$CVX · Chevron Corporation

This Form 4 filing reports transactions by Jeff B. Gustavson, Chevron Corporation’s President of New Energies, on November 2, 2026. Mr. Gustavson exercised two non-qualified stock options and then sold the underlying common stock. He acquired 8,839 shares at an exercise price of $113.01 from an option granted on January 30, 2019, and acquired 15,600 shares at $110.37 from an option granted on January 29, 2020. Both options were fully vested before the exercise.

On the same day, he sold a total of 24,439 shares of common stock at a weighted-average price of approximately $230.7081 per share, with individual trades ranging from $230.62 to $230.83. Following these transactions, he directly held 3,818 shares and indirectly held 3 shares through the company’s 401(k) plan. The filing also notes that the direct holdings include 32 shares acquired through reinvestment of dividends on vested restricted stock units under Chevron’s 2022 Long-Term Incentive Plan.