HESS JOHN B 4

What Happened John B. Hess, a director of Chevron Corp. (CVX), sold a total of 380,000 Chevron shares in multiple open-market transactions executed on May 20, 2026. The sales were reported in seven tranches: 117,836 shares @ $191.52 ($22,567,892); 119,787 shares @ $192.86 ($23,102,324); 59,045 shares @ $193.79 ($11,442,165); 42,678 shares @ $194.65 ($8,307,324); 7,038 shares @ $195.97 ($1,379,205); 30,581 shares @ $196.74 ($6,016,595); and 3,035 shares @ $197.45 ($599,260). Total proceeds across all sales were about $73,414,765. These were outright sales (transaction code S), not option exercises or awards.

Key Details

• Transaction date: May 20, 2026; Form 4 filed May 22, 2026 (timely reporting).
• Price range: individual trades executed across roughly $191.30 to $197.60 per share; reported prices are weighted averages for each tranche and the filer offered to provide per-price breakdowns on request (see footnotes).
• Shares owned after transaction: not stated in the provided filing excerpt.
• Notable footnotes: filings indicate shares are held via limited partnerships, limited liability companies and trusts in which Hess is a limited partner, member, manager or beneficiary (see F10–F13); one footnote (F9) notes an adjustment adding 102 shares that were inadvertently omitted.
• Trade type: Open-market sales (code S).

Context

• These were open-market sales (not exercises or gifts), so they represent liquidity taken by the insider rather than a direct signal of company outlook. Retail investors often view purchases as stronger affirmation than routine sales.
• The filing shows multiple tranches and entities involved in holdings; if you need a breakdown of the exact number of shares sold at each individual price point, the filer has committed to provide that detail to the SEC or other requestors.