NEW YORK, Jan 15, 2026, 15:40 (ET) — Regular session
- Oklo shares dropped roughly 4% in afternoon trading following executive stock-sale disclosures filed earlier this week
- Filings reveal that CEO Jacob DeWitte and COO Caroline Cochran offloaded shares through established Rule 10b5-1 trading plans
- Investors are focused on licensing and funding news related to Oklo’s Ohio project, backed by Meta
Oklo Inc. shares dropped 3.8%, slipping $3.69 to $92.28 on Thursday afternoon. The stock swung between $99.14 and $92.25, with roughly 8.7 million shares changing hands, as investors reacted to insider-sale disclosures and trimmed gains from the recent nuclear power rally.
Timing is crucial. Oklo, a high-volatility stock linked to the hunt for “firm” power solutions for data centers, has attracted momentum investors. In such a volatile setup, insider selling—even when expected—can unsettle shareholders.
Big Tech is making moves into nuclear power. Last week, Meta Platforms announced deals with Vistra and also with Oklo and TerraPower, aiming to secure steady electricity for data centers and AI operations. (Reuters)
Two Form 4 filings submitted on Jan. 13 revealed that Oklo co-founder and CEO Jacob DeWitte, along with co-founder and COO Caroline Cochran, each sold roughly 45,800 Class A shares on Jan. 9. The shares went for weighted average prices between $111.38 and $112.83. According to the forms, these sales fell under Rule 10b5-1 plans put in place on March 31, 2025. Despite offloading shares, both DeWitte and Cochran still control significant holdings, including millions of shares held through family trusts, the documents showed. (SEC)
On Jan. 9, Oklo announced an agreement with Meta to back a 1.2-gigawatt nuclear campus in Pike County, Ohio. The deal lets Meta prepay for power and bankroll early development work. “Meta’s funding commitment … is a major step,” said DeWitte. Meta’s energy chief, Urvi Parekh, highlighted the pact’s role in supporting local operations, including an AI “supercluster” in New Albany, Ohio. (Oklo)
Oklo underperformed its nuclear-sector peers on Thursday. Vistra jumped 6.5%, and Constellation Energy climbed roughly 3.1%, but NuScale Power dropped 4.7%.
Broader markets edged higher, but Oklo lagged noticeably. The SPY and QQQ ETFs, tracking the S&P 500 and Nasdaq respectively, posted slight gains.
Rule 10b5-1 plans set up automatic trading instructions, allowing executives to buy or sell shares on a fixed timetable. These plans aim to shield them from claims of trading on insider info. But they don’t prevent strong market moves, especially when many investors are piled into the same trade.
The bigger risk lies in execution and permits. The U.S. Nuclear Regulatory Commission rejected Oklo’s license application for its smaller Aurora design back in 2022, according to a review by the American Nuclear Society this week. Since then, the company has adjusted its planned capacity. (American Nuclear Society)
Traders are closely monitoring updates on licensing, fuel supply, and the pace at which the Meta-backed Ohio site progresses from planning to actual construction. A change in the timeline or the addition of another major customer could send shares moving sharply.
The next catalyst is Oklo’s upcoming earnings report, slated for March 23 per Zacks. Investors will probably zero in on cash burn and progress on the Ohio project. (Zacks)
