Bealmear Richard Craig 4
Research Summary
AI-generated summary
Oklo CFO Richard Bealmear Exercises Options, Sells 16,321 Shares
What Happened
- Richard Craig Bealmear, Chief Financial Officer of Oklo Inc. (OKLO), exercised stock options and sold a portion of the shares. On July 1, 2026 he exercised options covering 16,321 shares at an exercise price of $3.18 (cost ~$51,901) and sold those 16,321 shares in an open‑market transaction at $52.63 each for proceeds of ~$858,974. On July 2, 2026 he exercised an additional 5,775 option shares at $3.18 (cost ~$18,365). The Form 4 also reports the derivative conversions (dispositions at $0) tied to these exercises.
Key Details
- Transaction dates and prices:
- 2026-07-01: Exercised 16,321 options @ $3.18 (acquired); sold 16,321 shares @ $52.63 (disposed) — sale proceeds ~$858,974.
- 2026-07-02: Exercised 5,775 options @ $3.18 (acquired) — cost ~$18,365.
- Shares owned after transaction: Not specified in this filing; see the issuer’s most recent definitive proxy statement for total holdings (footnote F1).
- Notable footnotes:
- F2: The July 1 sale was effected pursuant to a Rule 10b5‑1 trading plan adopted on September 22, 2025.
- F3: The stock option vests 20% on Aug 1, 2024 and thereafter in 48 substantially equal monthly installments.
- Filing timeliness: Form filed July 6, 2026. No late‑filing notation in the report; the filing date appears to be within the normal SEC two‑business‑day window for these transactions.
Context
- These entries reflect option exercises (transaction code M) followed by an immediate open‑market sale of the exercised shares on July 1 — effectively a cashless outcome for those shares. Exercises themselves are purchases (the insider paid the exercise price), but the large open‑market sale is the primary liquidity event here and was made under a prearranged 10b5‑1 plan. This filing is factual and does not indicate the insider’s motivation.