Kinzley Richard 4
Research Summary
AI-generated summary
Oklo Director Richard Kinzley Sells 4,000 Shares
What Happened
Richard Kinzley, a director of Oklo Inc. (OKLO), reported an open-market sale of 4,000 shares on March 27, 2026 at $52.09 per share, generating $208,360 in proceeds. The Form 4 also reports a gift of 900 shares (reported at $0). A footnote corrects prior reporting of 3,800 shares from direct to indirect ownership through the Richard W. and Cynthia M. Kinzley Revocable Trust; that correction is a change in form of ownership only and did not change pecuniary interest.
Key Details
- Transaction date(s): March 27, 2026 (reported on Form 4 filed March 30, 2026).
- Sale: 4,000 shares at $52.09 each — proceeds $208,360.
- Gift: 900 shares reported as a gift (value reported $0).
- Shares owned after transaction: the revocable trust holds 16,654 shares (per the filing and corrective footnote).
- Footnote: 3,800 shares were reclassified from direct to indirect ownership through the Kinzley revocable trust; no change in economic interest.
- No indicators of option exercises, 10b5-1 plan, or tax-withholding reported in this filing.
Context
Sales and gifts by insiders can be routine (liquidity or estate-planning reasons); gifts do not necessarily indicate a view on the stock. This filing documents dispositions rather than purchases, so it’s not a direct bullish signal.