New York, May 3, 2026, 16:04 EDT
- Caroline Cochran, an executive at Oklo, put in paperwork to unload 300,000 Class A shares, with the filing pegging the value at $21.75 million.
- Oklo will release its first-quarter earnings after the bell on May 12.
- OKLO shares ended the day at $70.40, slipping 2.9%. The nuclear developer now carries a market capitalization near $10.6 billion.
Late Friday, Oklo Inc. executive Caroline Cochran filed a Form 144, signaling plans to unload as many as 300,000 Class A shares in the nuclear developer. The filing put the target sale’s value at $21.75 million.
That timing throws a fresh spotlight on Oklo ahead of its first-quarter earnings. The Santa Clara, California-based firm plans to release results after the bell on May 12. Co-founder and CEO Jacob DeWitte, along with CFO Craig Bealmear, are slated to appear on the call.
Oklo shares, now often seen as a stand-in for the nuclear-power-for-AI story, continue to trade mostly on milestones rather than profits. The stock finished Friday at $70.40, down 2.9%, after more than 10.5 million shares changed hands.
A Form 144 doesn’t confirm an actual sale took place. According to the SEC, affiliates have to file the form if their planned sales in any three-month window top 5,000 shares or $50,000. The person filing also needs to genuinely intend to sell within a reasonable period.
Cochran, described in the filing as “COO / Director / 10% Shareholder” of Oklo, listed J.P. Morgan Securities as the broker. The document details 300,000 shares—representing approximately 0.17% of Oklo’s 173.6 million shares outstanding, according to the same filing. On that day, remarks specified, the shares would be sold by both Cochran and the Caroline Cochran Grantor Retained Annuity Trust No. 1. SEC
On May 1, Richard Craig Bealmear—named as an Oklo officer—filed to sell 16,216 Class A shares, valued in total near $1.13 million, via Fidelity Brokerage Services. According to the filing, those shares came from an option grant awarded on Dec. 23, 2023.
Oklo is working on fast-fission power plants, as well as isotope supply and fuel recycling tech. The company says it’s received a site-use permit from the U.S. Department of Energy for a commercial advanced fission facility, and has collaborated with Idaho National Laboratory and other national labs.
Competition is moving quickly now. Meta’s inked nuclear-power deals with TerraPower, Oklo, and Vistra—aiming for as much as 6.6 gigawatts of additional and existing clean energy in its portfolio by 2035. There’s also a 1.2-gigawatt power campus planned in Pike County, Ohio, tied to Meta data centers, with Oklo in the mix there. Jesse Jenkins, an energy systems authority at Princeton, told AP that if big data centers come online without new power in place, electricity rates could face even more strain.
Back in April, Oklo revealed a partnership with NVIDIA and Los Alamos National Laboratory aimed at pushing forward nuclear fuel research and AI-based modeling. DeWitte described the collaboration as a convergence of reactor deployment, high-performance computing muscle, and what he called “world-class fuel and materials science expertise.” Oklo
Wall Street isn’t chalking this up as straightforward. Citi Research’s Vikram Bagri, who keeps a Hold on Oklo, flagged the company’s newly appointed independent directors as a sign of sturdier governance. Oklo is shifting away from the drawing board and heading into reactor development, he noted.
Execution is the wildcard here. Oklo itself notes that plenty could go wrong—everything from regulatory hurdles, financing, and fuel to snags in the supply chain or deals to sell electricity. There’s also the obvious: it’s targeting a segment where no one’s actually running a commercial project yet.
The May 12 update now takes on outsized importance, overshadowing a standard earnings release. Investors want clarity on reactor schedules, fuel development, and how cash is being managed. They’ll also be parsing insider sale filings, weighing whether these are routine for liquidity or a tell that the market is bracing for a tougher verdict.
