secwatch.observer — SEC 8-K summary
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Issuer:     Okta, Inc. (OKTA)
CIK:        0001660134
Form:       8-K
Filed at:   2026-01-05T23:59:59+00:00
Accession:  0001660134-26-000003
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Okta announces $1B share repurchase program, cites undervaluation
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1660134/000166013426000003/0001660134-26-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1660134/000166013426000003/okta-20260105.htm
  HTML page:      https://secwatch.observer/filing/0001660134-26-000003

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer