01—Abstract
Summary
Summary of the 8-K filed April 22, 2026. Cited figures are marked; the original filing is the authoritative source.
Okta, Inc. filed a Form 8-K on April 22, 2026, to disclose that Larissa Schwartz intends to leave her role as Chief Legal Officer and Corporate Secretary effective July 31, 2026.
The filing states that the Company and Ms. Schwartz entered into a transition and separation agreement dated April 21, 2026, under which she will remain in her current role through July 31, 2026, at her current annual base salary. After that date, she will serve as a senior advisor through January 31, 2027, at a base salary of $21,483a per month. During this advisory period she will continue to be eligible for benefits and to vest in Company equity awards under their existing terms.
She will also be eligible for a lump-sum severance payment equal to nine months of her current base salary, subject to executing and not revoking a release of claims. The 8-K is a limited leadership-transition disclosure under Item 5.02.
It contains no financial results or guidance. The complete separation agreement is to be filed as an exhibit to the Company's Form 10-Q for the quarter ending April 30, 2026.
02—Key points
Key Highlights
- Chief Legal Officer and Corporate Secretary Larissa Schwartz intends to leave her role effective July 31, 2026.
- Ms. Schwartz will remain in her current role through July 31, 2026, at her current annual base salary.
- She will then serve as a senior advisor through January 31, 2027, at a base salary of $21,483 per month.
- During the advisory period she remains eligible for benefits and continues to vest in Company equity awards under their terms.
- She is eligible for a lump-sum severance payment equal to nine months of her current base salary, subject to a release of claims.
- The transition and separation agreement is dated April 21, 2026, and the full agreement will be filed with the Form 10-Q for the quarter ending April 30, 2026.
03—Questions
Frequently Asked Questions
Who is leaving Okta and what roles are affected?
Larissa Schwartz, who serves as Chief Legal Officer and Corporate Secretary, intends to leave both roles effective July 31, 2026, according to the filing.
What will Ms. Schwartz do after her departure from the CLO role?
The filing states she will continue employment as a senior advisor to the Company through January 31, 2027, at a base salary of $21,483 per month.
What severance will Ms. Schwartz receive?
She will be eligible for a lump-sum severance payment equal to nine months of her current base salary, conditioned on executing and not revoking a release of claims.
Will Ms. Schwartz continue to receive equity vesting?
Yes. During her continued employment through January 31, 2027, she will continue to vest into Company equity awards in accordance with their terms.
Where can investors find the full terms of the separation agreement?
The filing states the complete agreement will be filed as an exhibit to the Company's Quarterly Report on Form 10-Q for the quarter ending April 30, 2026.
04—Continue