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

Gevo CEO Patrick Gruber sold 108,966 shares of common stock on July 31, 2024, to cover tax withholding obligations related to the vesting of a restricted stock award.

Summary

• On July 31, 2024, Patrick R. Gruber, CEO of Gevo, Inc., sold 108,966 shares of Gevo's common stock.
• The sale was executed at a weighted average price of $0.5897 per share, with individual transactions ranging from $0.5800 to $0.5995.
• The sale was conducted to cover tax withholding obligations arising from the vesting of a restricted stock award.
• The transaction was executed under a pre-arranged 10b5-1 trading plan adopted on March 18, 2024.
• Following the transaction, Gruber directly owns 4,049,680 shares of Gevo's common stock and indirectly owns 26,157.71 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (stock sale for tax obligations) under a pre-existing 10b5-1 plan. It's neutral in sentiment as it doesn't inherently indicate positive or negative performance for the company.

Industry Context

Executive stock sales are a common occurrence, often related to compensation and tax planning. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on current market information.

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 compared to the total outstanding shares.

Key Dates