The equity plan amendment is governance-neutral with a mildly positive structural change (removal of evergreen provision). No immediate trading catalyst. Monitor future equity grant disclosures for any changes in dilution trajectory.
Price Chart
Executive Summary
Okta stockholders approved an amendment to the 2017 Equity Incentive Plan at the 2026 annual meeting. The amendment removes the plan's termination date, eliminates the evergreen provision for automatic annual share increases, and ends liberal share recycling for stock options and stock appreciation rights. The plan now has a fixed reserve of 58,404,344 shares. This is a routine governance change with no material financial impact.
Key Facts
- Stockholders approved the amendment to the 2017 Equity Incentive Plan with ~70.6% of votes cast in favor (144,073,135 for, 59,915,901 against).
- The amendment removes the plan's termination date, allowing it to continue until terminated by the Board.
- The evergreen provision that automatically increased share reserves each year has been removed.
- Liberal share recycling for stock options and stock appreciation rights has been eliminated.
- The maximum number of shares reserved for issuance under the plan is fixed at 58,404,344 shares.
Financial Impact
No material financial impact. The amendment reduces potential future dilution by capping the share reserve and eliminating automatic annual increases and liberal recycling.
Risk Factors
- None material from this filing.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001660134-26-000054 |
| Document: okta-20260618.htm | 0001660134-26-000054 |
| Document: 0001660134-26-000054-index-headers.html | 0001660134-26-000054 |
| Document: 0001660134-26-000054-index.html | 0001660134-26-000054 |
| Document: 0001660134-26-000054.txt | 0001660134-26-000054 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 23, 2026 14w ago | 8-K | $118.58 $190.02 | ▲ +60.25% | ▲ +57.41% | $213.50 (+80.05%) |
May 28, 2026 18w ago | 8-K | $123.27 $130.97 | ▲ +6.25% | ▲ +5.06% | $213.50 (+73.20%) |
May 7, 2026 21w ago | DEFA14A | $83.85 $141.57 | ▲ +68.83% | ▲ +66.11% | $213.50 (+154.61%) |
Mar 23, 2026 27w ago | 8-K | $80.69 $116.27 | ▲ +44.09% | ▲ +29.60% | $213.50 (+164.58%) |
Mar 19, 2026 28w ago | Insider Cluster | $80.71 $117.58 | ▲ +45.68% | ▲ +31.34% | $213.50 (+164.52%) |
Mar 19, 2026 28w ago | Insider Cluster | $80.71 $117.58 | ▼ −45.68% | ▼ −31.34% | $213.50 (−164.52%) |
Mar 11, 2026 29w ago | 8-K | $78.63 $118.72 | ▲ +50.98% | ▲ +40.28% | $213.50 (+171.51%) |
Mar 4, 2026 30w ago | 8-K | $79.30 $139.79 | ▲ +76.27% | ▲ +64.97% | $213.50 (+169.22%) |
Feb 23, 2026 31w ago | Court Ruling | $69.51 $85.70 | ▼ −23.29% | ▼ −15.77% | $213.50 (−207.15%) |
US Market Status
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