Form 4: Chevron Controller Sells 5,000 Shares from 401(k) Plan

Chevron's Controller, Alana K. Knowles, disposed of 5,000 shares of common stock from her 401(k) plan at a weighted-average price of $181.68.

Summary

• Alana K. Knowles, Controller of Chevron Corp (CVX), reported a disposition of 5,000 shares of common stock.
• The transaction occurred on February 4, 2026, at a weighted-average sale price of $181.68 per share, with trades ranging from $181.23 to $181.68.
• The shares were sold from the Chevron Employee Savings Investment Plan, a 401(k) plan.
• Following the transaction, Ms. Knowles beneficially owns 7,963 shares indirectly through her 401(k) plan and 1,474 shares directly.
• The sale was executed pursuant to a Rule 10b5-1(c) plan, indicating a pre-scheduled transaction.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this as a slightly negative event due to the reduction in insider ownership, though mitigated by the 10b5-1 plan indicating a pre-planned personal financial decision rather than a reaction to new company-specific information.

Positives

• The sale was conducted under a Rule 10b5-1(c) plan, indicating a pre-scheduled transaction rather than a reaction to new, non-public information.

Negatives

• An insider sale, even if pre-planned, can sometimes be perceived negatively by the market as it reduces management's direct equity stake.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider transactions, particularly sales, are routinely monitored by investors for signals about a company's prospects. However, sales from 401(k) plans under 10b5-1 plans are often for personal financial planning and less indicative of a change in company outlook compared to open market sales.

Stakeholder Impact

• Shareholders: May interpret the insider sale as a minor negative signal, potentially leading to slight downward pressure on the stock, though the 10b5-1 plan context lessens this impact.

Next Steps

• The reporting person undertakes to provide full information regarding the number of shares sold at each separate price within the reported range upon request to the SEC staff, the issuer, or a security holder of the issuer.

Key Dates

Recommendation

While an insider sale can be a minor negative signal, this transaction by Chevron's Controller was a relatively small amount from a 401(k) plan and executed under a Rule 10b5-1 plan, suggesting a pre-planned personal financial decision rather than a reflection of new company-specific concerns. For a company of Chevron's size and market position, this single transaction is unlikely to alter the fundamental investment thesis, warranting a 'hold' recommendation based solely on this filing.

Keywords

Chevron, CVX, Insider Trading, Form 4, Stock Sale, Alana K. Knowles, Controller, 401(k) plan, Rule 10b5-1