Form 4: Gevo Executive Sells Shares to Cover Tax Obligations from Restricted Stock Vesting

Gevo, Inc.'s Executive Vice President, L. Lynn Smull, reported the sale of 60,331 shares of common stock to satisfy tax withholding obligations related to a restricted stock award vesting.

Summary

• L. Lynn Smull, Executive Vice President of Gevo, Inc. (GEVO), reported a transaction involving the sale of company common stock.
• On May 30, 2025, Smull sold 60,331 shares of Gevo common stock at a weighted average price of $1.282 per share.
• The sale was executed to cover tax withholding obligations arising from the vesting of a restricted stock award.
• This transaction was conducted pursuant to a Rule 10b5-1 trading plan, which was adopted by the reporting person on November 25, 2024.
• The shares were sold in multiple transactions with prices ranging from $1.2512 to $1.3050 per share.
• Following this transaction, L. Lynn Smull directly beneficially owns 1,109,271 shares of Gevo common stock.
• Additionally, Smull indirectly owns 22,047.51 shares through a 401(k) Plan.
• Between August 26, 2024, and May 30, 2025, the 401(k) plan holdings saw a decrease of 9,875.30 shares due to an excess match error reconciliation, an acquisition of 7,885.71 shares, and a disposal of 78.42 shares for administrative fees.
• The 401(k) plan information is based on a statement dated May 22, 2025.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a routine, pre-planned transaction for tax purposes related to executive compensation, not indicative of a change in company fundamentals or management's view of the company's prospects.

Positives

• The transaction was conducted under a pre-arranged 10b5-1 trading plan, indicating a planned and routine event rather than a discretionary sale based on new information.

Negatives

• The sale of shares by an executive, even for tax purposes, reduces their direct ownership stake in the company.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Management Comments

• The reported sales were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on November 25, 2024.
• The sale represents shares sold by the Reporting Person to cover tax withholding obligations upon vesting of a restricted stock award.

Industry Context

This filing is a routine insider transaction report and does not provide information relevant to broader industry trends or competitive landscape. It reflects an individual executive's compensation and tax planning.

Stakeholder Impact

• Shareholders: The sale is a routine, tax-related transaction and is unlikely to have a significant impact on shareholder sentiment or the company's valuation. It represents a minor reduction in executive ownership.

Key Dates

Recommendation

Keywords

Gevo, GEVO, Form 4, Insider Trading, Stock Sale, Executive Compensation, Tax Withholding, Restricted Stock Units, 10b5-1 Plan