Gendenjamts Davaajargal 4
Research Summary
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Gevo (GEVO) VP of Accounting & Treasurer Gendenjamts Davaajargal Sells Shares
What Happened
- Gendenjamts Davaajargal, Gevo’s Vice President of Accounting and Treasurer, disposed of 4,293 shares of Gevo common stock on June 12, 2026. The filing reports a weighted average sale price of $1.43 per share (range $1.390–$1.475), for total proceeds of approximately $6,118. The sale was effected to satisfy tax withholding obligations upon vesting of a restricted stock award.
Key Details
- Transaction date: June 12, 2026; filing date (Form 4): June 15, 2026.
- Shares sold: 4,293; weighted average price: $1.43; price range: $1.390–$1.475; total reported proceeds: ~$6,118.
- Purpose: Sale made to cover tax withholding on vested restricted stock (footnote F1).
- Trading plan: Sales were effected pursuant to a 10b5-1 plan adopted by the reporting person on December 1, 2025 (F1).
- Additional note: Reporting person also disposed of 2.53 shares between May 20 and June 12, 2026 in the issuer’s 401(k) plan to cover administrative fees (F3).
- Shares owned after the transaction: Not specified in the filing.
- Timeliness: Transaction reported on Form 4 three days after the trade; the filing does not indicate a late filing.
Context
- This was a sale to cover tax obligations on vested restricted stock rather than a discretionary sell for investment reasons. Such withholding sales are common and do not by themselves indicate the insider’s broader market view. The use of a 10b5-1 plan means the sale was pre-authorized under a trading plan adopted earlier (Dec 1, 2025).