Phillips 66 (PSX) files Form 144 to sell 600 shares

Phillips 66 reports an intended sale of Common Stock.

Rhea-AI Filing Summary

Phillips 66 reports an intended sale of Common Stock. The filing states an intent to sell 600 shares of Common Stock on 05/11/2026 via a stock option with cash consideration. The filing also lists recent open-market dispositions: 29,400 shares on 05/08/2026 for $4,997,153.53, 15,629 shares on 03/30/2026 for $2,970,077.63, 16,856 shares on 03/05/2026 for $2,833,273.26, and 4,944 shares on 03/04/2026 for $815,672.66.

Insights

Securities Compliance Expert

Routine insider resale and recent open-market dispositions reported.

The filing lists an intended sale of 600 shares on 05/11/2026 via a stock option with cash proceeds and records four prior dispositions in March–May 2026 with disclosed share counts and gross proceeds. These entries are consistent with reporting of Rule 144 transactions and brokered sales.

Impact depends on the holder's continued activity and corporate context; the filing itself is administrative. Subsequent filings may disclose additional transactions or provide aggregation across accounts.

Key Figures

Planned sale: 600 shares Sale on 05/08/2026: 29,400 shares Sale on 03/30/2026: 15,629 shares +2 more

5 metrics

Planned sale 600 shares to be sold on 05/11/2026 via stock option

Sale on 05/08/2026 29,400 shares gross proceeds $4,997,153.53

Sale on 03/30/2026 15,629 shares gross proceeds $2,970,077.63

Sale on 03/05/2026 16,856 shares gross proceeds $2,833,273.26

Sale on 03/04/2026 4,944 shares gross proceeds $815,672.66

Key Terms

Form 144, stock option, gross proceeds

3 terms

Form 144 regulatory

"144: Securities To Be Sold — Common Stock | 05/11/2026 | Stock Option"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

stock option financial

"144: Securities To Be Sold — Common Stock | 05/11/2026 | Stock Option"

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.

gross proceeds financial

"Common Stock | 05/08/2026 | 29,400 | 4997153.53"

The total amount of cash a company receives from a financing event or sale before any fees, expenses, taxes or deductions are taken out. Investors watch gross proceeds because it shows the raw scale of new capital being raised—think of it as the paycheck amount before withholdings—which helps assess how much funding is available for operations, growth, debt payoff or how much shareholder dilution might occur once costs are removed.

FAQ

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

What does Phillips 66's Form 144 filed on 05/11/2026 disclose?

It discloses an intended sale of 600 shares of Common Stock on 05/11/2026 via a stock option. The form also lists four prior dispositions in March–May 2026 with share counts and gross proceeds.

Who handled the past sales listed on the Form 144 for PSX?

The broker listed for the transactions is Merrill Lynch at the provided address. Each prior sale entry names Merrill Lynch alongside the share count and gross proceeds for the trade date.

How much gross proceeds were reported for the 05/08/2026 sale?

The filing reports gross proceeds of $4,997,153.53 from the sale of 29,400 shares on 05/08/2026. That figure appears verbatim in the sale-history section of the form.

Do these Form 144 entries indicate insider trading direction for PSX?

Yes; the transactions listed are dispositions—sales of common stock—so the filing reports selling activity. The form shows both an intended sale of 600 shares and prior sales in March and May 2026.

Does the Form 144 state whether the company receives proceeds from these sales?

The filing lists the transactions as sales by the reporting holder and identifies the payment method as cash for the 05/11/2026 entry; it does not state that the issuer receives proceeds in these resale entries.

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

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Accepted by SEC EDGAR 05/11/2026 - 07:21 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001663211
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Phillips 66
SEC File Number
Address of Issuer	2331 Citywest Blvd. Houston TEXAS 77042
Phone	832-765-3892
Name of Person for Whose Account the Securities are To Be Sold	Kevin Mitchell
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Stock	Merrill Lynch 800 Capitol Street Suite 1900 Houston TX 77002	600	102913.93	400935020	05/11/2026	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Stock	05/11/2026	Stock Option	Phillips 66			600	05/11/2026	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Merrill Lynch 800 Capitol Street Suite 1900 Houston TX 77002	Common Stock	05/08/2026	29400	4997153.53
Merrill Lynch 800 Capitol Street Suite 1900 Houston TX 77002	Common Stock	03/30/2026	15629	2970077.63
Merrill Lynch 800 Capitol Street Suite 1900 Houston TX 77002	Common Stock	03/05/2026	16856	2833273.26
Merrill Lynch 800 Capitol Street Suite 1900 Houston TX 77002	Common Stock	03/04/2026	4944	815672.66

144: Remarks and Signature

Remarks	The exercise of stock options and sale of shares acquired upon exercise were made solely at the direction of the reporting person's ex-spouse pursuant to a domestic relations order. The reporting person's ex-spouse will retain the after-tax proceeds from the sales.
Date of Notice	05/11/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	11/21/2025
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	Kevin Mitchell
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)