Booth Thomas Ryder 4

What Happened Booth Thomas Ryder, Chevron's Chief Technology & Engineering Officer, exercised 10,600 stock options and then sold the shares in open-market transactions. He exercised 10,600 options on Feb 12, 2026 at an exercise price of $110.37 per share (cash paid $1,169,922). That same day and the following day he sold a total of 12,198 shares: 10,600 at a weighted-average $184.39 ($1,954,534), 476 at $184.54 ($87,841) on Feb 12, and 1,122 at a weighted-average $182.37 ($204,614) on Feb 13. Gross proceeds from the sales were about $2.25 million; the exercise cost was about $1.17 million.

Key Details

• Transaction dates: Feb 12–13, 2026.
• Exercise: 10,600 options @ $110.37 = $1,169,922 (code M).
• Sales: 10,600 @ $184.39 = $1,954,534; 476 @ $184.54 = $87,841; 1,122 @ $182.37 = $204,614 (codes S).
• Total shares sold: 12,198; total gross proceeds ≈ $2,246,989.
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes: F1 notes the Feb 13 sale (1,122 shares) was executed in multiple trades at prices $182.36–$182.38 (weighted avg reported). F2 notes the option was granted 1/29/2020 with vesting in thirds on Jan 31, 2021/2022/2023.
• Filing date: Feb 17, 2026 (covers Feb 12–13 transactions).

Context The sequence—exercise of options (M) followed by open-market sales (S)—is consistent with a cashless exercise or immediate disposition of acquired shares to realize value or cover exercise/taxes. Such sales are common for option exercises and do not by themselves indicate the insider’s longer-term view on the company. This summary is factual; it does not infer motivation. If you want, I can check the issuer’s full Form 4 to confirm shares held after the transactions.