other material
confidence high
sentiment neutral
materiality 0.75
Oklo triggers earnout ~12.5M shares and unlocks 70% of founder/private placement lock-ups
Oklo Inc.
- Triggering Event I and II satisfied as of Nov 12; ~12.5M earnout shares to be issued within 5 business days.
- CEO Jacob DeWitte and COO Caroline Cochran forfeited 150,000 earnout shares each; equivalent RSUs to employees.
- Second and Third Sponsor Vesting Triggers achieved; 37.5% of Vesting Founder Shares vested.
- First and Second Sponsor Lock-Up Triggers achieved; lock-ups on 70% of Founder and Private Placement Shares expired.
- Insider Lock-Up Period expired for 70% of Lock-Up Shares held by Insiders.