Okta, Inc. Files 8-K on Operations and Other Events
Ticker: OKTA · Form: 8-K · Filed: Feb 4, 2025 · CIK: 1660134
| Field | Detail |
|---|---|
| Company | Okta, Inc. (OKTA) |
| Form Type | 8-K |
| Filed Date | Feb 4, 2025 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $11 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: 8-k, filing, operations
Related Tickers: OKTA
TL;DR
Okta filed an 8-K on Feb 4, 2025, covering operations and other events. Details TBD.
AI Summary
Okta, Inc. filed an 8-K on February 4, 2025, reporting on its results of operations and other events. The filing does not contain specific financial figures or details about the 'other events' at this stage, but it formally documents the reporting period and company information.
Why It Matters
This filing serves as an official notification to investors and the public about significant corporate events or financial updates from Okta, Inc.
Risk Assessment
Risk Level: low — This is a routine filing that provides general corporate information and does not disclose specific material events or financial results that would immediately impact risk.
Key Players & Entities
- Okta, Inc. (company) — Registrant
- February 4, 2025 (date) — Date of Report
- Delaware (jurisdiction) — State of Incorporation
- 001-38044 (company_id) — SEC File Number
- 26-4175727 (company_id) — I.R.S. Employer Identification Number
- 100 First Street, Suite 600 San Francisco, California 94105 (address) — Principal Executive Offices
- 888-722-7871 (phone_number) — Registrant's telephone number
FAQ
What specific "Results of Operations and Financial Condition" are being reported by Okta, Inc. in this 8-K?
The provided text indicates that 'Results of Operations and Financial Condition' is an item being reported, but it does not contain the specific financial details or results within this excerpt.
What are the 'Other Events' that Okta, Inc. is reporting on this 8-K filing?
The filing lists 'Other Events' as a reported item, but the specific nature of these events is not detailed in the provided text.
When was this 8-K filing submitted to the SEC?
The filing was submitted on February 4, 2025, as indicated by the 'Date of Report' and 'FILED AS OF DATE'.
What is Okta, Inc.'s principal executive office address?
Okta, Inc.'s principal executive offices are located at 100 First Street, Suite 600, San Francisco, California 94105.
What is Okta, Inc.'s SEC File Number?
Okta, Inc.'s SEC File Number is 001-38044.
Filing Stats: 737 words · 3 min read · ~2 pages · Grade level 13.5 · Accepted 2025-02-04 08:38:44
Key Financial Figures
- $0.0001 — stered Class A common stock, par value $0.0001 per share OKTA The Nasdaq Stock Market
- $11 million — es that it will recognize approximately $11 million of restructuring charges in the fourth
Filing Documents
- okta-20250204.htm (8-K) — 25KB
- 0001660134-25-000015.txt ( ) — 145KB
- okta-20250204.xsd (EX-101.SCH) — 2KB
- okta-20250204_lab.xml (EX-101.LAB) — 21KB
- okta-20250204_pre.xml (EX-101.PRE) — 12KB
- okta-20250204_htm.xml (XML) — 3KB
02 - Results of Operations and Financial Condition
Item 2.02 - Results of Operations and Financial Condition Okta, Inc. (the "Company") reaffirms its financial guidance for the fourth quarter and fiscal year ending January 31, 2025, as provided in a press release issued December 3, 2024, that was previously furnished as Exhibit 99.1 to the Company's Form 8-K filed with the Securities and Exchange Commission on December 3, 2024. The Company plans to issue its fourth quarter fiscal 2025 results after the market closes on March 3, 2025.
01 - Other Events
Item 8.01 - Other Events On February 4, 2025, the Company announced to its employees a restructuring plan intended to reallocate resources toward priorities to drive growth. The plan involves a reduction of the Company's workforce by approximately 180 full-time employees, or approximately 3%. In connection with the plan, the Company estimates that it will recognize approximately $11 million of restructuring charges in the fourth quarter of fiscal 2025 for future cash employee severance and benefits costs, which primarily will be paid in the first quarter of fiscal 2026. The Company also expects to record an insignificant adjustment to its stock-based compensation expense in the first quarter of fiscal 2026 related to equity compensation for employees who were terminated. The Company intends to exclude the charges associated with the plan from its non-GAAP financial measures. This current report on Form 8-K contains forward-looking statements, which are any predictions, projections or other statements about future events based on current expectations and assumptions that are subject to risks and uncertainties, which are described in our filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations. The information furnished in the current report on Form 8-K shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act regardless of any general incorporation language in such filings, unless expressly incorporated by specific reference in such filing. SIGNATURE Pursuant to the requirements of the Se