Shafer Andrew 4

What Happened
Andrew Shafer, Gevo's Chief Cust Mkt & Brnd Officer, sold 5,000 shares of Gevo common stock in an open-market transaction on January 20, 2026. The weighted average price was $1.99 per share (range $1.98–$2.00), for total proceeds of approximately $9,940. This was a sale (S).

Key Details

• Transaction date: 2026-01-20 (reported on Form 4 filed 2026-01-21). Filing appears timely.
• Price/details: Weighted average $1.99; sales executed at prices between $1.98 and $2.00 per share. The filer can provide a per-price breakdown on request.
• Shares sold: 5,000 shares; proceeds ≈ $9,940.
• Shares owned after transaction: Not disclosed in this filing.
• Footnotes: Sale was made under a 10b5-1 trading plan adopted November 22, 2024 (F1). A separate note (F3) indicates a prior disposal of 0.05 shares under the issuer’s 401(k) plan to cover fees (Dec 22, 2025–Jan 20, 2026).
• Transaction type code: S = Sale.

Context
This sale was executed under a pre-arranged 10b5-1 plan, which typically schedules trades in advance and is considered routine insider selling rather than an ad-hoc signal of sentiment. The dollar amount is modest. The 0.05-share 401(k) disposal noted is an administrative fee-related transaction and immaterial.