Form 4: Gevo CCO & CIO Paul D. Bloom Reports Stock Sale to Cover Tax Obligations

Paul D. Bloom, CCO & CIO of Gevo, Inc., sold 24,045 shares of common stock on July 31, 2024, to cover tax withholding obligations upon vesting of a restricted stock award.

Summary

• On July 31, 2024, Paul D. Bloom, the CCO & CIO of Gevo, Inc., sold 24,045 shares of Gevo's common stock.
• The sale was executed at a weighted average price of $0.5897 per share.
• The shares were sold to cover tax withholding obligations related to the vesting of a restricted stock award.
• Following the transaction, Bloom directly owns 1,048,892 shares and indirectly owns 20,135.43 shares through a 401(k) plan.
• The sale was conducted under a pre-arranged 10b5-1 trading plan adopted on March 25, 2024.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to an executive's stock sale for tax purposes. It doesn't inherently convey positive or negative sentiment.

Industry Context

Executive stock sales are a common occurrence, often related to compensation and tax planning. The use of a 10b5-1 trading plan indicates a pre-arranged strategy to avoid accusations of insider trading.

Stakeholder Impact

• The stock sale could have a minor impact on shareholders due to the increased supply of shares in the market, but the effect is likely minimal given the relatively small number of shares sold.

Key Dates