Booth Thomas Ryder 4

What Happened
Booth Thomas Ryder, Chevron’s Chief Technology & Engineering Officer, exercised 6,000 stock options at $113.01 per share (total cost $678,060) and immediately sold 6,000 shares in the open market at a weighted-average price of $178.43 per share for gross proceeds of $1,070,566 on February 3, 2026. The filing also lists a derivative disposition of 6,000 shares at $0 (see filing for details). Net pre-tax proceeds from the exercise and sale were roughly $392,506. This sequence (exercise then immediate sale) is a cashless-style transaction and represents a sale of shares rather than a new purchase.

Key Details

• Transaction date: 2026-02-03. Filing date / Period of Report: 2026-02-05 (appears timely).
• Exercise: 6,000 options at $113.01 each — total $678,060. (Code M = option exercise)
• Sale: 6,000 shares sold at weighted-average $178.43 — gross proceeds $1,070,566. Trades ranged $178.42–$178.46 (Footnote F1). (Code S = open-market sale)
• Additional line: a derivative disposition of 6,000 shares at $0 is listed in the filing; no cash value reported for that line.
• Shares owned after the transaction: Not specified in the provided filing summary.
• Footnote F2: Option was granted 01/30/2019; vesting occurred one‑third on Jan 31, 2020, 2021 and 2022.
• No 10b5-1 plan or late filing flag was indicated in the summary provided.

Context
This is a common pattern where an insider exercises vested options and sells the resulting shares (often to cover the exercise cost and taxes). Such transactions are routine and do not, by themselves, indicate the insider’s view of Chevron’s stock — they primarily reflect option exercise/compensation mechanics. See the full Form 4 for exact line-item reporting and any additional explanations.