaS, cybersecurity, and AI that will help drive Okta’s next phase of growth,” said Todd McKinnon, Okta CEO and Co-Founder. “Their expertise comes at a pivotal moment, as identity becomes the foundation for secure AI. With their leadership, we’ll continue strengthening Okta’s position as the neutral identity partner and accelerating our work to help customers safely adopt AI agents.”
“Okta has proven that identity is critical to securing every major technology shift from mobile to cloud and, now, AI. I’m excited to work with Todd and the board to solve one of the biggest cybersecurity challenges we face as a new wave of AI-led identities and threats become reality,” said Sagan.
“Identity security is one of the most critical technologies for any organization today, and, with the rapid adoption of AI, it will only become more important. Okta has a massive opportunity ahead of it and I look forward to contributing to the company and board,” said Bernshteyn.
Also today, the Company announced that Mary Agnes (Maggie) Wilderotter stepped down from the Board on December 15, 2025 due to reasons unforeseen at the time of her joining.
“We thank Maggie for her service to Okta, and wish her the best on her future endeavors,” added Mr. McKinnon.
About Rob Bernshteyn
Rob Bernshteyn is a General Partner at ICONIQ Capital, a venture capital firm, which he joined in February 2024.
Mr. Bernshteyn has over three decades of experience in the business software industry. From February 2009 to May 2023, Mr. Bernshteyn served as Chief Executive Officer and Chair of the Board of Directors at Coupa Software Inc., a provider of business spend management. From June 2004 to February 2009, he held various roles at SuccessFactors Inc., a cloud-based HCM solution provider, most recently as VP, Global Product Marketing & Management. From June 2001 to May 2004, Mr. Bernshteyn served as Director of Product Management at Siebel Systems, Inc.
Mr. Bernshteyn has served on the board of directors of PTC, Inc., a global technology provider of internet of things and augmented reality platforms, since September 2024. Mr. Bernshteyn previously served on the board of directors of Medallia, Inc. from June 2019 to October 2021.
About Paul Sagan
Paul Sagan is a Catalyst Advisor at General Catalyst, a global venture capital and private equity firm, where he advises internet software, services and infrastructure companies on strategy and execution. Mr. Sagan joined General Catalyst in 2014 as an Executive in Residence and served as a Managing Director from 2018 to 2020.
Previously, Mr. Sagan held various leadership roles at Akamai Technologies, Inc., a publicly-traded cloud computing and cybersecurity company. Akamai’s fifteenth employee, Mr. Sagan was Chief Operating Officer from 1998 to 2005 and Chief Executive Officer from 2005 to 2013. He was elected to the board of directors in January 2005 and served as Vice Chairman from 2013 until 2015.
Mr. Sagan began his career in broadcast television news. From 1991 and 1996, he was a senior leader at Time Warner, Inc. a former multimedia entertainment company, where he helped establish the first consumer broadband service, one of the first web portals for internet advertising, and a 24-hour cable news service.
A seasoned public company director, Mr. Sagan currently serves on the board of Moderna and Thomson Reuters. He was a director of VMWare from 2014 until its acquisition by Broadcom in November 2023, serving as lead independent director from February 2015 to November 2023, and previously was a director of Digitas, Dow Jones, EMC and iRobot.
About Okta
Okta, Inc. is The World’s Identity Company™. We secure identity, so everyone is free to safely use any technology. Our customer and workforce solutions empower businesses and developers to use the power of identity to drive security, efficiencies, and success — all while protecting their users, employees, and partners. Learn why the world’s leading brands trust Okta for authentication, authorization, and more at okta.com.
Investor Contact:
Dave Gennarelli
investor@okta.com
Media Contact:
Kyrk Storer
press@okta.com