R. Hewitt Pate - Nov 15, 2021 Form 4 Insider Report for CHEVRON CORP (CVX)

Role
VP and General Counsel
Signature
/s/ Rose Z. Pierson, Attorney-in-Fact for R. Hewitt Pate
Stock symbol
CVX
Transactions as of
Nov 15, 2021
Transactions value $
-$285,071
Form type
4
Date filed
11/17/2021, 07:16 PM
Previous filing
Nov 2, 2021
Next filing
Dec 8, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVX Common Stock Options Exercise $4.2M +39K $107.73 39K Nov 15, 2021 Direct F1
transaction CVX Common Stock Sale -$4.49M -39K -100% $115.04 0 Nov 15, 2021 Direct F1, F2
holding CVX Common Stock 6.36K Nov 15, 2021 By 401(k) plan F3
holding CVX Common Stock 12.6K Nov 15, 2021 By Pate Family Trust
holding CVX Common Stock 4.53K Nov 15, 2021 By Spouse Trust F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CVX Non-Qualified Stock Option (Right to Buy) Options Exercise $0 -39K -66.67% $0.00 19.5K Nov 15, 2021 Common Stock 39K $107.73 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 26, 2021.
F2 This transaction was executed in multiple trades at prices ranging from $115.00 to $115.245. The price reported above reflects the weighted-average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price within the range provided.
F3 The total number of shares reflects an update to correct a previous administrative error overstating the amount beneficially held (by 401 shares) under the Chevron Employee Savings Investment Plan, a 401(k) plan.
F4 The reporting person disclaims beneficial ownership of the shares held by his spouse's trust, and this report should not be deemed an admission that the reporting person is the beneficial owner of the shares held by his spouse's trust for purposes of Section 16 or for any other purpose.
F5 Option granted 1/25/2012. One-third of the shares subject to the option vested on each of the first, second and third anniversaries of the date of grant.