CVX insider sale notice: 375,000 shares via J.P. Morgan valued at $58.3M

Rhea-AI Filing Summary

Form 144 filed for Chevron Corporation (CVX) reports a proposed sale of 375,000 shares of common stock through J.P. Morgan Securities LLC on 08/22/2025 for an aggregate market value of $58,331,250. The shares were acquired on 06/15/1999 as a distribution from a trust (bequest by the estate of Leon Hess). The filing shows 1,727,990,376 shares outstanding and indicates no securities sold in the past three months. The filer represents there is no undisclosed material adverse information and includes the standard certification language regarding accuracy and trading-plan disclosures.

Insights

Financial Analyst

TL;DR: Large-dollar insider sale reported, but size is immaterial relative to outstanding shares.

The notice documents a single proposed sale of 375,000 Chevron shares valued at $58.3 million executed through J.P. Morgan on 08/22/2025. Relative to Chevron's reported outstanding shares of 1.727 billion, the position represents roughly 0.02% of the float, which is unlikely to be market-moving. The acquisition date (06/15/1999) and origin (trust distribution via the estate of Leon Hess) indicate long-term ownership rather than recent compensation or issuance. No other sales in the prior three months are reported, which reduces the likelihood of a trend of insider liquidation.

Corporate Governance Expert

TL;DR: Disclosure meets Rule 144 requirements; no governance red flags apparent from this filing alone.

The filing includes required representations about absence of undisclosed material information and notes potential applicability of trading-plan disclosures. The use of a broker (J.P. Morgan) and the trust-origin of the shares are clearly stated. There are no indications of accelerated or suspicious insider activity in this notice; governance implications appear routine based on the disclosed facts.

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 390 Madison Avenue - 6th Floor New York NY 10017	375000	58331250	1727990376	08/22/2025	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			375000	08/22/2025	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)

FAQ

What does the Form 144 filed for Chevron Corporation (CVX) report?

It reports a proposed sale of 375,000 shares of Chevron common stock through J.P. Morgan Securities LLC on 08/22/2025 with an aggregate market value of $58,331,250.

When were the shares being sold originally acquired according to the filing?

The shares were acquired on 06/15/1999 as a distribution from a trust (bequest by the estate of Leon Hess).

How many Chevron shares were outstanding per the Form 144?

The filing lists 1,727,990,376 shares outstanding.

Did the filer report other sales of the issuer's securities in the past three months?

No. The filing indicates "Nothing to Report" for securities sold during the past three months.

Which broker is handling the proposed sale in the filing?

J.P. Morgan Securities LLC (390 Madison Avenue, New York, NY) is listed as the broker.