Walz Andrew Benjamin 4

What Happened
Andrew Benjamin Walz, President, DM&C of Chevron Corp. (CVX), sold 1,463 shares in an open-market transaction on February 18, 2026. The weighted-average sale price was reported as $183.83 per share, for total proceeds of approximately $268,950. This was a sale (not a purchase or option exercise).

Key Details

• Transaction date: 2026-02-18 (reported on Form 4 filed 2026-02-20).
• Shares sold: 1,463; weighted-average price: $183.83; total value: ~$268,950.
• Price range: executed in multiple trades at $183.834–$183.835; the filing reports the weighted-average price (see footnote).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnote: reporting person can provide details on the number of shares sold at each separate price within the reported range upon request (Footnote F1).
• No 10b5‑1 plan, tax-withholding, or other special transaction codes were indicated in the supplied details.

Context
This was a straightforward open-market sale. Sales by insiders are common for liquidity, diversification, or personal reasons and do not, by themselves, prove a change in the insider’s view of the company. Purchases tend to signal stronger bullish conviction, so investors often weigh buys more heavily than routine sales.