Chevron Officer R. Hewitt Pate Files Form 144 to Sell $9.7M in Common Stock

Overview of Proposed Sale

On October 19, 2026, R. Hewitt Pate, an Officer of Chevron Corp ($CVX), filed a Form 144 indicating an intent to sell 43,100 shares of common stock with an aggregate market value of approximately $9,697,069.00 (implied price of ~$224.99 per share).

Transaction Details

• Security: Common Stock
• Number of Shares: 43,100
• Aggregate Market Value: $9,697,069.00
• Approximate Sale Date: October 19, 2026
• Securities to be Acquired via: Exercise of Stock Options (Cash payment)
• Executing Broker: Morgan Stanley Smith Barney LLC Executive Financial Services

Prior Sales & Trading Plan

• Rule 10b5-1 Plan Adoption Date: November 26, 2025. The sales are scheduled to occur pursuant to a pre-arranged trading plan adopted nearly a year prior.
• Past 3 Months Activity: The insider reported a prior sale of 2,470 shares on August 18, 2026, generating gross proceeds of $506,618.74.

Market Context & Significance

With Chevron having over 1.97 billion shares outstanding, this proposed disposition represents less than 0.003% of the total share count. Because the transaction originates from option exercises executed under an established Rule 10b5-1 trading plan, it represents routine executive compensation realization rather than a discretionary market-timing signal.