Okta stockholders approve 2017 equity plan amendment and re-elect two directors
At its June 18, 2026 annual meeting, Okta's stockholders approved an amendment to the 2017 Equity Incentive Plan that removes the plan's termination date, its automatic annual share increase (evergreen provision), and liberal share recycling for stock options and stock appreciation rights. Stockholders also re-elected Anthony Bates and David Schellhase as Class III directors and ratified Ernst & Young LLP as auditor for the fiscal year ending January 31, 2027.
Key points
- Stockholders approved the 2017 Equity Incentive Plan amendment: 144,073,135 for, 59,915,901 against, 124,413 abstain
- Amendment removes the evergreen provision, which had provided for automatic annual increases to reserved Class A common stock shares
- Anthony Bates and David Schellhase elected as Class III directors through the 2029 annual meeting; Ernst & Young LLP ratified as auditor
- Advisory say-on-pay vote approved: 154,747,380 for, 49,257,140 against
The filing
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 June 23, 2026.
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.