STOCK TITAN

[Form 4] Gevo, Inc. Insider Trading Activity

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Gevo, Inc. Chief Customer Marketing & Brand Officer Andrew Shafer exercised stock options for 5,550 shares of common stock at an exercise price of $0.71 per share and sold 5,550 common shares at a weighted average price of $2.0006 per share on May 1, 2026 under a Rule 10b5-1 trading plan.

Following these transactions he holds 270,823 shares directly and 16,865.25 shares indirectly through a 401(k) plan, with 185,850 stock options reported as outstanding after the option exercise, and a small 6.27-share 401(k) disposition previously covered plan administrative fees.

Positive

  • None.

Negative

  • None.
Insider Shafer Andrew
Role Chief Cust Mkt & Brnd Officer
Sold 5,550 shs ($11K)
Type Security Shares Price Value
Exercise Stock Option 5,550 $0.00 --
Exercise Common Stock 5,550 $0.71 $4K
Sale Common Stock 5,550 $2.0006 $11K
holding Common Stock -- -- --
Holdings After Transaction: Stock Option — 185,850 shares (Direct, null); Common Stock — 276,373 shares (Direct, null); Common Stock — 16,865.25 shares (Indirect, By 401(k) Plan)
Footnotes (1)
  1. The reported transactions were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on November 19, 2025. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.000 to $2.005 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. Between April 1, 2026 and May 1, 2026, the reporting person disposed of 6.27 shares of the issuer's common stock under the issuer's 401(k) plan to cover administrative fees. The information in this report is based on a plan statement dated April 22, 2026. The option became exercisable in three equal annual installments beginning on May 22, 2025.
Shares sold 5,550 shares Open-market sale of Gevo common stock on May 1, 2026
Sale price $2.0006 per share Weighted average price for 5,550 Gevo shares sold
Options exercised 5,550 shares Stock options exercised into Gevo common stock
Option exercise price $0.71 per share Exercise price for stock options converted to common shares
Direct holdings after trades 270,823 shares Gevo common shares held directly by Andrew Shafer post-transaction
Indirect 401(k) holdings 16,865.25 shares Gevo common shares held via 401(k) plan after reported period
Options outstanding 185,850 options Stock options remaining after exercising 5,550 options
401(k) fee disposition 6.27 shares Gevo shares sold in 401(k) between April 1 and May 1, 2026
Rule 10b5-1 trading plan regulatory
"The reported transactions were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person"
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 price financial
"The reported price in Column 4 is a weighted average price"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
401(k) plan financial
"disposed of 6.27 shares of the issuer's common stock under the issuer's 401(k) plan"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
stock option financial
"The option became exercisable in three equal annual installments"
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
SEC Form 4
FORM 4UNITED 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*
Shafer Andrew

(Last)(First)(Middle)
C/O GEVO, INC. 345 INVERNESS DRIVE SOUTH
BUILDING C, SUITE 310

(Street)
ENGLEWOOD COLORADO 80112

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Gevo, Inc. [ GEVO ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Cust Mkt & Brnd Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock05/01/2026M(1)5,550A$0.71276,373D
Common Stock05/01/2026S5,550D$2.0006(2)270,823D
Common Stock16,865.25(3)IBy 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Option$0.7105/01/2026M5,550 (4)05/21/2034Common Stock5,550$0185,850D
Explanation of Responses:
1. The reported transactions were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on November 19, 2025.
2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.000 to $2.005 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
3. Between April 1, 2026 and May 1, 2026, the reporting person disposed of 6.27 shares of the issuer's common stock under the issuer's 401(k) plan to cover administrative fees. The information in this report is based on a plan statement dated April 22, 2026.
4. The option became exercisable in three equal annual installments beginning on May 22, 2025.
/s/ E. Cabell Massey, Attorney-in-Fact05/01/2026
** Signature of Reporting PersonDate
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)

FAQ

What insider transactions did Gevo (GEVO) report for Andrew Shafer?

Gevo reported that executive Andrew Shafer exercised stock options for 5,550 common shares at $0.71 and sold 5,550 common shares at a weighted average price of $2.0006 on May 1, 2026. These trades were part of his disclosed equity compensation activity.

Were Andrew Shafer’s Gevo (GEVO) share sales made under a 10b5-1 plan?

Yes. The filing states the reported transactions were executed under a Rule 10b5-1 trading plan adopted on November 19, 2025. Such plans pre-schedule trades, indicating the timing of these sales was established in advance rather than decided opportunistically.

How many Gevo (GEVO) shares does Andrew Shafer hold after these transactions?

After the reported transactions, Andrew Shafer holds 270,823 Gevo common shares directly and 16,865.25 common shares indirectly through a 401(k) plan. These figures reflect his ownership as of the transaction date disclosed in the Form 4.

What option activity did Gevo (GEVO) disclose for Andrew Shafer?

Gevo disclosed that Andrew Shafer exercised stock options covering 5,550 common shares at an exercise price of $0.71 per share. After this exercise, 185,850 stock options are reported as outstanding, with the option originally vesting in three equal annual installments beginning May 22, 2025.

At what price did Andrew Shafer sell his Gevo (GEVO) shares?

The Form 4 reports a weighted average sale price of $2.0006 per share for the 5,550 Gevo common shares sold. A footnote explains these shares were sold in multiple transactions at prices ranging from $2.000 to $2.005 per share, inclusive, on May 1, 2026.