Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Market Information
Our common stock began trading on the New York Stock Exchange on May 10, 2024 under the symbol “OKLO.”
Holders
As of March 13, 2026, there were approximately 35 holders of record of our common stock. Since many of our shares of common stock are held by brokers and other institutions on behalf of stockholders, we are unable to estimate the total number of stockholders represented by these record holders.
Dividends
We have not historically paid any cash dividends on our common stock, and our present policy is to retain any future earnings to support our operations and finance the growth and development of our business. We do not intend to pay cash dividends on our common stock for the foreseeable future. Any future determination related to our dividend policy will be made at the discretion of our Board.
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
Period Total number of shares (or units) purchased (1)
Average price paid per share (or unit) Total number of shares (or units) purchased as part of publicly announced plans or programs Maximum number (or approximate dollar value) of shares (or units) that may yet be purchased under the plans or programs
October 1 - 31, 2025 — $ — — —
November 1 - 30, 2025 463 $ 111.63 — —
December 1 - 31, 2025 — $ — — —
Total 463 $ 111.63 — —
(1) The shares disclosed in this column were not repurchased in connection with a publicly announced plan or program, and no such plan or program has been announced. Such repurchases were made in connection with common stock withheld to satisfy tax withholding obligations related to the vesting of restricted stock units.
Recent Sales of Unregistered Securities
None.
Use of Proceeds
On June 12, 2025, we entered into an underwriting agreement where we sold 7,666,667 shares of our common stock on June 16, 2025 at a firm commitment underwritten public offering price of $60.00 per share pursuant to a registration statement on Form S‑3 (Registration No. 333-287715), which was declared effective by the SEC on June 12, 2025. The aggregate gross proceeds from the offering were $460.0 million, and the net proceeds were $440.1 million after deducting underwriting discounts and commissions of $18.4 million and other offering costs of $1.5 million.
On June 2, 2025, we entered into a sales agreement where we sold 7,384,019 shares of our common stock from August 2, 2025 to September 3, 2025 through sales agents through an at-the-market (“ATM”) program at an average price of $73.13 per share pursuant to a registration statement on Form S‑3 (Registration No. 333‑287715), which was declared effective by the SEC on June 12, 2025. The aggregate gross proceeds from the ATM program were $540.0 million, and the net
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proceeds were $526.1 million after deducting sales agent commissions of $13.5 million and other offering costs of approximately $0.4 million.
On December 4, 2025, we entered into a sales agreement where we sold 3,397,872 shares of our common stock during December 2025 through sales agents through an ATM program at an average price of $88.29 per share pursuant to a registration statement on Form S‑3 (Registration No. 333‑291157), which was declared effective by the SEC on December 4, 2025 pursuant to which we may offer and sell, from time to time, shares of our common stock up to an aggregate gross sales price of $1,500 million (the “December ATM”). The aggregate gross proceeds from the December ATM were $300.0 million, and the net proceeds were $294.3 million after deducting sales agent commissions of $4.5 million and other offering costs of $1.2 million.
We currently intend to use the net proceeds from the sale of the shares for general corporate purposes, working capital and capital expenditures, and potential future investments. The December ATM remained open and closed in January 2026.
Item 6. [Reserved]
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