secwatch.observer — SEC 8-K summary
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Issuer:     Okta, Inc. (OKTA)
CIK:        0001660134
Form:       8-K
Filed at:   2025-08-14T23:59:59+00:00
Accession:  0001660134-25-000138
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Okta expands board from 8 to 10; appoints David Schellhase and Maggie Wilderotter
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- Okta expands board from 8 to 10; appoints David Schellhase (independent) and Mary Agnes Wilderotter (non-independent) effective Aug 13, 2025.
- Schellhase serves as Class III director until 2026 annual meeting; Wilderotter as Class II until 2028 meeting.
- Schellhase joins Compensation and Nominating & Governance committees; Wilderotter joins Cybersecurity Risk and M&A committees.
- New directors receive standard compensation: $35k annual cash retainer and initial RSU grant of 5,826 shares vesting over three years.
- Wilderotter previously received $100k cash retainer and 4,935 RSUs ($400k value) for advisory services in FY2025; no reportable transactions with Schellhase.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1660134/000166013425000138/0001660134-25-000138-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1660134/000166013425000138/okta-20250811.htm
  HTML page:      https://secwatch.observer/filing/0001660134-25-000138

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