Form 4: Oklo Inc. Insider Sells Shares Under 10b5-1 Plan

Caroline Cochran, a Director and Officer of Oklo Inc., reported the sale of Class A Common Stock totaling over 100,000 shares through a pre-arranged trading plan.

Summary

• Caroline Cochran, a Director, 10% Owner, and Officer (Co-Founder, COO) of Oklo Inc., has reported transactions involving the sale of Class A Common Stock.
• These sales occurred on April 1, 2026, and were executed under a Rule 10b5-1 trading plan adopted on March 31, 2025.
• The reported sales involved multiple tranches with weighted average prices ranging from $47.99 to $51.79.
• Specifically, sales were reported at weighted average prices of $48.41 (13,473 shares), $49.58 (10,516 shares), $50.93 (9,068 shares), $51.20 (26,943 shares), and $50.50 (40,000 shares).
• Following these transactions, Cochran's direct beneficial ownership of Class A Common Stock is 658,039 shares, with additional indirect holdings through trusts and GRATs.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. While it reports significant insider sales, these were conducted under a pre-arranged 10b5-1 plan, mitigating concerns of opportunistic trading.

Negatives

• Insider selling activity, particularly significant amounts, can sometimes be perceived negatively by the market, although in this case, it was conducted under a pre-established 10b5-1 plan.
• The sales occurred at prices below the highest reported weighted average, indicating a downward trend in the sale prices within the reported period.

Risks

• The Rule 10b5-1 plan itself is designed to mitigate insider trading concerns, but the execution of such plans can still be subject to market interpretation.
• The filing does not provide specific reasons for the sales, which could lead to speculation about the insider's confidence in the company's future performance.

Future Outlook

The filing does not contain forward-looking statements or guidance. It solely reports on past transactions.

Industry Context

StockSavvy.ai notes that insider sales under Rule 10b5-1 plans are common for executives managing their personal portfolios and diversifying holdings. However, the volume and timing of such sales can still influence market perception, especially in the volatile energy sector where Oklo Inc. operates.

Related Party Transactions

• The filing indicates indirect beneficial ownership by Caroline Cochran through various trusts and GRATs, some of which involve her spouse, Jacob DeWitte, suggesting potential related party holdings.

Stakeholder Impact

• Shareholders: May interpret insider sales, even under a 10b5-1 plan, as a signal of reduced confidence or a need for liquidity, potentially impacting share price sentiment.
• Management: Demonstrates adherence to regulatory requirements for reporting ownership changes.
• Employees: Indirect impact through potential share price fluctuations.

Next Steps

• Continued monitoring of insider transactions for any further changes in beneficial ownership.
• Review of future SEC filings for Oklo Inc. to assess operational and financial performance.

Key Dates

Keywords

Oklo Inc., Form 4, Insider Trading, Rule 10b5-1, Caroline Cochran, Class A Common Stock, Securities Sale, Beneficial Ownership, SEC Filing