Bowron Kimberly T 4
Research Summary
AI-generated summary
Gevo (GEVO) Chief of Staff Kimberly T. Bowron Sells 25,101 Shares
What Happened
- Kimberly T. Bowron, Chief of Staff at Gevo (GEVO), sold 25,101 shares on May 27, 2026 in an open-market/private sale for a reported total of $44,173 (weighted average price $1.76). The sale was reported as transaction code "S" (sale) and was executed to cover tax withholding obligations upon vesting of a restricted stock award.
Key Details
- Transaction date: May 27, 2026.
- Price: weighted average $1.76 per share; actual trade prices ranged $1.74–$1.80 (footnote F2).
- Shares sold: 25,101; reported proceeds ≈ $44,173.
- Additional micro-disposition: 5.59 shares sold between May 20–27, 2026 under Gevo’s 401(k) to cover administrative fees (footnote F3).
- Reason / plan: Sales effected to cover tax withholding on vested restricted stock and were made pursuant to a 10b5-1 trading plan adopted November 20, 2025 (footnote F1).
- Shares owned after the transaction: not specified in the provided filing excerpt.
- Filing timeliness: Report filed May 29, 2026 for a May 27, 2026 transaction — appears timely (no late filing flag reported).
Context
- The filing states the sale was to satisfy tax withholding for vested restricted stock and was executed under a pre-established 10b5-1 plan, indicating the trades were preauthorized rather than ad hoc. Such withholding sales are common and generally considered routine; they do not by themselves indicate the insider’s view on the company’s prospects.