Form 8-K · Current Report · Filed 2026-01-05
Okta Announces $1 Billion Share Repurchase Program
On January 5, 2026, Okta, Inc. announced that its board of directors approved a share repurchase program authorizing up to $1 billion of its Class A Common Stock. This program, effective immediately, reflects Okta's confidence in its business and the belief that its shares are undervalued. Repurchases can be made in the open market or through private transactions, subject to market conditions and corporate needs, and will comply with Rule 10b-18. The program does not have a fixed expiration date and can be modified, suspended, or terminated by Okta's board of directors at any time.
- Filer
- Okta Inc. OKTA · NASDAQ
- Filed
- Accession
- 0001660134-26-000003
- CIK
- 0001660134
- Signal
- High impactTechnology
- Source
- Official filing on sec.gov ↗
Items reported
Reported Item
Market reaction
Close before filing
$83.64
Next session
+8.0%
Since filing
+69.7%
Latest close
$141.93
What happened, not what will happen — closing prices around the filing date.
About Okta Inc.
Okta Inc. is a leading provider of identity and access management solutions, enabling organizations to securely connect the right people to the right technologies at the right time. Founded in 2009, Okta serves a wide range of industries including healthcare, financial services, technology, and government, providing seamless and secure interactions between users and their increasingly complex IT environments. One of Okta's core offerings is its cloud-based platform, which helps manage and secure user authentication and access across applications, integrating with numerous enterprise systems and services. The platform's versatility supports single sign-on, multi-factor authentication, and API security, enhancing productivity and security simultaneously. Based in San Francisco, California, Okta plays a significant role in the growing cybersecurity and tech ecosystem by addressing the critical need for robust identity management solutions in a digitally evolving world. Its innovative products and services meet the demands of digital transformation, offering organizations the ability to optimize workforce efficiency while ensuring rigorous security measures.
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