Oklo (OKLO) General Counsel Vivek Narayanadas Sells Shares
$OKLO · Oklo Inc.Research Summary
AI-generated summary of this SEC filing
Oklo (OKLO) General Counsel Vivek Narayanadas Sells Shares
What Happened
Vivek Narayanadas, Oklo’s General Counsel & Secretary, had 4,806 restricted stock units (RSUs) vest on August 21, 2026 (conversion/exercise of the RSUs into shares). To cover tax withholding tied to that vesting, 3,264 of the shares were sold in an open-market transaction on August 24, 2026 at $39.77 per share, generating $129,809. The RSU conversion is reported as a derivative exercise/convert (code M) and the sale is reported as a sale (code S).
Key Details
- Transaction dates: RSU vest/convert on 2026-08-21; open-market sale on 2026-08-24; Form 4 filed 2026-08-25 (timely within the SEC two-business-day window).
- Sale: 3,264 shares at $39.77 each = $129,809 (open-market sale).
- Vesting/Conversion: 4,806 RSUs converted to shares on 2026-08-21 (reported as derivative exercise/conversion; shown with $0 purchase price because RSUs convert to shares).
- Shares retained from this vesting: 4,806 vested − 3,264 sold = 1,542 shares retained from this vesting event. Total post-transaction ownership across all holdings is not stated in the filing.
- Footnotes: F1—each RSU = contingent right to one share; F2—the 3,264-share sale was a sell-to-cover to satisfy tax withholding and was not a discretionary trade; F3—these RSUs were granted Feb 3, 2025, vesting schedule noted, with 4,806 vesting Aug 21, 2026.
Context
This was not a purchase signal; it was a routine sell-to-cover tied to RSU vesting (common for employees). The filing shows conversion of RSUs (no out-of-pocket purchase price) and a subsequent market sale to satisfy taxes, which the filer indicates was non-discretionary.