Caroline Cochran, co-founder and chief operating officer of Oklo Inc. (EXCHANGE: OKLO), disclosed sales of Class A common stock on March 2, 2026, with aggregate proceeds totaling $12,658,097.
The transactions were executed at prices spanning $60.4413 to $64.3271 per share. Cochran sold multiple lots directly and indirectly; the direct dispositions consisted of 5,950 shares, 16,670 shares, 9,330 shares, 24,210 shares, 3,839 shares and 40,000 shares. In a parallel set of indirect sales, 5,951 shares, 16,670 shares, 9,329 shares, 24,211 shares, 3,840 shares and 40,000 shares were sold through Jacob DeWitte and the Caroline Cochran GRAT.
Those sales were completed under a pre-arranged Rule 10b5-1 trading plan that Cochran adopted on March 31, 2025. After the March 2 transactions, Cochran retains direct ownership of 733,073 shares of Oklo Inc. Class A common stock.
The timing of the sales follows a strong run for Oklo's shares - the stock has returned 117% over the past year and was trading at $65.65 at the time of the report. An InvestingPro analysis cited in the filing indicates the stock appears overvalued at current levels.
Oklo has been the center of several notable corporate developments recently. The company announced a binding agreement with Meta to develop a phased 1.2 gigawatt advanced nuclear campus. That announcement triggered a wave of broker activity:
- BofA Securities upgraded Oklo's rating from Neutral to Buy and raised its price target to $127.00.
- Wedbush maintained an Outperform rating with a $150.00 price target, referencing Oklo's role in Meta's broader plans for up to 6.6 gigawatts of new nuclear projects.
- Texas Capital Securities initiated coverage with a Buy rating and a $138.00 price target, highlighting the potential of Oklo's Aurora reactor technology.
- UBS reiterated a Neutral rating with a $95.00 price target following the long-term agreement with Meta covering up to 1.2 gigawatts of Oklo powerhouses by 2034; that agreement includes customer prepayments intended to fund early development phases.
Market interest in nuclear-related equities strengthened after public comments in support of nuclear power by President Donald Trump at the World Economic Forum in Davos, a development that helped nuclear stocks, including Oklo, gain traction.
While the insider sales are notable for their size and timing, they were executed under a previously established trading plan. The corporate milestones and analyst reactions cited above provide additional context for investor attention on Oklo as it pursues commercial agreements and advances its technology.
Summary of transaction specifics:
- Date of sale: March 2, 2026.
- Total proceeds: $12,658,097.
- Price range: $60.4413 to $64.3271 per share.
- Structure: Multiple direct and indirect lots sold; transactions conducted under a Rule 10b5-1 plan adopted March 31, 2025.
- Post-sale direct holdings: 733,073 Class A shares.