Form 4: Gevo President & COO Sells Shares to Cover Tax Obligations Under 10b5-1 Plan

Gevo, Inc.'s President and COO, Christopher Michael Ryan, sold 73,934 shares of common stock on May 30, 2025, to satisfy tax withholding requirements related to a restricted stock award.

Summary

• Christopher Michael Ryan, President & COO of Gevo, Inc., sold 73,934 shares of Gevo common stock on May 30, 2025.
• The shares were sold at a weighted average price of $1.282 per share, with individual transaction prices ranging from $1.2512 to $1.3050.
• This sale was conducted to cover tax withholding obligations associated with the vesting of a restricted stock award.
• The transaction was executed under a Rule 10b5-1 trading plan established on November 26, 2024.
• Following this transaction, Mr. Ryan directly beneficially owns 1,510,000 shares of Gevo common stock.
• Additionally, Mr. Ryan indirectly beneficially owns 22,042.03 shares through the issuer's 401(k) plan, as of a plan statement dated May 22, 2025.
• Between October 1, 2024, and May 30, 2025, his 401(k) holdings experienced a net decrease of 4,878.9 shares, resulting from a decrease of 12,684.88 shares due to an excess match error, an acquisition of 7,885.71 shares, and a disposal of 79.73 shares for administrative fees.

Sentiment

Score: 5

Explanation: The document reports a routine insider transaction (sale for tax withholding) under a 10b5-1 plan, which is generally neutral and expected, not indicating significant positive or negative sentiment about the company's prospects.

Positives

• The sale was explicitly for tax withholding purposes, indicating a routine, non-discretionary transaction rather than a change in management's long-term outlook.
• The transaction was conducted under a pre-established 10b5-1 trading plan, demonstrating adherence to compliance best practices and transparency.

Negatives

• A sale of 73,934 shares by a high-ranking executive, even for tax purposes, reduces their direct ownership stake in the company.

Future Outlook

N/A

Industry Context

N/A

Stakeholder Impact

• Shareholders: The sale slightly reduces the executive's direct ownership, but it is a routine tax-related transaction and not indicative of a lack of confidence in the company's future.

Next Steps

• The Reporting Person undertakes to provide full information regarding the number of shares sold at each separate price within the reported range upon request to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission.

Key Dates

Keywords

Gevo, GEVO, Form 4, insider transaction, stock sale, tax withholding, restricted stock, 10b5-1 plan, Christopher Michael Ryan, beneficial ownership