---
schema_version: "secwatch.filing_event.v1"
accession: "0001660134-26-000003"
form_type: "8-K"
ticker: "OKTA"
cik: "0001660134"
company_name: "Okta, Inc."
filed_at: "2026-01-05T23:59:59+00:00"
generated_at: "2026-05-16T11:40:31.285150+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Okta announces $1B share repurchase program, cites undervaluation

## Summary
- Board authorized up to $1 billion in Class A common stock repurchases, effective immediately.
- Program funded with existing cash and cash from operations; no fixed expiration date.
- Repurchases may be made in open market or private deals; may use Rule 10b5-1 plans.
- Program can be modified, suspended, or terminated at board's discretion at any time.
- Management states confidence in business, long-term opportunities, and view shares are undervalued.

## SEC filing metadata
- accession: 0001660134-26-000003
- form_type: 8-K
- ticker: OKTA
- cik: 0001660134
- company_name: Okta, Inc.
- filed_at: 2026-01-05T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1660134/000166013426000003/0001660134-26-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1660134/000166013426000003/okta-20260105.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001660134-26-000003
- JSON: https://secwatch.observer/filing/0001660134-26-000003.json
- Plain text: https://secwatch.observer/filing/0001660134-26-000003.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.