Form 4: Gevo Executive Kimberly Bowron Sells Shares to Cover Tax Obligations

Kimberly Bowron, Chief People Officer of Gevo, Inc., sold 16,383 shares of common stock to cover tax withholding obligations upon vesting of a restricted stock award.

Summary

• On August 22, 2024, Kimberly Bowron, Chief People Officer of Gevo, Inc., sold 16,383 shares of Gevo's common stock.
• The shares were sold at a weighted average price of $0.7574 per share, with individual transactions ranging from $0.71 to $0.82 per share.
• The sale was executed to cover tax withholding obligations related to the vesting of a restricted stock award.
• The sale was conducted under a pre-arranged 10b5-1 trading plan adopted on March 25, 2024.
• Following the transaction, Bowron directly owns 405,268 shares and indirectly owns 17,053.82 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The document describes a routine stock sale by an executive to cover tax obligations. It doesn't indicate any significant positive or negative sentiment.

Industry Context

Executive stock sales are a common occurrence and are often related to personal financial planning or tax obligations. The use of a 10b5-1 trading plan is a standard practice to avoid accusations of insider trading.

Stakeholder Impact

• The stock sale may 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