Form 4: Gevo Officer Sells Shares Under 10b5-1 Plan

Gevo's Chief Customer Marketing & Brand Officer, Andrew Shafer, sold 5,000 shares of common stock for approximately $1.9879 per share under a pre-arranged trading plan.

Summary

• Andrew Shafer, Gevo, Inc.'s Chief Customer Marketing & Brand Officer, reported a sale of 5,000 shares of common stock.
• The transaction occurred on January 20, 2026, at a weighted average price of $1.9879 per share.
• The sales were executed pursuant to a Rule 10b5-1 trading plan adopted by Mr. Shafer on November 22, 2024.
• The shares were sold in multiple transactions with prices ranging from $1.98 to $2.00 per share.
• Following the transaction, Mr. Shafer directly beneficially owns 270,823 shares of common stock.
• Additionally, Mr. Shafer indirectly beneficially owns 9,788.14 shares through a 401(k) Plan.
• Between December 22, 2025, and January 20, 2026, 0.05 shares of common stock were disposed of from the 401(k) plan to cover administrative fees.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly negative. While an insider sale reduces ownership, the transaction was executed under a pre-arranged 10b5-1 plan, which mitigates concerns about market timing or negative signals. The amount sold is also relatively small compared to total holdings.

Negatives

• An officer disposed of 5,000 shares of common stock, reducing their direct ownership in the company.

Risks

• The sale of shares by an insider, even under a pre-arranged plan, could be perceived negatively by some investors, potentially impacting market sentiment.

Future Outlook

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

Industry Context

This insider transaction report does not provide information directly related to broader industry trends or competitive landscape. It reflects an individual officer's pre-planned stock disposition.

Stakeholder Impact

• Shareholders: The sale of shares by an officer could be interpreted as a slight reduction in insider confidence, though the 10b5-1 plan suggests a pre-planned, routine disposition rather than a reaction to new information.

Key Dates

Keywords

Gevo, GEVO, Insider Trading, Form 4, Stock Sale, 10b5-1 Plan, Andrew Shafer, Common Stock