CVX Form 144: Insider Exercises Options and Plans Sale of 3,978 Shares

Rhea-AI Filing Summary

Chevron Corporation (CVX) Form 144 notice reports a proposed sale of 3,978 common shares. The sale is slated to occur through Morgan Stanley Smith Barney LLC on the NYSE with an aggregate market value of $633,774.96 against 1,727,990,376 shares outstanding, indicating a small fraction of the total share count.

The securities were acquired on 08/29/2025 by exercise of stock options from the issuer and payment was made in cash on the same date. The filer reports no other securities sold in the past three months and affirms they do not possess undisclosed material adverse information about the issuer.

Positive

• Complete transaction disclosure: Broker, quantity, aggregate value, acquisition method, payment type, and sale date are provided.
• No sales in prior three months: The filer reports "Nothing to Report" for securities sold in the past three months.

Negative

• Insider proposes sale: The person for whose account the securities are to be sold is offering 3,978 shares for sale, which represents insider selling activity.

Insights

Securities Analyst

TL;DR: Routine insider option exercise and immediate sale; small size relative to total shares outstanding.

The filing documents a prospective sale of 3,978 common shares through Morgan Stanley Smith Barney LLC with an aggregate market value of $633,774.96. The shares were acquired on 08/29/2025 via exercise of stock options and paid for in cash the same day. No sales by this person are reported in the prior three months. From a trading-impact perspective, the size disclosed is immaterial relative to the issuer's stated outstanding shares, suggesting limited market impact.

Corporate Governance Expert

TL;DR: Disclosure aligns with Rule 144 requirements; signer attests to lack of undisclosed material information.

The notice provides required details: broker, number of shares, acquisition method, and payment type. The filer signs the representation that they are not aware of undisclosed material adverse information, and notes no aggregate sales in the past three months. This is a standard compliance disclosure for an insider exercising options and proposing an immediate sale.

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	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	3978	633774.96	1727990376	08/29/2025	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	08/29/2025	Exercise of Stock Options	Issuer			3978	08/29/2025	Cash

* 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

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

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

How many Chevron (CVX) shares does the Form 144 propose to sell?

The notice proposes the sale of 3,978 common shares.

What is the aggregate market value of the shares listed on the Form 144 for CVX?

The aggregate market value reported is $633,774.96.

How were the shares acquired according to the Form 144?

The shares were acquired on 08/29/2025 by exercise of stock options from the issuer, with payment in cash.

Through which broker will the CVX shares be sold?

The sale is to be executed through Morgan Stanley Smith Barney LLC.

Were any CVX securities sold by this person in the past three months?

The filing states "Nothing to Report" for securities sold during the past three months.