SCHEDULE: FMR LLC Discloses 9.7% Stake in Okta Inc.

FMR LLC and Abigail P. Johnson have reported a 9.7% beneficial ownership stake in Okta Inc.'s Class A Common Stock as of June 30, 2025.

Summary

• FMR LLC and Abigail P. Johnson have filed an Amendment No. 4 to Schedule 13G, disclosing their beneficial ownership in Okta Inc.'s Class A Common Stock.
• As of June 30, 2025, FMR LLC and Abigail P. Johnson collectively beneficially own 16,220,815.96 shares of Okta Inc. Class A Common Stock.
• This aggregate amount represents 9.7% of the outstanding Class A Common Stock.
• FMR LLC holds sole voting power over 15,028,232.71 shares and sole dispositive power over 16,220,815.96 shares.
• Abigail P. Johnson, as Director, Chairman, and CEO of FMR LLC, is deemed to beneficially own the same aggregate amount of shares, with sole dispositive power over 16,220,815.96 shares.
• The filing indicates that one or more other persons have the right to receive or direct dividends or proceeds from the sale of these securities, but no single other person's interest exceeds five percent of the total outstanding Class A Common Stock.
• Several FMR LLC subsidiaries and affiliates, including Fidelity Management & Research Company LLC, are identified as entities beneficially owning shares, with Fidelity Management & Research Company LLC owning 5% or greater of the outstanding shares.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive. While a Schedule 13G is a factual disclosure of ownership and not a performance report, a significant stake by a major institutional investor like FMR LLC can be perceived as a strong vote of confidence in the company's value and future prospects, which is generally a positive signal for the market.

Positives

• The disclosure of a significant 9.7% stake by a major institutional investor like FMR LLC and its principal, Abigail P. Johnson, can be interpreted as a vote of confidence in Okta Inc.'s long-term prospects and strategic direction.

Future Outlook

This filing is a disclosure of current beneficial ownership and does not contain forward-looking statements or guidance regarding Okta Inc.'s future performance or strategic outlook.

Industry Context

This filing is a routine disclosure required when an institutional investor's beneficial ownership in a public company crosses a certain threshold (typically 5%). It indicates a significant investment by a prominent asset manager, FMR LLC (Fidelity), in Okta Inc., a leading provider of identity and access management solutions. Such disclosures are closely watched by the market as they can signal institutional confidence in a company within the broader software and cybersecurity industry.

Corporate Governance

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake by FMR LLC may instill greater confidence among existing shareholders and potentially attract new investors, positively influencing market perception and share price.

Key Dates

Keywords

Okta, FMR LLC, Abigail P. Johnson, Beneficial Ownership, Schedule 13G, Institutional Investor, Class A Common Stock, Software, Cybersecurity, Identity Management