Alana K. Knowles - 02 Apr 2024 Form 4 Insider Report for CHEVRON CORP (CVX)

Signature
/s/ Christine L. Cavallo, Attorney-in-Fact for Alana K. Knowles
Issuer symbol
CVX
Transactions as of
02 Apr 2024
Net transactions value
-$139,216
Form type
4
Filing time
04 Apr 2024, 20:05:49 UTC
Previous filing
08 Feb 2024
Next filing
29 Apr 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVX Common Stock Options Exercise $309,036 +2,800 +1014% $110.37 3,076 02 Apr 2024 Direct F1, F2
transaction CVX Common Stock Sale $448,252 -2,800 -91% $160.09 276 02 Apr 2024 Direct F1
holding CVX Common Stock 12,026 02 Apr 2024 by 401(k) plan 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 -2,800 -50% $0.000000 2,800 02 Apr 2024 Common Stock 2,800 $110.37 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

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 27, 2023.
F2 This number includes dividend accruals (3 shares).
F3 Between February 1, 2024 and April 2, 2024, the reporting person acquired 299 shares of Chevron Common Stock under the Chevron Employee Savings Investment Plan, a 401(k) plan.
F4 Option granted 1/29/2020. One-third of the shares subject to the option vested on January 31, 2021, January 31, 2022 and January 31, 2023, respectively.