DeWitte Jacob 4
Research Summary
AI-generated summary
Oklo (OKLO) 10% Owner Jacob DeWitte Sells 200,000 Shares
What Happened
Jacob DeWitte, reported as a 10% owner of Oklo, sold a total of 200,000 Oklo shares in open-market transactions on April 1, 2026. The filing shows two identical sets of sales (100,000 shares each) comprised of tranches of 13,473; 10,516; 9,068; 26,943; and 40,000 shares at reported weighted-average prices of $48.41, $49.58, $50.93, $51.20 and $50.50 respectively, for an aggregate proceeds figure of approximately $10,069,852 (about $10.07M). These sales were reported as dispositions (S).
Key Details
- Transaction date: 2026-04-01; Form 4 filed 2026-04-03 (filed timely within the usual two-business-day window).
- Total shares sold: 200,000; approximate total proceeds: $10,069,852 (~$10.07M).
- Prices: reported as weighted averages per block; the filing indicates the sales occurred across multiple trades with prices ranging roughly from $47.99 to $51.79 per share.
- Plan/footnotes: Sales were effected pursuant to a Rule 10b5-1 trading plan adopted March 31, 2025 (footnote F1). Several footnotes note weighted-average pricing and price ranges for each block and reference the Reporting Person’s spouse providing detailed breakdowns on request (F2–F13, F10–F13). F14/F9 indicate some securities are held by the Reporting Person’s spouse.
- Shares owned after transaction: not specified in the supplied excerpt—check the full Form 4 or the issuer’s most recent proxy statement for current beneficial ownership (see footnote F3).
Context
- These were sales (not purchases), and because they were made under a pre-established Rule 10b5-1 plan they are often routine disposals rather than direct expressions of near-term sentiment.
- As a 10% owner, DeWitte’s trades are material and reported under insider rules; retail investors may view such large sales as liquidity/diversification actions but should not infer motive from the filing alone.
- For full details (exact per-trade prices, post-transaction holdings, and whether part of the sales were by the spouse), review the complete Form 4 and the referenced footnotes.