Chevron's R. Hewitt Pate sells 40,700 shares

The sales were effected under a Rule 10b5-1 trading plan adopted November 26, 2025, at reported weighted-average prices of $225.6108 and $226.6530 per share.

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Form Type

Rhea-AI Filing Summary

Chevron (CVX) Chief Legal Officer R. Hewitt Pate exercised options to acquire 2,400 shares on October 19, 2026, and 40,700 shares on October 20, 2026, at an exercise price of $132.69 per share. He sold the same share amounts on those dates at reported weighted-average prices of $225.6108 and $226.6530 per share.

The sales were made under a Rule 10b5-1 trading plan adopted November 26, 2025. The October 19 acquisition included 72 shares from reinvested dividends on vested restricted stock units. Indirect holdings listed include 9,745 shares through a 401(k) plan, 20 shares through Pate Family Trust, and 10,794 shares through Spouse Trust; Pate disclaims beneficial ownership of the spouse-trust shares.

Insider Trade Summary 10b5-1

Exercise and Sale: 43,100 shares ($4.05M approx. pre-tax spread)

Exercise and Sale 9 txns

Insider Pate R. Hewitt

Role Chief Legal Officer

Sold 43,100 shs ($9.77M)

Approx. gross sale proceeds $9.77M

Approx. exercise cost $5.72M

Approx. pre-tax spread $4.05M

Type	Security	Shares	Price	Value
Exercise	Non-Qualified Stock Option (Right to Buy) ^F7	40,700	$0.00	$0.00
Exercise	Common Stock ^F1	40,700	$132.69	$5.40M
Sale	Common Stock ^{F1, F4}	40,700	$226.653	$9.22M
Exercise	Non-Qualified Stock Option (Right to Buy) ^F7	2,400	$0.00	$0.00
Exercise	Common Stock ^{F1, F2}	2,400	$132.69	$318K
Sale	Common Stock ^{F1, F3}	2,400	$225.6108	$541K
holding	Common Stock ^F5	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock ^F6	--	--	--

Holdings After Transaction: Non-Qualified Stock Option (Right to Buy) — 0 contracts (Direct); Common Stock — 8,791 shares (Direct); Common Stock — 9,745 shares (Indirect, By 401(k) plan); Common Stock — 20 shares (Indirect, By Pate Family Trust); Common Stock — 10,794 shares (Indirect, By Spouse Trust)

Footnotes (7)

F1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 26, 2025.
F2. This number includes the acquisition of stock resulting from the reinvestment of dividends on vested restricted stock units (72) issued under the Chevron Corporation 2022 Long-Term Incentive Plan.
F3. This transaction was executed in multiple trades at prices ranging from $225.57 to $225.67. The price reported above 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.
F4. This transaction was executed in multiple trades at prices ranging from $226.50 to $226.96. The price reported above 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.
F5. Between August 19, 2026 and October 20, 2026, the reporting person acquired 81 shares of Chevron common stock under the Chevron Employee Savings Investment Plan, a 401(k) plan.
F6. The reporting person disclaims beneficial ownership of the shares held by his spouse's trust, and this report should not be deemed an admission that the reporting person is the beneficial owner of the shares held by his spouse's trust for purposes of Section 16 or for any other purpose.
F7. Option granted 1/26/2022. One-third of the shares subject to the option vested on January 31, 2023, January 31, 2024 and January 31, 2025, respectively.

Key Figures

Shares acquired through option exercise: 2,400 shares Shares acquired through option exercise: 40,700 shares Option exercise price: $132.69 per share +4 more

7 metrics

Shares acquired through option exercise 2,400 shares October 19, 2026

Shares acquired through option exercise 40,700 shares October 20, 2026

Option exercise price $132.69 per share Options exercised October 19 and October 20, 2026

Weighted-average sale price $225.6108 per share 2,400-share sale on October 19, 2026

Weighted-average sale price $226.6530 per share 40,700-share sale on October 20, 2026

Shares from reinvested dividends 72 shares Included in the October 19, 2026 acquisition

401(k) plan shares held 9,745 shares Indirect holding listed

Key Terms

Non-Qualified Stock Option (Right to Buy), Rule 10b5-1 trading plan, weighted-average sale price, vested restricted stock units

4 terms

Non-Qualified Stock Option (Right to Buy) technical

"Non-Qualified Stock Option (Right to Buy)"

Rule 10b5-1 trading plan regulatory

"pursuant to a Rule 10b5-1 trading plan"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

weighted-average sale price financial

"reflects the weighted-average sale price"

vested restricted stock units financial

"dividends on vested restricted stock units"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many Chevron CVX shares did Chief Legal Officer R. Hewitt Pate sell?

