Form 4: Oklo Co-Founder and CEO Jacob DeWitte Gifts 600,000 Shares of Class A Common Stock

Oklo Inc. Co-Founder and CEO Jacob DeWitte reported a gift of 600,000 shares of Class A Common Stock to a donor-advised fund, as permitted by a pre-existing lock-up agreement.

Summary

• Jacob DeWitte, Co-Founder, CEO, Director, and 10% Owner of Oklo Inc. (OKLO), reported a transaction involving Class A Common Stock.
• On June 24, 2025, Mr. DeWitte gifted a total of 600,000 shares of Class A Common Stock.
• The gift consisted of 300,000 shares from his direct beneficial ownership and 300,000 shares from indirect beneficial ownership held by his spouse, Caroline Cochran.
• The shares were gifted to a donor-advised fund at a price of $0 per share.
• This transaction was explicitly permitted by a lock-up agreement dated June 12, 2025, between Mr. DeWitte and Goldman Sachs & Co. LLC and BofA Securities, Inc.
• Following the transaction, Mr. DeWitte's direct beneficial ownership stands at 10,405,098 shares of Class A Common Stock.
• Indirect beneficial ownership includes 10,102,108 shares held by Caroline Cochran, 2,000,000 shares held by Jacob DeWitte GRAT, and 2,000,000 shares held by Caroline Cochran GRAT.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. While it reduces direct ownership, it's a gift (not a sale) and was pre-planned and compliant with a lock-up agreement, which is a positive for corporate governance.

Positives

• The transaction, a gift of shares, does not represent a sale into the market, thus avoiding direct selling pressure on the stock.
• The gift was made in compliance with a pre-existing lock-up agreement, demonstrating adherence to prior commitments with underwriters.

Negatives

• The transaction reduces the direct beneficial ownership of a key insider, Jacob DeWitte, by 300,000 shares.

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 details an insider transaction specific to Oklo Inc. and does not provide broader industry context or trends. Insider gifts are common for estate planning or charitable purposes and are not typically indicative of industry-wide shifts.

Stakeholder Impact

• Shareholders: The transaction changes the beneficial ownership structure of a key insider but does not directly impact the company's operational or financial performance. As a gift, it does not create market selling pressure.
• Employees: No direct impact on employees is indicated by this filing.
• Customers: No direct impact on customers is indicated by this filing.
• Suppliers: No direct impact on suppliers is indicated by this filing.
• Creditors: No direct impact on creditors is indicated by this filing.

Key Dates

Keywords

Oklo Inc., OKLO, Jacob DeWitte, Insider Transaction, Form 4, Stock Gift, Beneficial Ownership, Lock-Up Agreement, Class A Common Stock