Nuclear Energy Startup Oklo's CEO Makes Major Charitable Stock Gift
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Jacob DeWitte, Co-Founder and CEO of Oklo, reported significant insider transactions on June 24, 2025. The key details include:
- DeWitte gifted 600,000 shares of Class A Common Stock to a donor advised fund
- The transaction was executed at $0 per share and was permitted under the lock-up agreement with Goldman Sachs & Co. LLC and BofA Securities
- Following the transactions, DeWitte's holdings include: - 10,405,098 shares held directly - 10,102,108 shares held indirectly through spouse Caroline Cochran - 2,000,000 shares in Jacob DeWitte GRAT - 2,000,000 shares in Caroline Cochran GRAT
DeWitte maintains significant ownership as a Director, Officer (CEO), and 10% Owner of Oklo, demonstrating continued substantial stake in the company despite the charitable gift transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
600,000 shares gifted
Mixed
4 txns
Insider
DeWitte Jacob
Role
Co-Founder, CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class A Common Stock | 300,000 | $0.00 | -- |
| Gift | Class A Common Stock | 300,000 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 10,405,098 shares (Direct);
Class A Common Stock — 10,102,108 shares (Indirect, By Caroline Cochran)
Footnotes (1)
- This filing relates to a gift of 600,000 shares of Class A Common Stock to a donor advised fund as permitted by the lock-up agreement between the Reporting Person and Goldman Sachs & Co. LLC and BofA Securities, Inc., as representatives of the several underwriters dated June 12, 2025 (the "Lock-Up Agreement"). Represents securities held by the Reporting Person's spouse.
FAQ
What is OKLO CEO Jacob DeWitte's total beneficial ownership after the June 2025 transaction?
After the reported transaction, Jacob DeWitte beneficially owns 10,405,098 shares held directly, plus indirect ownership of 14,102,108 shares (10,102,108 through spouse Caroline Cochran, 2,000,000 through Jacob DeWitte GRAT, and 2,000,000 through Caroline Cochran GRAT), for a total beneficial ownership of approximately 24.5 million shares.
Was OKLO CEO's stock gift in June 2025 permitted under the lock-up agreement?
Yes, according to the filing's explanatory notes, the gift of 600,000 shares to a donor advised fund was specifically permitted under the lock-up agreement between the Reporting Person and Goldman Sachs & Co. LLC and BofA Securities, Inc., as representatives of the underwriters, dated June 12, 2025.
What positions does Jacob DeWitte hold at OKLO as of June 2025?
According to the Form 4 filing, Jacob DeWitte holds multiple positions at OKLO: he serves as a Director, is a 10% Owner, and is the Co-Founder and CEO of the company.