Okta Appoints New Directors and Announces Director Resignation

Okta, Inc. announced on December 18, 2025, the expansion of its Board of Directors from 10 to 11 members with the appointment of Rob Bernshteyn and Paul Sagan as independent directors, effective December 19, 2025. Mr. Bernshteyn joins as a Class II director until the 2028 Annual Meeting of Stockholders and will serve on the Audit Committee and Cybersecurity Risk Committee. Mr. Sagan joins as a Class I director until the 2027 Annual Meeting of Stockholders and will serve on the Compensation Committee and Nominating Committee. Both will participate in the company's standard non-employee director compensation, receiving $35,000 annually and a grant of 5,876 restricted stock units vesting over three years. Concurrently, Mary Agnes (Maggie) Wilderotter resigned from the Board on December 15, 2025, due to unforeseen reasons, not related to disagreements with the company. Mr. Bernshteyn brings extensive experience in the business software industry, including his tenure as CEO of Coupa Software. Mr. Sagan has a background in venture capital and previously held leadership roles at Akamai Technologies, including CEO. Both new directors are expected to contribute to Okta's growth, particularly in the context of AI and identity security.