Business
Okta Announces $1 Billion Share Repurchase Program
SAN FRANCISCO, January 05, 2026--Okta, Inc. (Nasdaq: OKTA), the leading independent identity partner, today announced that its board of directors approved a share repurchase program with authorization to purchase up to $1 billion of its Class A Common Stock, effective immediately. This program underscores Okta’s confidence in its business, conviction in its significant long-term opportunities, and view that its shares are undervalued. Okta’s scale, balance sheet, and proven ability to generate c
About this update from Okta, Inc.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":252,"url":"https://media.zenfs.com/en/business-wire.com/93f509870db6c70ab82b581c5cd6dcfe"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/gY0LIBcAf.2s.jCexSB6mg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTUwNDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/93f509870db6c70ab82b581c5cd6dcfe","width":480,"height":252}},"lazy":false},{"type":"text","content":"SAN FRANCISCO, January 05, 2026--(BUSINESS WIRE)--Okta, Inc. (Nasdaq: OKTA), the leading independent identity partner, today announced that its board of directors approved a share repurchase program with authorization to purchase up to $1 billion of its Class A Common Stock, effective immediately. This program underscores Okta’s confidence in its business, conviction in its significant long-term opportunities, and view that its shares are undervalued. Okta’s scale, balance sheet, and proven ability to generate consistent free cash flow allow it to opportunistically return capital to shareholders, while also investing for durable long-term growth. Okta expects to fund repurchases with existing cash balances and cash flow from operations.","length":746,"tagName":"p"},{"type":"text","content":"Repurchases under the program may be made in the open market, in privately negotiated transactions, or otherwise, with the amount and timing of repurchases to be determined at Okta’s discretion, depending on market conditions and corporate needs. Open market repurchases will be structured to occur in accordance with applicable federal securities laws, including within the pricing and volume requirements of Rule 10b-18 under the Securities Exchange Act of 1934, as amended. Okta may also, from time to time, enter into Rule 10b5-1 plans to facilitate repurchases of its shares under this authorization. This program does not have a fixed expiration date, does not obligate Okta to acquire any particular amount of Class A Common Stock, and may be modified, suspended, or terminated at any time at the discretion of Okta’s board of directors.","length":844,"tagName":"p"},{"type":"text","content":"About Okta","length":10,"tagName":"p"},{"type":"text","content":"Okta, Inc. is The World’s Identity Company™. We secure identity, so everyone is free to safely us...