Form 4: Gevo VP and Treasurer Alisher Nurmat Reports Stock Sale to Cover Tax Obligations

Alisher K. Nurmat, VP and Treasurer of Gevo, Inc., reports selling 3,337 shares of common stock at an average price of $0.5897 to cover tax withholding obligations.

Summary

• On July 31, 2024, Alisher K. Nurmat, VP and Treasurer of Gevo, Inc., sold 3,337 shares of Gevo's common stock.
• The sale was executed at a weighted average price of $0.5897 per share, with individual transactions ranging from $0.5800 to $0.5995.
• The sale was to cover tax withholding obligations upon the vesting of a restricted stock award.
• The transaction was made pursuant to a 10b5-1 trading plan adopted on March 20, 2024.
• Following the transaction, Nurmat directly owns 197,488 shares of Gevo common stock and indirectly owns 15,314.23 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily indicate a positive or negative outlook for the company.

Industry Context

This filing is a routine disclosure of insider trading activity. It is common for executives to sell shares to cover tax obligations, especially after vesting of restricted stock awards. The 10b5-1 trading plan is a common mechanism to allow insiders to sell shares without being accused of trading on non-public information.

Stakeholder Impact

• The sale of shares by an insider could have a minor negative impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale and the relatively small number of shares involved.

Key Dates