Gevo (GEVO) CMO sells shares under Rule 10b5-1 plan for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gevo, Inc. officer Andrew Shafer reported an insider transaction involving company common stock. He sold 9,443 shares at a weighted average price of $1.4252 per share in an open-market transaction. According to the footnotes, these shares were sold solely to cover tax withholding obligations upon vesting of a restricted stock award and were executed under a pre-arranged Rule 10b5-1 trading plan adopted on November 19, 2025.
After the sale, Shafer directly holds 311,608 shares of Gevo common stock and indirectly holds 16,858.96 shares through a 401(k) plan. The filing reflects a routine, tax-related disposition rather than a discretionary reduction of his overall equity position.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 9,443 shares ($13,458)
Net Sell
2 txns
Insider
Shafer Andrew
Role
Chief Mktg Cust & Brnd Officer
Sold
9,443 shs ($13K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 9,443 | $1.4252 | $13K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 311,608 shares (Direct, null);
Common Stock — 16,858.96 shares (Indirect, By 401(k) Plan)
Footnotes (1)
- Represents shares sold by the Reporting Person to cover tax withholding obligations upon vesting of a restricted stock award. The reported sales 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 $1.390 to $1.475 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.
Key Figures
Shares sold: 9,443 shares
Weighted average sale price: $1.4252 per share
Sale price range: $1.390–$1.475 per share
+3 more
6 metrics
Shares sold
9,443 shares
Open-market sale to cover tax withholding
Weighted average sale price
$1.4252 per share
Common stock sale on 2026-06-12
Sale price range
$1.390–$1.475 per share
Multiple transactions within reported range
Direct holdings after transaction
311,608 shares
Common stock directly owned after sale
Indirect 401(k) holdings
16,858.96 shares
Common stock held via 401(k) plan
10b5-1 plan adoption date
November 19, 2025
Date Shafer adopted Rule 10b5-1 trading plan
Key Terms
restricted stock award, tax withholding obligations, Rule 10b5-1 trading plan, weighted average price, +1 more
5 terms
restricted stock award financial
"upon vesting of a restricted stock award"
A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.
tax withholding obligations financial
"sold by the Reporting Person to cover tax withholding obligations"
Rule 10b5-1 trading plan regulatory
"sales were effected pursuant to a 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 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.
indirect ownership financial
"indirectly holds 16,858.96 shares through a 401(k) plan"
FAQ
What insider transaction did Gevo (GEVO) report for Andrew Shafer?
Gevo reported that officer Andrew Shafer sold 9,443 shares of common stock at a weighted average price of $1.4252. The sale was tied to tax withholding on a restricted stock vesting and executed under a pre-arranged Rule 10b5-1 trading plan.
Was the Gevo (GEVO) insider sale by Andrew Shafer under a Rule 10b5-1 plan?
Yes. The filing notes the reported sales were effected under a Rule 10b5-1 trading plan adopted on November 19, 2025. Such plans pre-schedule trades, so the timing reflects the plan’s terms rather than a discretionary decision based on recent market conditions.