# EDGAR Filing Document

**Accession Number:** 0001660134
**File Stem:** 0001660134-25-000138
**Filing Date:** 2025-8
**Character Count:** 11881
**Document Hash:** 02ca90fec6e75b148066d442241ee51a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001660134-25-000138.hdr.sgml**: 20250814

**ACCESSION NUMBER**: 0001660134-25-000138

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20250811

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250814

**DATE AS OF CHANGE**: 20250814

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Okta, Inc.
- **CENTRAL INDEX KEY:** 0001660134
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-PREPACKAGED SOFTWARE [7372]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 264175727
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0131

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38044
- **FILM NUMBER:** 251219029

**BUSINESS ADDRESS:**
- **STREET 1:** 100 FIRST STREET
- **STREET 2:** SUITE 600
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105
- **BUSINESS PHONE:** 888-722-7871

**MAIL ADDRESS:**
- **STREET 1:** 100 FIRST STREET
- **STREET 2:** SUITE 600
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105

?xml version='1.0' encoding='ASCII'? okta-20250811

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

___________________________________

**FORM 8-K** 

___________________________________

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d)**

**of the Securities Exchange Act of 1934**

**Date of Report (date of earliest event reported)**

**August 11, 2025**

___________________________________

**Okta, Inc.** 

(Exact name of registrant as specified in its charter)

___________________________________

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-38044** | **26-4175727** |
| (State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification Number) |

---

**100 First Street, Suite 600** 

**San Francisco, California 94105** 

**(Address of principal executive offices)**

**(888) 722-7871** 

**(Registrant's telephone number, including area code)**

___________________________________

___________________________________

(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:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ 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 | Trading Symbol(s) | Name of each exchange on which registered |
| Class A common stock, par value $0.0001 per share | OKTA | 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&nbsp;&nbsp;&nbsp;&nbsp;☐

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. ☐

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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*

On August 11, 2025, the Board of Directors (the "Board") of Okta, Inc. (the "Company"), upon the recommendation of its Nominating and Corporate Governance Committee, expanded the size of the Board from eight to ten directors and appointed David Schellhase as an independent director and Mary Agnes (Maggie) Wilderotter as a non-independent director to the Board, effective August 13, 2025. Mr. Schellhase was appointed as a Class III director to serve until the Company's 2026 Annual Meeting of Stockholders and Ms. Wilderotter was appointed as a Class II director to serve until the Company's 2028 Annual Meeting of Stockholders, each to hold such office until his or her successor has been duly elected and qualified, or until his or her earlier death, resignation or removal. The Board also appointed Mr. Schellhase to the Compensation and the Nominating and Corporate Governance Committees of the Board, and Ms. Wilderotter to the Cybersecurity Risk and M&A Committees of the Board.

There is no arrangement or understanding between either of Mr. Schellhase or Ms. Wilderotter and any other persons pursuant to which he or she was appointed as director.

There are no transactions between Mr. Schellhase and the Company that would be required to be reported under Item 404(a) of Regulation S-K. Ms. Wilderotter previously provided advisory services to the Company relating to its business, strategy, technology and products. As compensation for such services, during the fiscal year ended January 31, 2025, the Company paid Ms. Wilderotter a total cash retainer of $100,000, and on December 14, 2023, granted Ms. Wilderotter 4,935 restricted stock units ("RSUs") with a grant date fair value of $400,031 that fully vested on December 15, 2024.

Mr. Schellhase and Ms. Wilderotter 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 or her service on the Board and an initial grant of 5,826 RSUs that vest annually over three years, subject to continuous service.

The Company has entered into its standard form of indemnification agreement with each of Mr. Schellhase and Ms. Wilderotter.

A copy of the press release announcing the appointments of Mr. Schellhase and Ms. Wilderotter to the Board is attached hereto as Exhibit 99.1.

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**Item 9.01 - Financial Statements and Exhibits**

***(d) Exhibits***

---

| | |
|:---|:---|
| **Exhibit**<br>**<u>Number</u>** | **<u>Description</u>** |
| <u>[99.1](okta-08142025exh991.htm)</u> | Press release dated August 14, 2025, issued by Okta, Inc. |
| 104 | Cover Page Interactive Data File—the cover page XBRL tags are embedded within the Inline XBRL document |

---

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**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 14th day of August 2025.

