Form 4: Oklo CEO Jacob DeWitte Sells Over 598,000 Shares Under Pre-Arranged Trading Plan

Oklo Inc. Co-Founder and CEO Jacob DeWitte, along with his spouse, sold a combined 598,000 shares of Class A Common Stock on June 30, 2025, through a pre-established Rule 10b5-1 trading plan.

Summary

• Jacob DeWitte, Co-Founder, CEO, Director, and 10% Owner of Oklo Inc., reported sales of Class A Common Stock.
• On June 30, 2025, DeWitte directly sold a total of 299,000 shares across four transactions.
• The direct sales occurred at weighted average prices ranging from $54.5516 to $56.9497.
• Specifically, 110,463 shares were sold at $54.5516, 129,429 shares at $55.3183, 57,471 shares at $56.0853, and 2,637 shares at $56.9497.
• An additional 299,000 shares were indirectly sold by Caroline Cochran, DeWitte's spouse, on the same date, at the same weighted average prices.
• These sales were executed pursuant to a Rule 10b5-1 plan adopted on March 31, 2025.
• Following these transactions, Jacob DeWitte beneficially owns 10,105,098 shares directly and 9,802,108 shares indirectly through Caroline Cochran, plus 2,000,000 shares indirectly through Jacob DeWitte GRAT and 2,000,000 shares indirectly through Caroline Cochran GRAT.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While insider selling can sometimes be viewed negatively, the explicit mention of a Rule 10b5-1 plan indicates these were pre-scheduled transactions, which typically mitigates concerns about management's confidence in the company's future.

Positives

• The sales were conducted under a Rule 10b5-1 plan, indicating they were pre-scheduled and not based on new, non-public information, which can mitigate negative market perception of insider selling.
• The shares were sold at relatively high prices, ranging from $53.83 to $57.20, reflecting a strong valuation for the company's stock at the time of sale.

Negatives

• Significant insider selling by a key executive and 10% owner, even if pre-planned, reduces the direct equity stake of management in the company.

Risks

• While executed under a 10b5-1 plan, large insider sales can sometimes be misinterpreted by the market as a lack of confidence, potentially leading to negative short-term stock price movements.
• A reduction in direct insider ownership could be perceived as a decrease in alignment between management and shareholder interests, although substantial beneficial ownership remains.

Future Outlook

The document does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This Form 4 filing is a routine disclosure of insider stock transactions and does not provide broader industry context or trends. It reflects an individual executive's pre-planned stock sales within the nuclear energy or advanced reactor industry.

Related Party Transactions

• Sales of 299,000 shares were indirectly conducted by Caroline Cochran, the reporting person's spouse, which are considered beneficially owned by Jacob DeWitte.

Stakeholder Impact

• Shareholders: May observe a reduction in direct insider ownership, though the pre-planned nature of the sales under a 10b5-1 plan typically lessens concerns about management's confidence.
• Employees, Customers, Suppliers, Creditors: No direct impact is indicated by this filing, as it pertains solely to insider stock transactions.

Key Dates

Keywords

Oklo Inc., OKLO, Jacob DeWitte, Insider Trading, Form 4, SEC Filing, Stock Sale, 10b5-1 Plan, Class A Common Stock, Beneficial Ownership