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[Form 4] CHEVRON CORP Insider Trading Activity

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Chevron executive Andrew Benjamin Walz, President, DM&C, exercised stock options for a total of 11,600 shares of Chevron common stock on March 2, 2026, at exercise prices of $110.37 and $88.20 per share. He then sold 11,600 shares of common stock in open-market transactions at weighted-average prices around $188.56–$188.61, reducing his directly held common stock to zero. As of the filing, he reported 8,805 shares held indirectly through a Chevron 401(k) employee savings investment plan.

Positive

  • None.

Negative

  • None.
Insider Walz Andrew Benjamin
Role President, DM&C
Sold 11,600 shs ($2.19M)
Type Security Shares Price Value
Exercise Non-Qualified Stock Option (Right to Buy) 6,600 $0.00 --
Exercise Non-Qualified Stock Option (Right to Buy) 5,000 $0.00 --
Exercise Common Stock 6,600 $110.37 $728K
Exercise Common Stock 5,000 $88.20 $441K
Sale Common Stock 6,600 $188.5556 $1.24M
Sale Common Stock 5,000 $188.61 $943K
holding Common Stock -- -- --
Holdings After Transaction: Non-Qualified Stock Option (Right to Buy) — 0 shares (Direct); Common Stock — 6,600 shares (Direct); Common Stock — 8,805 shares (Indirect, By 401(k) plan)
Footnotes (1)
  1. This transaction was executed in multiple trades at prices ranging from $188.50 to $188.64. The price reported in Column 4 reflects the weighted-average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price within the range provided. Between February 19, 2026 and March 2, 2026, the reporting person acquired 3 shares of Chevron common stock under the Chevron Employee Savings Investment Plan, a 401(k) Plan. Option granted 1/29/2020. One-third of the shares subject to the option vested on January 31, 2021, January 31, 2022 and January 31, 2023, respectively. Option granted 1/27/2021. One-third of the shares subject to the option vested on January 31, 2022, January 31, 2023 and January 31, 2024, respectively.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Walz Andrew Benjamin
(Last) (First) (Middle)
1400 SMITH STREET
(Street)
HOUSTON TX 77002
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CHEVRON CORP [ CVX ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
President, DM&C
3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/02/2026 M 6,600 A $110.37 6,600 D
Common Stock 03/02/2026 M 5,000 A $88.2 11,600 D
Common Stock 03/02/2026 S 6,600 D $188.5556(1) 5,000 D
Common Stock 03/02/2026 S 5,000 D $188.61 0 D
Common Stock 8,805(2) I By 401(k) plan
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Non-Qualified Stock Option (Right to Buy) $110.37 03/02/2026 M 6,600 (3) 01/29/2030 Common Stock 6,600 $0 0 D
Non-Qualified Stock Option (Right to Buy) $88.2 03/02/2026 M 5,000 (4) 01/27/2031 Common Stock 5,000 $0 4,100 D
Explanation of Responses:
1. This transaction was executed in multiple trades at prices ranging from $188.50 to $188.64. The price reported in Column 4 reflects the weighted-average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price within the range provided.
2. Between February 19, 2026 and March 2, 2026, the reporting person acquired 3 shares of Chevron common stock under the Chevron Employee Savings Investment Plan, a 401(k) Plan.
3. Option granted 1/29/2020. One-third of the shares subject to the option vested on January 31, 2021, January 31, 2022 and January 31, 2023, respectively.
4. Option granted 1/27/2021. One-third of the shares subject to the option vested on January 31, 2022, January 31, 2023 and January 31, 2024, respectively.
/s/ Rose Z. Pierson, Attorney-in-Fact for Andrew Benjamin Walz 03/04/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR