4
Featured
Impact 6/10
Insider Transaction
$CVX · CHEVRON CORP
Summary
Form 4 shows Vice Chairman Mark Nelson exercised 112,000 options (81,900 at $88.20 and 30,100 at $179.08) and sold all 112,000 shares on 2026-11-10 for a combined $23.57M. Sales were not under a 10b5-1 plan. He retains 11,647 direct shares plus 19,441 indirect shares via 401(k).
Key points
- Nelson sold 81,900 shares at $210.47 and 30,100 shares at $210.48, totaling $23.57M.
- Both option exercises were immediately followed by same-day sales of the full share amounts.
- Sales were not executed under a 10b5-1 trading plan.
- Post-transaction direct ownership fell to 11,647 shares, with 19,441 held indirectly via 401(k).
Insider transaction
InsiderNELSON MARK A (Vice Chairman)
Actionsale
Shares112,000 total (81,900; 30,100)
Price$210.48 weighted avg ($210.4734; $210.4828)
Total value$23,573,303.74 ($17,237,771.46; $6,335,532.28)
Owned after11,647 Direct (41,747 after Sale 1; 11,647 after Sale 2); plus 19,441 Indirect (By 401(k) plan)
Market impact
Price at filing was $216.38; extended-hours last trade $216.87, up 0.24% from regular close. Routine officer sale drew no notable market reaction.
Why this matters
A senior officer's $23.6M same-day option exercise-and-sell without a 10b5-1 plan is a notable, if routine, insider liquidity event.
Sector context
_Not applicable._
Risk factors
No 10b5-1 plan in place; sale reflects a discretionary disposition by a senior officer.
Related tickers
Related & recent SEC filings