Chevron (NYSE: CVX) controller sells 3,200 shares at $170 under 10b5-1

Rhea-AI Filing Summary

Chevron controller Alana K. Knowles reported an option exercise and share sale. On January 28, 2026, she exercised 3,200 non-qualified stock options at $132.69 per share, receiving 3,200 Chevron common shares. The same day, she sold 3,200 shares of common stock at $170 per share under a pre-arranged Rule 10b5-1 trading plan adopted on February 21, 2025. After these transactions, she directly held 1,207 Chevron shares and had an additional 12,963 shares held indirectly through a 401(k) plan. The option was originally granted on January 26, 2022, with vesting in three equal annual installments completed by January 31, 2025.

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).

X

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^*

Knowles Alana K

(Last) (First) (Middle)

5001 EXECUTIVE PARKWAY

SUITE 200

(Street)

SAN RAMON CA 94583

(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)
	Controller

3. Date of Earliest Transaction (Month/Day/Year)
01/28/2026

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	01/28/2026		M(1)		3,200	A	$132.69	4,407	D
Common Stock	01/28/2026		S(1)		3,200	D	$170	1,207	D
Common Stock								12,963(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)	$132.69	01/28/2026		M			3,200	(3)	01/26/2032	Common Stock	3,200	$0	3,200	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 February 21, 2025.

2. Between January 15, 2026 and January 28, 2026, the reporting person acquired 19 shares of Chevron common stock under the Chevron Employee Savings Investment Plan, a 401(k) plan.

3. 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 Alana K. Knowles	01/30/2026
	** 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.

FAQ

What insider transaction did Chevron (CVX) controller Alana Knowles report?

Alana Knowles reported exercising 3,200 non-qualified stock options at $132.69 and selling 3,200 Chevron common shares at $170 on January 28, 2026. The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted in February 2025.

How many Chevron (CVX) shares does Alana Knowles own after this Form 4?

After the reported transactions, Alana Knowles held 1,207 Chevron common shares directly and 12,963 shares indirectly through a 401(k) plan. These figures reflect her ownership following the January 28, 2026 option exercise and same-day sale of 3,200 shares.

At what prices did Alana Knowles exercise and sell Chevron (CVX) shares?

She exercised 3,200 non-qualified stock options at $132.69 per share and sold 3,200 Chevron common shares at $170 per share. Both transactions occurred on January 28, 2026, as disclosed in the insider trading report.

Was Alana Knowles’ Chevron (CVX) share sale under a Rule 10b5-1 plan?

Yes. The filing states the sales were effected under a Rule 10b5-1 trading plan adopted by Alana Knowles on February 21, 2025. Such plans allow pre-scheduled trades, helping insiders diversify holdings while reducing concerns about trading on nonpublic information.

What are the details of the Chevron (CVX) stock option exercised by Alana Knowles?

The derivative security was a non-qualified stock option granted on January 26, 2022, covering 3,200 shares at an exercise price of $132.69. One-third vested on January 31 of 2023, 2024, and 2025, respectively, before being fully exercised on January 28, 2026.

How did Alana Knowles’ Chevron (CVX) 401(k) holdings change around this period?

Between January 15, 2026 and January 28, 2026, she acquired 19 Chevron common shares through the Chevron Employee Savings Investment Plan, a 401(k) plan. Following these acquisitions, the Form 4 reports 12,963 shares held indirectly via the 401(k).