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Get filing alertsOkta Chief Legal Officer Larissa Schwartz to depart July 31, 2026
Filed April 22, 2026 · Period ending April 21, 2026 · ~1 min read
Key Changes
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Chief Legal Officer and Corporate Secretary Larissa Schwartz will leave her role effective July 31, 2026, then serve as senior advisor through January 31, 2027 in a planned transition.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
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Schwartz will receive her current base salary through July 31, then $21,483 monthly as advisor through January 2027, with continued benefits and equity vesting throughout.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
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She will receive nine months base salary as severance, subject to signing a release of claims.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
Summary
Okta disclosed a planned leadership transition in its legal department. Chief Legal Officer and Corporate Secretary Larissa Schwartz will step down from her current role on July 31, 2026, but will remain with the company as a senior advisor through January 31, 2027. This six-month advisory period provides continuity during the handoff. The departure appears structured and orderly rather than abrupt.
Schwartz will continue receiving her current salary through July, then $21,483 monthly during the advisory period, with benefits and equity vesting maintained throughout. She will also receive a standard nine-month severance package upon final separation, contingent on signing a release of claims. The filing does not announce a successor, which investors should watch for in coming months.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
Show 2 minor / wording changes
Added in current filing · verify on EDGAR →
she will (i) continue employment in her current role through July 31, 2026 and be paid her current annual base salary and (ii) thereafter continue employment as a senior advisor to the Company through January 31, 2027 and be paid a base salary of $21,483 per month. During her continued employment through January 31, 2027, Ms. Schwartz will also continue to be eligible for benefits and vest into Company equity awards in accordance with their terms.
Ms. Schwartz will receive her current base salary through July 31, 2026, then $21,483 per month as a senior advisor through January 31, 2027. She retains benefits and equity vesting throughout this period. This six-month advisory arrangement provides continuity during the leadership transition.
Added in current filing · verify on EDGAR →
Ms. Schwartz will be eligible to receive a lump-sum severance payment equal to nine months of her current base salary, subject to her execution and non-revocation of a release of claims.
The departing CLO will receive a lump-sum severance equal to nine months of her current base salary, contingent on signing a release of claims. This is a standard executive separation package for a planned departure.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 25, 2026 · How we verify