Chevron (NYSE: CVX) trustee to sell 195,000 shares under Rule 144

Rhea-AI Filing Summary

Chevron Corporation submitted a Rule 144 notice to sell 195,000 shares of Common Stock via J.P. Morgan Securities LLC on 05/06/2026.

The filing states the shares are a distribution from a trust arising from a bequest by the Estate of Leon Hess, which acquired the shares on 05/07/1999. The filing lists 37,564,800 (beneficial holdings) and total shares outstanding of 1,995,385,539 as of 05/06/2026 for context.

Insights

Securities Attorney

Routine Rule 144 notice for trust distribution; sale is a proposed, permitted resale.

Rule 144 filings notify the market of an intended resale of restricted/controlled securities; this filing reports 195,000 shares offered via J.P. Morgan Securities on 05/06/2026. The source is a trust distribution from the Estate of Leon Hess, acquired 05/07/1999.

Timing and execution details are not provided here; the actual sale will depend on broker execution and compliance with Rule 144 conditions. Subsequent SEC filings or broker statements would show whether and when the shares were sold.

Key Figures

Proposed shares to sell: 195,000 shares Beneficial holdings listed: 37,564,800 shares Shares outstanding: 1,995,385,539 shares +1 more

4 metrics

Proposed shares to sell 195,000 shares Rule 144 notice filed 05/06/2026

Beneficial holdings listed 37,564,800 shares listed in the filing (context figure)

Shares outstanding 1,995,385,539 shares as of 05/06/2026

Trust acquisition date May 7, 1999 Estate of Leon Hess acquired the shares on this date

Key Terms

Rule 144, Distribution from Trust, Bequest

3 terms

Rule 144 regulatory

"Rule 144 notice to sell 195,000 shares via J.P. Morgan"

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

Distribution from Trust financial

"Distribution from Trust | Bequest by the Estate of Leon Hess"

Bequest other

"Bequest by the Estate of Leon Hess which acquired the shares on May 7, 1999"

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Accepted by SEC EDGAR 05/06/2026 - 05:11 PM Learn about SEC filing dates

FAQ

What does Chevron's (CVX) Form 144 filing disclose?

It discloses a proposed resale of 195,000 shares of Common Stock under Rule 144 filed on 05/06/2026. The shares are a trust distribution from the Estate of Leon Hess acquired on 05/07/1999

Who is selling the shares reported in CVX Form 144?

The filing identifies a distribution from a trust arising from a bequest by the Estate of Leon Hess. The notice lists J.P. Morgan Securities LLC as the broker handling the proposed resale on 05/06/2026

How many CVX shares are involved in the Rule 144 notice?

The notice cites a proposed sale of 195,000 shares of Common Stock. The filing also lists a beneficial holding figure of 37,564,800 and total shares outstanding of 1,995,385,539 as of 05/06/2026 for context.

Does the Form 144 filing mean the shares were already sold?

No. The filing is a notice of an intended resale under Rule 144. It reports the proposed sale date of 05/06/2026, but execution and settlement would be reported separately if and when the sale occurs.

Does the filing state why the shares are available for sale?

Yes. The shares are described as a distribution from a trust, resulting from a bequest by the Estate of Leon Hess, with the trust having acquired the shares on 05/07/1999

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Stock	J.P. Morgan Securities LLC 270 Park Avenue, 10th Floor New York NY 10017	195000	37564800	1995385539	05/06/2026	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Stock	06/15/1999	Distribution from Trust	Bequest by the Estate of Leon Hess which acquired the shares on May 7, 1999			195000	05/06/2026	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)