Oklo (NYSE: OKLO) insiders sold in Q2 and Q3, netting more than $50 million in the process. However, as bad as it may seem for the stock price outlook, investors shouldn’t worry about the insider activity. The critical takeaway from the activity is that insiders sold less than 1% of the company’s stock, still control nearly 20% of the business, including large shareholders, and the sales should have been anticipated.
Oklo’s stock has risen as much as 450% for the year, with much of the movement occurring in Q2 and Q3, presenting a wicked hot opportunity to take money off the table. Insiders who sold included director and early investor M.S. Klein, who sold in four tranches, and the CEO and CFO, who sold once and twice, respectively.
