Oklo Inc: director Klein sells $15.8 million in shares

Director Michael Klein and M. Klein Associates, Inc., a ten percent owner, reported selling 250,000 shares of Oklo Inc. (NASDAQ:OKLO) common stock for approximately $15.8 million. The sales occurred in two transactions. The stock, currently trading at $55.11 with a market capitalization of $8.12 billion, has shown significant volatility recently, dropping 15.8% in the past week despite gaining over 500% in the last year. InvestingPro analysis indicates the stock is currently trading above its Fair Value.

On June 18, 2025, 100,000 shares were sold at a weighted average price of $63.5257, in a price range between $63.5000 and $63.6400. Then, on June 20, 2025, an additional 150,000 shares were sold at a weighted average price of $62.7447, in a price range between $61.920 and $63.512.

Following these transactions, Klein and M. Klein Associates, Inc. indirectly own 250,000 shares through M. Klein Associates, Inc. and Allies Capital Corp. Michael Klein is the controlling stockholder of M. Klein Associates, Inc. and the sole stockholder of Allies Capital Corp.

In other recent news, Oklo Inc. has announced a $400 million public offering of common stock, with an additional option for underwriters to purchase up to $60 million more. The offering, managed by Goldman Sachs & Co. LLC and BofA Securities, is expected to close by mid-2025, pending customary conditions. Oklo plans to use the proceeds for general corporate purposes, including working capital and potential future investments. In addition, Oklo has been selected to provide nuclear power to Eielson Air Force Base in Alaska under a long-term power purchase agreement, marking a significant step in its collaboration with the Department of Defense. The company has also achieved a regulatory milestone with the U.S. Nuclear Regulatory Commission (NRC), which is reviewing Oklo’s new licensing model for nuclear operators. This model proposes licensing operators for the Aurora powerhouse technology itself, potentially streamlining the licensing process. These developments come as a Senate panel proposed extending tax credits for nuclear power to 2036, signaling a favorable regulatory environment for the industry. As Oklo continues to advance its projects, the company’s strategic moves are closely watched by investors and regulatory bodies alike.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.