Okta Files 8-K on Financial Condition & Other Events

Ticker: OKTA · Form: 8-K · Filed: 2024-02-01T00:00:00.000Z

Sentiment: neutral

Topics: corporate-governance, regulatory-filing

TL;DR

**Okta filed a routine 8-K, confirming its corporate details and reporting compliance.**

AI Summary

Okta, Inc. filed an 8-K on February 1, 2024, to report its financial condition and other events. This filing confirms Okta's status as a Delaware-incorporated company with its Class A common stock, par value $0.0001 per share, traded on The Nasdaq Stock Market LLC under the symbol OKTA. This matters to investors because it's a routine but essential disclosure, confirming the company's operational and financial reporting compliance, which is a baseline expectation for any publicly traded stock.

Why It Matters

This filing is a standard disclosure, confirming Okta's adherence to SEC reporting requirements and providing basic company identification details for investors.

Risk Assessment

Risk Level: low — This 8-K is a standard, informational filing with no new material financial or operational disclosures that would introduce significant risk.

Analyst Insight

A smart investor would note this as a routine compliance filing, confirming basic company information, but would look for more detailed financial reports (like 10-K or 10-Q) for substantive investment decisions.

Key Numbers

Key Players & Entities

FAQ

What is the purpose of this 8-K filing by Okta, Inc.?

The 8-K filing by Okta, Inc. on February 1, 2024, is for 'Results of Operations and Financial Condition' and 'Other Events,' indicating a routine disclosure of financial status and other relevant corporate updates.

On what date was the earliest event reported in this 8-K filing?

The date of the earliest event reported in this 8-K filing is February 1, 2024.

Where is Okta, Inc. incorporated?

Okta, Inc. is incorporated in Delaware, as stated in the filing under 'State or other jurisdiction of incorporation or organization'.

What is the trading symbol and the exchange for Okta, Inc.'s Class A common stock?

Okta, Inc.'s Class A common stock trades under the symbol OKTA on The Nasdaq Stock Market LLC, as listed under 'Securities registered pursuant to Section 12(b) of the Act'.

What is the par value per share for Okta, Inc.'s Class A common stock?

The par value per share for Okta, Inc.'s Class A common stock is $0.0001 per share, as specified in the filing under 'Title of each class'.

From the Filing

0001660134-24-000005.txt : 20240201 0001660134-24-000005.hdr.sgml : 20240201 20240201083900 ACCESSION NUMBER: 0001660134-24-000005 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240201 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Other Events FILED AS OF DATE: 20240201 DATE AS OF CHANGE: 20240201 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Okta, Inc. CENTRAL INDEX KEY: 0001660134 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology IRS NUMBER: 264175727 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38044 FILM NUMBER: 24585148 BUSINESS ADDRESS: STREET 1: 100 FIRST STREET STREET 2: SUITE 600 CITY: SAN FRANCISCO STATE: CA ZIP: 94105 BUSINESS PHONE: 888-722-7871 MAIL ADDRESS: STREET 1: 100 FIRST STREET STREET 2: SUITE 600 CITY: SAN FRANCISCO STATE: CA ZIP: 94105 8-K 1 okta-20240201.htm 8-K okta-20240201 false 0001660134 0001660134 2024-02-01 2024-02-01 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________ FORM 8-K ___________________________________ CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (date of earliest event reported) February 1, 2024 ___________________________________ Okta, Inc. (Exact name of registrant as specified in its charter) ___________________________________ Delaware 001-38044 26-4175727 (State or other jurisdiction of incorporation or organization) (Commission File Number) (I.R.S. Employer Identification Number) 100 First Street, Suite 600 San Francisco , California 94105 (Address of principal executive offices) ( 888 ) 722-7871 (Registrant's telephone number, including area code) ___________________________________ ___________________________________ (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Class A common stock, par value $0.0001 per share OKTA The Nasdaq Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company     ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ 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, 2024, as provided in a press release issued November 29, 2023, that was previously furnished as Exhibit 99.1 to the Company’s Form 8-K filed with the Securities and Exchange Commission on November 29, 2023. The Company plans to issue its fourth quarter fiscal 2024 results after the market closes on February 28, 2024. Item 8.01 - Other Events On February 1, 2024, the Company announced to its employees a restructuring plan intended to improve operating effic

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