Insider Trading April 2, 2026

Gevo Officer Executes Small Share Sale, Exercises Options as Company Reports Strong Q4 Revenue

Chief customer, market and brand officer Andrew Shafer sold 5,550 shares and exercised options the same day under a 10b5-1 plan amid robust fourth-quarter results for Gevo

By Marcus Reed GEVO
Gevo Officer Executes Small Share Sale, Exercises Options as Company Reports Strong Q4 Revenue
GEVO

Andrew Shafer, Gevo's Chief Customer, Market & Brand Officer, sold 5,550 shares on April 1, 2026, receiving $15,027 and on the same day exercised options to acquire 5,550 shares at $0.71. The transactions were carried out under a 10b5-1 trading plan adopted November 19, 2025. Following the activity Shafer holds 270,823 shares directly and 16,871.52 shares indirectly through a 401(k) plan; he also directly owns 191,400 stock options. Separately, Gevo reported $161 million in total revenue for Q4 2025 and disclosed operational and strategic developments including potential capacity expansion and leadership appointments.

Key Points

  • Andrew Shafer sold 5,550 Gevo shares on April 1, 2026 for total proceeds of $15,027 and exercised options for 5,550 shares at $0.71 the same day.
  • Transactions were completed under a 10b5-1 trading plan adopted November 19, 2025; after the activity Shafer directly owns 270,823 shares and 191,400 stock options, plus 16,871.52 shares held indirectly via a 401(k).
  • Gevo reported Q4 2025 revenue of $161 million, up 849% from the prior year, and disclosed strategic developments including potential expansion at its North Dakota ethanol site and executive appointments.

Transaction details

Andrew Shafer, who serves as Chief Customer, Market & Brand Officer at Gevo, Inc. (NASDAQ: GEVO), executed a sale of 5,550 shares of Gevo common stock on April 1, 2026. The shares were sold at prices ranging from $2.69 to $2.73 per share, producing aggregate proceeds of $15,027.

On the same date Shafer exercised stock options to acquire an additional 5,550 shares of Gevo common stock at an exercise price of $0.71 per share, for a total cost reported as $3,940. The sales and option exercise were performed under a pre-arranged 10b5-1 trading plan that Shafer adopted on November 19, 2025.


Ownership and option position after transactions

Following these transactions Shafer directly holds 270,823 shares of Gevo common stock. He additionally owns 16,871.52 shares indirectly through a 401(k) plan. In terms of equity awards, the stock option referenced in connection with these exercises is described as being exercisable in three equal annual installments beginning May 22, 2025, and carrying an expiration date of May 21, 2034. After the April 1 transactions Shafer directly owns 191,400 stock options.


Company financial and operational context

Gevo’s fourth-quarter 2025 results were also reported recently. The company posted total revenue of $161 million for Q4 2025, representing an 849% increase versus the prior year. Gevo attributed part of its financial performance to the acquisition and integration of Red Trail Energy assets. The company recorded a $20 million loss from operations for the period, while noting that the result marked a material improvement from the prior year.

Gevo disclosed plans to potentially add a second ethanol production facility at its North Dakota site, with the proposed new facility able to produce up to 75 million gallons per year of low-carbon ethanol. If realized, the site’s combined capacity would reach approximately 150 million gallons annually. The company also reported $5 million in revenue from sales of its racing fuel blendstock in 2025 and said its intellectual property holdings have grown to more than 550 issued and pending patents related to renewable fuels and chemicals production.

Finally, the company announced two executive appointments: Kyle James as Chief Commercial Officer and Dave Kettner as General Counsel.


Investor resources

For investors seeking more detailed financial analysis, the company’s results and related matters are covered in a Pro Research Report available on InvestingPro.

Risks

  • Gevo reported a $20 million loss from operations for Q4 2025, indicating ongoing operational challenges in the renewable fuels sector.
  • Plans to add a second ethanol production facility at the North Dakota site are described as potential and therefore uncertain, which could affect future capacity and capital needs in the biofuels and chemicals markets.
  • Insider transactions, even when executed under a pre-arranged 10b5-1 plan, can create interpretive uncertainty among investors about timing and intent; such activity interacts with market perception in renewable energy and related equity markets.

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