---

| | |
|:---|:---|
| **Okta, Inc.** | **Okta, Inc.** |
| **By:** | <u>/s/ Larissa Schwartz</u> |
| **Name:** | Larissa Schwartz |
| **Title:** | Chief Legal Officer and Corporate Secretary |

---

## Exhibit 99.1

**Exhibit 99.1**

**Okta Names David Schellhase and Mary Agnes Wilderotter to Board of Directors**

**SAN FRANCISCO – August 14, 2025** – Okta, Inc. (Nasdaq: OKTA), the leading independent identity provider, today announced the appointment of David Schellhase and Mary Agnes (Maggie) Wilderotter to the company's board of directors, effective August 13, 2025.

"David and Maggie are proven advisors with a deep understanding of how to take growth companies like Okta to the next level in complex business and technology environments, much like we're seeing today," said Todd McKinnon, Okta CEO and Co-Founder. "Their insights will be invaluable as we accelerate Okta's role in securing AI, expand our identity market leadership, and continue to empower our customers to safely use any technology."

"Identity is critical to securing AI and there is a massive opportunity for Okta to extend its leadership in the market. Having spent much of my career working at the intersection of SaaS and corporate strategy, I've long admired Okta's growth into a pivotal role in securing the modern, cloud-based world. I look forward to joining the board of directors and contributing my experience to a company that is essential to how organizations securely operate and innovate," said Schellhase.

"It's an honor to join Okta's Board at such a dynamic time not just for the company but for the broader identity security landscape. Okta's commitment to innovation and clear vision for identity leadership are inspiring. I'm eager to contribute my experience to help steer the company's continued growth, expand its impact, and unlock even greater value for its customers and shareholders," said Wilderotter.

**About David Schellhase**

David Schellhase has been Entrepreneur-in-Residence at Ballistic Ventures, a venture capital firm dedicated to cybersecurity innovation, since July 2025. From November 2022 to January 2025, Mr. Schellhase was Of Counsel at Sullivan & Cromwell LLP, a global law firm, where he advised on a range of technology-focused corporate legal matters.

Mr. Schellhase has served as General Counsel at several publicly-traded companies, most recently at Slack Technologies, Inc., a provider of cloud-based collaboration tools, from December 2016 to August 2021. He served as General Counsel at Groupon, Inc. from June 2011 to January 2014, and at Salesforce, Inc. from July 2002 to May 2011. Mr. Schellhase served as Chief Operating Officer at Honest Work Corporation, a software company, from February 2015 until its acquisition by Twitter, Inc. in April 2016. He has also been an adjunct lecturer in the School of Management Science and Engineering at Stanford University.

**About Maggie Wilderotter**

Maggie Wilderotter is a seasoned board director and a senior advisor to corporations, private equity and venture firms. Ms. Wilderotter has served in numerous executive leadership roles, most recently as Chief Executive Officer and Chair of the Grand Reserve Inn from December 2016 to June 2023. From June through October 2022, she was the Interim Chief Executive Officer of DocuSign, Inc., a document management software company. Prior to joining DocuSign, Ms. Wilderotter held senior and management positions at Frontier Communications, a telecommunications company, including as Executive Chair of the board of directors from April 2015 to April 2016, Chair and Chief Executive Officer from January 2006 to April 2015, and President, Chief Executive Officer and director from 2004 to 2006. She previously served in senior leadership roles at Microsoft Corporation and Wink Communications, an interactive telecommunications and media company.

Ms. Wilderotter has served as a director on 50 corporate boards in her career. Today, she serves on the public boards of Sana Biotechnology, Inc., a biotechnology company, since May 2020; of DocuSign since March 2018 and as Board Chair since January 2019; and Costco Wholesale Corp., a wholesale retail company, since October 2015. Ms. Wilderotter also currently serves on two private company boards: Sonoma Biotherapeutics and Tanium.

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**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

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