SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose 12.6% Stake in Okta Inc.

FMR LLC and Abigail P. Johnson have filed an amended Schedule 13G, revealing a beneficial ownership of 12.6% of Okta Inc.'s Class A Common Stock as of March 31, 2025.

Summary

• FMR LLC and Abigail P. Johnson, through various affiliated entities, collectively beneficially own 20,920,755 shares of Okta Inc.'s Class A Common Stock.
• This aggregate amount represents 12.6% of the total outstanding Class A Common Stock of Okta Inc.
• FMR LLC holds sole voting power over 19,485,705.86 shares and sole dispositive power over 20,920,755.00 shares.
• Abigail P. Johnson holds sole dispositive power over 20,920,755.00 shares, with no sole or shared voting power.
• The filing states that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Okta Inc.
• The filing is an Amendment No. 3 to the Schedule 13G, indicating previous filings for this stake.
• Fidelity Management & Research Company LLC is identified as an entity beneficially owning 5% or greater of the outstanding shares within the FMR LLC group.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership, providing no positive or negative operational or financial performance information about Okta Inc.

Positives

• A significant stake (12.6%) held by a major institutional investor like FMR LLC (Fidelity) can be perceived as a vote of confidence in Okta Inc.'s long-term prospects.
• The disclosure confirms that the investment is for ordinary course of business purposes, not for control, which suggests a passive, long-term investment strategy.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of a significant passive investment by a major asset manager in a publicly traded technology company. It does not provide insights into Okta Inc.'s operational performance or industry trends, but rather reflects an investment decision by FMR LLC within the identity and access management software sector.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake may influence investor perception and potentially share price, signaling institutional confidence in Okta Inc.

Key Dates

Keywords

Okta Inc., FMR LLC, Abigail P. Johnson, Schedule 13G, beneficial ownership, Class A Common Stock, institutional investor, SEC filing, Fidelity