Form 144 shows Chevron (CVX) trust selling 550,000 shares
Rhea-AI Filing Summary
Chevron Corporation (CVX) has a shareholder-affiliated trust filing a notice to sell up to 550,000 shares of Chevron common stock under Rule 144. The planned NYSE sales through J.P. Morgan Securities LLC correspond to an aggregate market value of $83,435,000, compared with 2,013,521,597 Chevron shares outstanding. The filer acquired these shares in June 1999 via a distribution from a trust related to the estate of Leon Hess. Over the past three months, the same trust sold 375,000 Chevron shares for gross proceeds of $59,363,552.
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