secwatch.observer — SEC 8-K summary
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Issuer:     Okta, Inc. (OKTA)
CIK:        0001660134
Form:       8-K
Filed at:   2025-02-04T23:59:59+00:00
Accession:  0001660134-25-000015
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Okta reaffirms Q4/FY25 guidance; announces ~3% workforce reduction (~180 employees), $11M restructuring charges
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- Reaffirms Q4 and FY2025 financial guidance as provided on Dec 3, 2024; results to be reported March 3, 2025.
- Announces restructuring plan on Feb 4, 2025, cutting ~180 full-time employees (~3% of workforce).
- Expects ~$11M in restructuring charges in Q4 FY2025 for severance and benefits, mostly paid in Q1 FY2026.
- Excludes restructuring charges from non-GAAP measures; insignificant stock-based comp adjustment in Q1 FY2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1660134/000166013425000015/0001660134-25-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1660134/000166013425000015/okta-20250204.htm
  HTML page:      https://secwatch.observer/filing/0001660134-25-000015

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