AI brief of an SEC Form 8-K · Okta (OKTA)

Okta Adds David Schellhase and Maggie Wilderotter to Board, Expanding It to 10 Directors

Neutral Impact 2 of 5 leadership Written later

Okta, Inc. expanded its board from eight to ten directors and appointed David Schellhase as an independent director and Mary Agnes (Maggie) Wilderotter as a non-independent director, both effective August 13, 2025. The filing describes board committee assignments and standard non-employee director pay, but no financial results or changes to executive roles.

Key points

  • Board size increased from eight to ten directors, effective August 13, 2025.
  • Schellhase joins as an independent Class III director, serving until the 2026 annual meeting, and joins the Compensation and Nominating and Corporate Governance Committees.
  • Wilderotter joins as a non-independent Class II director, serving until the 2028 annual meeting, and joins the Cybersecurity Risk and M&A Committees.
  • Each director will receive annual board compensation of $35,000 and an initial grant of 5,826 RSUs vesting annually over three years.

The filing

CompanyOkta (OKTA)
Form8-K, current report
Filed with the SECAug 14, 2025, 4:09 PM ET
Accession number0001660134-25-000138

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:10 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 14, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.