EXXON MOBIL CORP - 25 Jun 2024 Form 4 Insider Report for Global Clean Energy Holdings, Inc. (GCEHQ)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
26 Jun 2024, 15:24:06 UTC
Prior SEC filing
03 May 2024
Next SEC filing
22 May 2026
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Exxon Mobil Corporation; By its Vice President, Treasurer and Investor Relations, James R. Chapman

Key filing fact

EXXON MOBIL CORP filed Form 4 for Global Clean Energy Holdings, Inc. (GCEHQ) on 26 Jun 2024.

Key facts

  • This page summarizes EXXON MOBIL CORP's Form 4 filing for Global Clean Energy Holdings, Inc. (GCEHQ).
  • 4 reported transactions and 3 derivative rows are listed below.
  • Accepted by SEC: 26 Jun 2024, 15:24.

Change

  • Previous filing in this sequence was filed on 03 May 2024.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

GCEH transaction

Series C Preferred Stock

Disposed to Issuer

Transaction value
Shares
-125,000
Change %
-100%
Price
Shares after
0
Date
25 Jun 2024
Ownership
See Footnote
Footnotes
F1, F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

GCEH transaction Derivative

Warrant to Purchase Common Stock (Right to Buy)

Disposed to Issuer

Transaction value
Shares
-2,489,643
Change %
-100%
Price
Shares after
0
Date
25 Jun 2024
Ownership
See Footnote
Underlying class
Common Stock
Underlying amount
2,489,643
Exercise price
$2.25
Footnotes
F1, F2
GCEH transaction Derivative

Warrant to Purchase Common Stock (Right to Buy)

Disposed to Issuer

Transaction value
Shares
-13,530,723
Change %
-100%
Price
Shares after
0
Date
25 Jun 2024
Ownership
See Footnote
Underlying class
Common Stock
Underlying amount
13,530,723
Exercise price
$2.25
Footnotes
F1, F2, F3
GCEH transaction Derivative

Warrant to Purchase Common Stock (Right to Buy)

Disposed to Issuer

Transaction value
Shares
-6,500,000
Change %
-100%
Price
Shares after
0
Date
25 Jun 2024
Ownership
See Footnote
Underlying class
Common Stock
Underlying amount
6,500,000
Exercise price
$2.25
Footnotes
F1, F2, F3, F4
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

EXXON MOBIL CORP is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 4 footnotes

Footnote F1

On June 25, 2024, ExxonMobil Renewables LLC ("ExxonMobil Renewables") and ExxonMobil Oil Corporation ("EMOC") entered into a Settlement and Mutual Release Agreement with the Issuer and certain other parties thereto, pursuant to which the parties agreed to the cancellation of the shares of Series C Preferred Stock and warrants to purchase shares of Common Stock held by ExxonMobil Renewables and EMOC in consideration for a settlement payment of $18,000,000.

Footnote F2

These securities were held directly by ExxonMobil Renewables. Exxon Mobil Corp., as the sole member of ExxonMobil Renewables, had voting and investment discretion with respect to the Series C Preferred Stock, and had the power to control the exercisability of the warrants, and therefore may have been deemed to have beneficial ownership over such securities.

Footnote F3

The warrants were scheduled to expire on December 23, 2028, or if such day is not a business day, then the next preceding business day.

Footnote F4

The warrants were scheduled to become exercisable on the earlier of (i) the term extension date of a Product Off-Take Agreement previously entered into between the Issuer, ExxonMobil Renewables and EMOC or (ii) a change of control or sale of the Issuer, or the dissolution of the Issuer.

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