Bealmear Richard Craig 4

What Happened
Richard Craig Bealmear, Chief Financial Officer of Oklo, exercised stock options and sold a portion of the resulting shares. On May 1, 2026 he exercised 16,216 options at $3.18 each (cost $51,567) and sold those 16,216 shares in the open market under a Rule 10b5-1 plan for a weighted average price of $69.92, generating proceeds of about $1,133,823. On May 4, 2026 he exercised an additional 5,880 options at $3.18 each (cost $18,698). The filing also shows the underlying option instruments were surrendered (derivative dispositions at $0.00) as part of the exercises. In total he exercised 22,096 options for a combined exercise cost of about $70,265; 16,216 of the resulting shares were sold and 5,880 appear to have been retained.

Key Details

• Transaction dates: May 1, 2026 (exercise + sale) and May 4, 2026 (exercise).
• Exercise price: $3.18 per share. Total exercised shares: 22,096; total exercise cost ≈ $70,265.
• Sale: 16,216 shares sold on May 1, 2026 at a weighted average price of $69.92 (range $69.89–$70.09), proceeds ≈ $1,133,823. (F2, F3)
• Derivative entries: The filing shows the related options were disposed at $0.00, reflecting surrender/cancellation of the exercised options.
• Plan/footnotes: Sales were effected under a Rule 10b5-1 trading plan adopted Sept 22, 2025 (F2). Vesting schedule for the option grant noted (20% vested Aug 1, 2024; then monthly vesting) (F4). For total holdings, see the issuer’s latest proxy as referenced in the filing (F1).
• Timeliness: Form 4 filed May 5, 2026 for transactions on May 1 and May 4; filing meets the standard two-business-day deadline.

Context: This was an option exercise followed by an immediate market sale of most of the shares — effectively a partial cashless exercise where proceeds from the sale cover the exercise cost and generate net proceeds. The 10b5-1 plan indicates the sale was preplanned; retained shares (5,880) may remain subject to company holding and vesting terms. This is a routine insider liquidity event and should not be taken alone as a signal of company fundamentals.