R. Hewitt Pate - May 24, 2022 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
May 24, 2022
Transactions value $
-$8,129,845
Form type
4
Date filed
5/26/2022, 06:17 PM
Previous filing
Feb 9, 2022
Next filing
Nov 7, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVX Common Stock Options Exercise $7.6M +91.3K $83.29 91.3K May 24, 2022 Direct
transaction CVX Common Stock Sale -$15.7M -91.3K -100% $172.34 0 May 24, 2022 Direct F1
holding CVX Common Stock 6.81K May 24, 2022 By 401(k) plan F2
holding CVX Common Stock 12.6K May 24, 2022 By Pate Family Trust
holding CVX Common Stock 4.53K May 24, 2022 By Spouse Trust F3

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 -91.3K -100% $0.00* 0 May 24, 2022 Common Stock 91.3K $83.29 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was executed in multiple trades at prices ranging from $172.17 to $172.40. 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.
F2 Between February 8, 2022 and May 24, 2022, the reporting person acquired 234 shares of Chevron common stock under the Chevron Employee Savings Investment Plan, a 401(k) plan.
F3 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.
F4 Option granted 1/27/2016. One-third of the shares subject to the option vested on each of the first, second and third anniversaries of the date of grant.