He sold 2,400 shares on October 19, 2026, at a reported weighted-average price of $225.6108 per share, and 40,700 shares on October 20, 2026, at $226.6530 per share. The reported prices reflect multiple trades.

Were R. Hewitt Pate's Chevron CVX sales made under a trading plan?

Yes. Both sales were effected pursuant to a Rule 10b5-1 trading plan adopted November 26, 2025.

What was the exercise price for R. Hewitt Pate's Chevron CVX options?

He exercised options to acquire 2,400 common shares on October 19 and 40,700 shares on October 20, 2026, at $132.69 per share. The option was granted January 26, 2022; one-third of its shares vested on January 31, 2023, January 31, 2024, and January 31, 2025.

What price ranges applied to R. Hewitt Pate's Chevron CVX sales?

The October 19, 2026 sale was executed in multiple trades at prices ranging from $225.57 to $225.67 per share. The October 20, 2026 sale was executed at prices ranging from $226.50 to $226.96 per share; the reported prices are weighted averages.

What indirect Chevron CVX shareholdings are listed for R. Hewitt Pate?

The report lists 9,745 shares through a 401(k) plan, 20 shares through Pate Family Trust, and 10,794 shares through Spouse Trust. Pate disclaims beneficial ownership of the shares held by Spouse Trust.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/21/2026 - 04:39 PM EDT Accepted by SEC EDGAR 10/21/2026 - 04:38 PM EDT

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^*

Pate R. Hewitt

(Last)

(First)

(Middle)

1400 SMITH STREET

(Street)

HOUSTON

TEXAS

77002

(City)

(State)

(Zip)

UNITED STATES

(Country)

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)
	Chief Legal Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/19/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	10/19/2026		M⁽¹⁾		2,400	A	$132.69	11,191⁽²⁾	D
Common Stock	10/19/2026		S⁽¹⁾		2,400	D	$225.6108⁽³⁾	8,791	D
Common Stock	10/20/2026		M⁽¹⁾		40,700	A	$132.69	49,491	D
Common Stock	10/20/2026		S⁽¹⁾		40,700	D	$226.653⁽⁴⁾	8,791	D
Common Stock								9,745⁽⁵⁾	I	By 401(k) plan
Common Stock								20	I	By Pate Family Trust
Common Stock								10,794	I	By Spouse Trust⁽⁶⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Non-Qualified Stock Option (Right to Buy)	$132.69	10/19/2026		M			2,400	⁽⁷⁾	01/26/2032	Common Stock	2,400	$0	40,700	D
Non-Qualified Stock Option (Right to Buy)	$132.69	10/20/2026		M			40,700	⁽⁷⁾	01/26/2032	Common Stock	40,700	$0	0	D

Explanation of Responses:

1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 26, 2025.

2. This number includes the acquisition of stock resulting from the reinvestment of dividends on vested restricted stock units (72) issued under the Chevron Corporation 2022 Long-Term Incentive Plan.

3. This transaction was executed in multiple trades at prices ranging from $225.57 to $225.67. The price reported above 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.

4. This transaction was executed in multiple trades at prices ranging from $226.50 to $226.96. The price reported above 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.

5. Between August 19, 2026 and October 20, 2026, the reporting person acquired 81 shares of Chevron common stock under the Chevron Employee Savings Investment Plan, a 401(k) plan.

6. The reporting person disclaims beneficial ownership of the shares held by his spouse's trust, and this report should not be deemed an admission that the reporting person is the beneficial owner of the shares held by his spouse's trust for purposes of Section 16 or for any other purpose.

7. Option granted 1/26/2022. One-third of the shares subject to the option vested on January 31, 2023, January 31, 2024 and January 31, 2025, respectively.

	/s/ Rose Z. Pierson, Attorney-in-Fact for R. Hewitt Pate	10/21/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR