Derivative Lawsuit
-
Notice of Proposed Settlement in Derivative Action
Okta, Inc. (NYSE:OKTA) announced a proposed settlement for derivative matters, featuring corporate governance reforms and internal controls approved by the Board Settlement Review Committee. A Settlement Hearing is set for October 24, 2025. The settlement includes $2.25 million for legal fees, pending court approval. Stockholders as of June 26, 2025, can object by filing written objections 14 days prior to the hearing. The settling parties believe the reforms provide substantial benefits to Okta and its stockholders.
