CHEVRON CORP 4

Jeff B. Gustavson, President, New Energies of Chevron Corp, exercised options into 14,044 Chevron (CVX) shares and sold all of them on August 11, 2026, while retaining 3,786 shares directly.

On August 11, 2026, Jeff B. Gustavson, President, New Energies of Chevron Corp, exercised three tranches of long‑standing non-qualified stock options for an aggregate 14,044 shares of Chevron common stock at strike prices of $117.24, $125.35, and $113.01 per share, then sold all 14,044 shares in the open market at a weighted-average price of $194.9492 per share. The option exercises were reported as acquisitions of 4,850, 4,633, and 4,561 shares respectively, each immediately followed by a corresponding disposition through a sale, resulting in a classic “exercise-and-sell” transaction with total sale proceeds of roughly $2.74 million and total option exercise costs of about $1.70 million. After these transactions, Gustavson reported direct ownership of 3,786 Chevron shares plus an additional 3 shares held indirectly through a 401(k) plan, and he disclaimed pecuniary interest in certain other shares and in all shares underlying the options previously underreported on his Form 3. Using the reported sale price as a reference, his remaining direct holdings are worth approximately $750,000, and the filing notes that the sale was executed in multiple trades within a narrow price range between $194.89 and $195.02.

Filing Facts

CIK

93410

Ticker

CVX

Form

4

Source Type

sec

Accession

0000093410-26-000171

Alert Tier

7