Sam Altman Backed Oklo's Top Leaders Offload Millions Worth Of Company Stock - Oklo (NYSE:OKLO)

Jacob DeWitte, CEO of Oklo Inc. OKLO and the company’s COO, Caroline Cochran, have reportedly sold a significant portion of their company stock, according to a filing with the Securities and Exchange Commission (SEC).

What Happened: The SEC filing reveals that Jacob DeWitte, Co-Founder and CEO of Oklo Inc., has sold shares worth approximately $4.98 million. The transactions, which occurred between March 27 and March 31, 2025, involved shares being sold at prices ranging from $21.80 to $26.00 each. Oklo Inc. currently has a market valuation of $3.11 billion.

The transactions included multiple sales of Class A Common Stock. On March 27, DeWitte sold 20,730 shares at an average price of $24.54 and 14,635 shares at an average price of $26.00. The following day, he sold 104,404 shares at an average price of $22.64 and 35,231 shares at an average price of $23.58. On the last day of March, DeWitte sold another 41,000 shares at an average price of $21.80.

Meanwhile, between March 27 and March 31, 2025, Cochran sold 216,400 shares of Oklo's Class A Common Stock across multiple transactions. The shares were sold at prices ranging from $21.8036 to $26.004 per share, with a total transaction value of over $5 million.

Following these transactions, DeWitte’s direct holdings in Oklo Inc. have been reduced to 10,482,926 shares.

Why It Matters: The sale of shares by DeWitte and Caroline Cochran comes on the heels of the nuclear energy company’s financial results for the full year 2024. The company reported a loss of 74 cents per share, a significant increase from the loss of 47 cents per share in the previous year.

However, Jacob DeWitte, co-founder and CEO of Oklo, had stated, "We’ve already made big strides in 2025: evolving our powerhouse offering to scale up to 75 MW, partnering with RPower on a gas-to-nuclear strategy, and expanding into radioisotope production with our strategic acquisition of Atomic Alchemy. These moves unlock new revenue opportunities and open additional markets for Oklo."

It is interesting to note that the sale comes when the Oklo stock tumbled over 26% over the past month. The sale might be seen as a response to the company’s financial performance, and it could potentially impact investor confidence in Oklo Inc.

Citi analyst Vikram Bagri reduced the price target on the stock to $30.00 from $31 following the results. Bagri expressed a “Modestly Negative” outlook, highlighting Oklo's launch of a new 75MW reactor design that aligns with data center customers’ preference for capacities ranging from 60 to 75MW.

Oklo holds a momentum rating of 90.20% and a growth rating of 67.66%, according to Benzinga’s Proprietary Edge Rankings. For an in-depth report on more stocks and insights into growth opportunities, sign up for Benzinga Edge.