Oklo (OKLO) director’s trust sells 4,000 shares and gifts 900
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Oklo Inc. director Richard Kinzley, through the Richard W. and Cynthia M. Kinzley Revocable Trust, reported an open-market sale and a gift of Oklo Class A Common Stock. The trust sold 4,000 shares at an average price of $52.09 per share and made a bona fide gift of 900 shares. After these transactions, the trust holds 15,754 shares indirectly. A footnote also corrects a prior Form 4, reclassifying 3,800 shares from direct to indirect ownership by the trust, noting this is only a change in the form of beneficial ownership with no change in Kinzley’s pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 4,000 shares ($208,360)
Net Sell
2 txns
Insider
Kinzley Richard
Role
Director
Sold
4,000 shs ($208K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 4,000 | $52.09 | $208K |
| Gift | Class A Common Stock | 900 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 16,654 shares (Indirect, Richard W. and Cynthia M. Kinzley Revocable Trust)
Footnotes (1)
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Key Figures
Shares sold: 4,000 shares
Sale price: $52.09 per share
Shares gifted: 900 shares
+3 more
6 metrics
Shares sold
4,000 shares
Open-market sale of Class A Common Stock
Sale price
$52.09 per share
Average price for 4,000-share sale
Shares gifted
900 shares
Bona fide gift (transaction code G)
Holdings after transactions
15,754 shares
Indirectly owned by revocable trust after sale and gift
Reclassified shares
3,800 shares
Moved from direct to indirect ownership in correction
Holdings after correction and sale
16,654 shares
Trust position after reclassification and 4,000-share sale, before gift
Key Terms
bona fide gift, beneficial ownership, pecuniary interest, revocable trust, +1 more
5 terms
bona fide gift financial
"transaction_action": "gift transfer" and description "Bona fide gift""
beneficial ownership financial
"The correction reflects a change in the form of beneficial ownership only"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"no change in pecuniary interest with respect to those 3,800 shares"
revocable trust financial
"Richard W. and Cynthia M. Kinzley Revocable Trust"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What insider transactions did Oklo (OKLO) director Richard Kinzley report?
Director Richard Kinzley, via a revocable trust, reported selling 4,000 Oklo Class A shares at $52.09 each and making a bona fide gift of 900 shares. These are indirect transactions through the Richard W. and Cynthia M. Kinzley Revocable Trust.
What correction to prior Oklo (OKLO) ownership reporting is disclosed?
The filing notes that 3,800 shares previously reported as directly owned should have been reported as indirectly owned by the Kinzley revocable trust. The correction changes only the form of beneficial ownership, with no change in pecuniary interest for those shares.