San Francisco, January 5, 2026
Octa Co., Ltd. (NASDAQ: OKTA), recognized as a key player in the independent identity sector, has revealed that its board of directors has greenlighted a stock repurchase initiative allowing for the purchase of up to $1 billion of Class A common stock, effective immediately. This step underscores Okta’s belief in its business model, its view of potential long-term growth, and a perception that its stock is currently undervalued. Given its size, financial health, and consistent free cash flow, Okta feels well-positioned to return capital to shareholders while still investing in future growth. The company plans to fund this repurchase using its existing cash reserves along with operations-generated cash flow.
Under this program, repurchases may occur in the open market or through private negotiations, with the timing and amount dependent on Okta’s assessment of market conditions and their internal needs. The open market repurchase will align with relevant federal securities laws, particularly the stipulations under Rule 10b-18 of the Securities Exchange Act of 1934. There may also be instances where Okta utilizes Rule 10b5-1 plans to facilitate its stock repurchase activities. This program lacks an expiration date, does not require Okta to acquire a specific amount of Class A common stock, and can be amended or halted at the discretion of the board at any time.
About Octa
Okta, Inc. positions itself as The World’s Identity Company™, striving to protect identities so users can navigate technology securely and freely. Their solutions for customers and employees empower businesses and developers to utilize the advantages of identity, enhancing security, improving efficiency, and driving success while safeguarding users, staff, and partners.
Forward-looking statements
This announcement includes “forward-looking statements” as defined by the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. This covers, among other things, insights into the company’s financial outlook, strategic plans, market trends, and the expected outcomes of its stock repurchase program. Such statements are grounded in current expectations and estimates. Words like “expect,” “believe,” and similar phrases are indicators of these forward-looking statements but may not always explicitly include them. It’s crucial to note that these predictions come with various risks and uncertainties, some of which are beyond the company’s realm of control. For instance, global economic shifts might reduce product demand. Cybersecurity incidents have impacted both the company and its third-party providers in the past, with potential for recurrence. There are challenges in sustaining growth experienced in previous periods, and the company’s financial capacity may not be enough to strengthen its competitive edge. Moreover, attracting new customers or upselling to existing ones has become more difficult recently. There could be interruptions or performance shortcomings with technology services. Compliance with privacy and security regulations has also posed challenges in the past, and such issues might arise again. Lastly, meeting the anticipated synergies from recent business acquisitions could prove difficult, and there’s uncertainty about repaying convertible bonds on time. More detailed information regarding factors that might impact financial results can be found in the company’s latest quarterly report on Form 10-Q and other filings with the Securities and Exchange Commission. The statements conveyed here reflect the company’s views as of the press release date, and there is no obligation to update these insights afterward.
