Kinzley Richard 4

What Happened
Richard Kinzley, a director of Oklo, Inc. (OKLO), reported exercising or converting derivatives on March 6, 2026 to acquire 16,854 shares at an exercise price of $58.25 per share, for a total cash outlay of $981,746. The Form 4 also shows a related conversion/disposition of 16,854 derivative units recorded at $0.00.

Key Details

• Transaction date: March 6, 2026; Form 4 filed March 10, 2026 (filed within the standard two business‑day window).
• Acquisition: 16,854 shares acquired at $58.25 each = $981,746 total (transaction code M = option exercise/conversion).
• Disposition/Conversion: 16,854 shares reported as disposed/converted at $0.00 (also coded M/derivative).
• Footnotes: F2 — each restricted stock unit (RSU) represents a contingent right to one share; F3 — the RSUs vested in full on May 9, 2025. F1 refers to the issuer’s proxy for additional equity holdings.
• Shares owned after the transactions: not specified in the provided excerpt.

Context
The filing shows an exercise/conversion of derivative awards (code M). The paired acquisition and $0.00 conversion/disposition entries and the RSU footnotes indicate the transactions involve vested RSUs or related derivative instruments being converted into shares; the filing itself does not explain any subsequent sale of the acquired shares. Purchases or exercises are often of interest because they increase an insider’s equity exposure, but the Form 4 is silent on motive—this is a factual report of the transactions.