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EX-2.1 - EX-2.1 - Okta, Inc.d145794dex21.htm
8-K - 8-K - Okta, Inc.d145794d8k.htm

Exhibit 5.1

 

      140 Scott Drive
      Menlo Park, California  94025
      Tel: +1.650.328.4600  Fax: +1.650.463.2600
      www.lw.com
LOGO    FIRM / AFFILIATE OFFICES
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May 10, 2021       Düsseldorf   San Diego
      Frankfurt   San Francisco
      Hamburg   Seoul
      Hong Kong   Shanghai
      Houston   Silicon Valley
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      Milan  

Okta, Inc.

100 First Street, Suite 600

San Francisco, CA 94105

 

  Re:

Registration Statement on Form S-3 (No. 333-230289); 20,421,669 shares of Class A common stock

Ladies and Gentlemen:

We have acted as special counsel to Okta, Inc. a Delaware corporation (the “Company”), in connection with the resale from time to time by the selling stockholders named in the Prospectus Supplement (as defined below) of 20,421,669 shares of Class A common stock, par value $0.0001 per share (the “Shares”). The resale of the Shares is being registered pursuant to a registration statement on Form S-3 under the Securities Act of 1933, as amended (the “Act”), filed with the Securities and Exchange Commission (the “Commission”) on March 14, 2019 (Registration No. 333-230289) (the “Registration Statement”), a base prospectus dated March 14, 2019 included in the Registration Statement at the time it originally became effective (the “Base Prospectus”), and a prospectus supplement dated May 10, 2021 filed with the Commission pursuant to Rule 424(b) under the Act (the “Prospectus Supplement,” and together with the Base Prospectus, the “Prospectus”).

This opinion is being furnished in connection with the requirements of Item 601(b)(5) of Regulation S-K under the Act, and no opinion is expressed herein as to any matter pertaining to the contents of the Registration Statement or the Prospectus, other than as expressly stated herein with respect to the issue of the Shares.

As such counsel, we have examined such matters of fact and questions of law as we have considered appropriate for purposes of this letter. With your consent, we have relied upon certificates and other assurances of officers of the Company and others as to factual matters without having independently verified such factual matters. We are opining herein as to the General Corporation Law of the State of Delaware (the “DGCL”), and we express no opinion with respect to any other laws.


May 10, 2021

Page 2

 

LOGO

 

Subject to the foregoing and the other matters set forth herein, it is our opinion that, as of the date hereof, the Shares have been duly authorized by all necessary corporate action of the Company and are validly issued, fully paid and nonassessable.

This opinion is for your benefit in connection with the Prospectus Supplement and may be relied upon by you and by persons entitled to rely upon it pursuant to the applicable provisions of the Act. We consent to your filing this opinion as an exhibit to the Company’s Current Report on Form 8-K dated May 10, 2021 and to the reference to our firm contained in the Prospectus Supplement under the heading “Legal Matters.” In giving such consent, we do not thereby admit that we are in the category of persons whose consent is required under Section 7 of the Act or the rules and regulations of the Commission thereunder.

 

Very truly yours,
/s/ Latham & Watkins LLP