Form 4: Gevo CEO Patrick Gruber Sells Shares to Cover Tax Obligations

Gevo CEO Patrick Gruber sold shares of common stock on August 6, 2024, to cover tax withholding obligations related to the vesting of a restricted stock award.

Summary

• On August 6, 2024, Patrick R. Gruber, CEO of Gevo, Inc., sold 127,276 shares of common stock at a price of $0.5059 per share.
• The sale was executed to cover tax withholding obligations upon the vesting of a restricted stock award.
• The sales were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on March 18, 2024.
• Following the transaction, Gruber directly owns 3,922,404 shares of Gevo common stock.
• Additionally, between July 31 and August 6, 2024, Gruber disposed of 20.85 shares of Gevo's common stock under the issuer's 401(k) plan to cover administrative fees.
• Gruber indirectly owns 26,136.86 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (stock sale for tax obligations) by an executive, which is neither particularly positive nor negative. The use of a 10b5-1 plan suggests the transaction was pre-planned and not based on any specific positive or negative information.

Industry Context

This is a routine disclosure of insider trading activity. It is common for executives to sell shares to cover tax obligations, especially after vesting of stock awards. The use of a 10b5-1 trading plan suggests the sales were pre-planned and not based on current market information.

Stakeholder Impact

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

Key Dates