Form 4: Oklo Inc. Insider Michael Klein Reports Share Distribution Following Business Combination

Michael Klein, a director and 10% owner of Oklo Inc., reports a pro rata distribution of 13,450,000 common shares following the company's business combination.

Summary

• Michael Klein, a director and 10% owner of Oklo Inc., reported a transaction involving the distribution of shares.
• The distribution occurred following the business combination of AltC Acquisition Corp. with Oklo Inc., which closed on May 9, 2024.
• Klein received 13,450,000 common shares as part of a pro rata distribution from AltC Sponsor LLC.
• No consideration was paid in connection with this share distribution.
• Klein also indirectly owns 500,000 shares through M. Klein Associates, Inc. and Allies Capital Corp., and 3,747,800 shares through M. Klein & Company, LLC.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing related to a share distribution following a business combination. It does not indicate any positive or negative sentiment, but the successful completion of the business combination is a positive sign.

Positives

• The distribution of shares is a result of the successful business combination of AltC Acquisition Corp. and Oklo Inc.

Management Comments

• Michael Klein disclaims beneficial ownership of any securities of the Issuer except to the extent of Klein Michael Stuart's pecuniary interest therein.

Industry Context

This filing is a standard SEC Form 4, which is required when insiders of a publicly traded company make transactions involving the company's securities. It is a routine part of the regulatory landscape for publicly listed companies.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• The pro rata distribution of shares following a business combination is a common occurrence, and this transaction is not unusual in that context.

Stakeholder Impact

• The share distribution does not have a direct impact on stakeholders, but it is a result of the business combination which may have broader implications.

Key Dates

Keywords

Oklo Inc., Michael Klein, share distribution, business combination, AltC Acquisition Corp., insider trading, beneficial ownership