Gassen Steve Matthew 4

What Happened

• Steve Matthew Gassen, Executive Vice President, Geographies at SLB (ticker: SLB), exercised stock options to acquire 33,379 shares (11,399 at $41.47 and 21,980 at $38.75) on May 1, 2026, at a reported cost of $1,324,442. On the same day he sold 53,379 shares in open‑market transactions (20,000 at a weighted avg $56.16 and 33,379 at a weighted avg $56.19) for total proceeds of $2,998,766 (about $3.0M). The filing shows related derivative conversion entries reported at $0.00 for the exercised option instruments.

Key Details

• Transaction date: May 1, 2026.
• Options exercised: 11,399 shares at $41.47 and 21,980 shares at $38.75 (total cost ≈ $1,324,442).
• Open‑market sales: 20,000 shares (Wtd avg $56.16; price range $56.01–$56.45 per F1) and 33,379 shares (Wtd avg $56.19; price range $56.13–$56.235 per F2); total proceeds ≈ $2,998,766.
• Footnotes: F1/F2 note multiple trades and weighted‑average pricing; F3 references equivalent shares updated Nov 2025; F4/F5 note the option grants became fully exercisable Jan 16, 2024 and Jan 15, 2025.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Filing timeliness: Report filed same day as the report period (May 1, 2026); no late‑filing indication in the excerpt.

Context

• This was an option exercise combined with same‑day open‑market sales. The same‑day timing often reflects selling some or all shares acquired on exercise (a cashless or partial cashless outcome when exercised and then sold), but the filing simply reports the separate exercise and sale transactions. The $0.00 derivative entries reflect conversion/disposition of the option instruments upon exercise (not a cash sale).