Okta, Inc. Stockholders Approve Amendment to 2017 Equity Incentive Plan

Details

The amendment, which became effective immediately following stockholder approval, removes the termination date, the evergreen provision that provided for automatic annual increases to the shares of Class A common stock reserved for issuance, and liberal share recycling for stock options and stock appreciation rights. The amendment was approved by 144,073,135 votes in favor, 59,915,901 votes against, 124,413 abstaining, and 20,320,883 broker non-votes.

Items reported

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.