Michael K. Wirth - Feb 14, 2022 Form 4 Insider Report for CHEVRON CORP (CVX)

Signature
/s/ Rose Z. Pierson, Attorney-in-Fact for Michael K. Wirth
Stock symbol
CVX
Transactions as of
Feb 14, 2022
Transactions value $
-$1,832,596
Form type
4
Date filed
2/16/2022, 04:15 PM
Previous filing
Feb 2, 2022
Next filing
Mar 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVX Common Stock Options Exercise $10.5M +90K $116.45 90K Feb 14, 2022 Direct F1
transaction CVX Common Stock Sale -$9.71M -71.1K -79.02% $136.60 18.9K Feb 14, 2022 Direct F1, F2
transaction CVX Common Stock Sale -$2.6M -18.9K -100% $137.62 0 Feb 14, 2022 Direct F1, F3
holding CVX Common Stock 15.9K Feb 14, 2022 by 401(k) plan
holding CVX Common Stock 17.8K Feb 14, 2022 by Limited Partnership 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 -90K -100% $0.00* 0 Feb 14, 2022 Common Stock 90K $116.45 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 November 14, 2021.
F2 This transaction was executed in multiple trades at prices ranging from $136.32 to $137.28. The price reported above reflects the weighted-average sale 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 This transaction was executed in multiple trades at prices ranging from $137.34 to $137.90. The price reported above reflects the weighted-average sale 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.
F4 The reporting person owns only a 1% general partnership interest in the limited partnership. The remaining limited partnership interests are owned equally by four separate trusts for the benefit of each of the reporting person's children. The reporting person disclaims beneficial ownership of the shares held by the limited partnership except to the extent of his pecuniary interest therein.
F5 Option granted 1/30/2013. One-third of the shares subject to the option vested on each of the first, second and third anniversaries of the date of grant.