Form 4: Gevo CFO L. Lynn Smull Sells Shares to Cover Tax Obligations
SEC Filing
Gevo's Chief Financial Officer, L. Lynn Smull, sold shares of common stock to cover tax withholding obligations and administrative fees.
Summary
- L. Lynn Smull, the Chief Financial Officer of Gevo, Inc., reported changes in beneficial ownership of the company's stock.
- On August 6, 2024, Smull sold 40,140 shares of common stock at a weighted average price of $0.5059 per share to cover tax withholding obligations upon vesting of a restricted stock award.
- These sales were executed under a pre-arranged 10b5-1 trading plan adopted on March 19, 2024.
- Additionally, between July 31 and August 6, 2024, Smull disposed of 20.01 shares under the issuer's 401(k) plan to cover administrative fees.
- Following these transactions, Smull directly owns 1,239,340 shares of Gevo common stock and indirectly owns 24,115.52 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by an executive. It doesn't convey any particularly positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider and doesn't necessarily reflect broader industry trends.
Key Dates
| Date | Description |
|---|---|
| March 19, 2024 | Date the Reporting Person adopted a 10b5-1 trading plan. |
| July 31 August 6, 2024 | Period during which shares were disposed of under the 401(k) plan. |
| August 6, 2024 | Date of the sale of 40,140 shares of common stock. |
| August 7, 2024 | Date of the Form 4 filing. |
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