Oklo Founders Sell $8.8M as Stock Falls to New Low
Oklo co-founders and executives sold $9.68 million in shares over 90 days, with the stock subsequently falling to a new low of $26.35. The coordinated insider exits, combined with accelerating EPS mis
Oklo Founders Sell $8.8M as Stock Falls to New Low
NEW YORK, October 25 —
The same month Oklo Inc. (OKLO) completed a registered stock offering, both co-founders sold $8.76 million in shares at $36, $37. The stock has since fallen to a new low of $26.35, and each of the last three quarterly EPS misses has been wider than the one before.
- CEO DeWitte and COO Cochran each sold 120,000 shares at $36, $37 on October 1, totaling $8.76 million.
- Oklo holds $2.47 billion in cash with zero long-term debt and negative $239 million trailing free cash flow.
- Stock down 86% from its $190 peak and 61% year-to-date; zero trailing revenue against a $4.90 billion market cap.
The Offering, Then the Exit
Oklo filed a 424B5 prospectus supplement on September 11, 2026, completing a registered stock offering. Three weeks later, CEO Jacob DeWitte and COO Caroline Cochran each sold 120,000 shares in four open-market transactions at prices between $36.19 and $37.07. CFO Richard Craig Bealmear exercised options and sold the same 16,477 shares on October 1 for gross proceeds of $607,507. The coordination is notable: three executives monetized on identical dates immediately after the company completed a public market transaction. No insider purchased shares in the same period.
A Reactor Business Running on Narrative
Oklo develops the Aurora Powerhouse, fission plants producing between 15 and 75 megawatts per unit, with its primary commercial target being AI data centers straining grid capacity. The company also commercializes nuclear fuel recycling to convert spent fuel into feedstock for its own reactors. Neither line generates revenue yet: trailing twelve-month revenue is zero against a $4.90 billion market cap. The EPS shortfall against consensus has widened from -64.4% to -67.2% to -74.8% across the last three reported quarters. A company missing estimates by an accelerating margin is either absorbing larger-than-expected development costs or watching its commercialization timeline extend.
| Ticker | Mkt cap | Fwd P/E | 52-wk |
|---|---|---|---|
| OKLO | $4.9B | n/a | -80.8% |
| SMR | $2.2B | n/a | -86.1% |
| NNE | $653M | n/a | -72.1% |
| CRWV | $29.9B | n/a | -60.1% |
| NBIS | $40.3B | n/a | +26.6% |
| VST | $47.0B | 13.5x | -29.7% |
Selling Into the Decline
General Counsel Vivek Narayanadas extended the insider selling through October, executing five open-market transactions between October 5 and October 20 at prices declining from $37.29 to $26.50. Total insider sales in the 90-day window reached $9.68 million against zero purchases. Short interest stands at 20.0% of float. The $2.47 billion cash balance and zero long-term debt offer real downside cushion, but a DCF framework anchored only to that cash accounts for roughly half the current market cap before crediting any future project revenue. The structural question is whether insiders who built this company view $26.35 as a buying opportunity. The Form 4 pattern gives no indication they do. Run the free Oklo Inc. deep-dive →
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Frequently Asked Questions
Why did Oklo founders sell shares in October?
CEO Jacob DeWitte and COO Caroline Cochran each sold 120,000 shares at $36, $37 on October 1, immediately after the company completed a registered stock offering on September 11. Total insider sales in the 90-day window reached $9.68 million against zero purchases, suggesting a coordinated exit by executives who don't view the current price as a buying opportunity.
How much has Oklo stock fallen recently?
The stock has fallen to a new low of $26.35 after reaching $36, $37 in early October, a decline of roughly 29% in weeks. Year-to-date the stock is down 61%, and it has fallen 86% from its $190 peak.
Does Oklo have any revenue?
Oklo has zero trailing twelve-month revenue against a $4.90 billion market cap. The company develops the Aurora Powerhouse (15-75 megawatt fission plants for AI data centers) and commercializes nuclear fuel recycling, but neither line generates revenue yet.
What is Oklo's financial position?
Oklo holds $2.47 billion in cash and zero long-term debt, but is burning cash with negative $239 million in trailing free cash flow. EPS misses have accelerated from -64.4% to -67.2% to -74.8% across the last three quarters, indicating widening shortfalls versus consensus.
What do Oklo's insider sales signal?
Three executives, CEO DeWitte, COO Cochran, and General Counsel Vivek Narayanadas, sold $9.68 million total over 90 days while buying zero shares. Short interest stands at 20.0% of float, and the Form 4 filing pattern gives no indication insiders view $26.35 as a buying opportunity.
Both co-founders of Oklo sold a combined $8.8 million in open-market shares on October 1, weeks after the company completed a registered stock offering — and the stock has since fallen to a new low of $26.35, 86% below its all-time high of roughly $190.
Sources & Filings