Knowles Alana K

Knowles Alana K., vice president and controller at Chevron (CVX), has filed 38 Form 4 transactions over the past year, all in the energy giant's stock. The pattern is heavily skewed toward the sell side: her total open-market sales reached roughly $5.5 million, with zero open-market purchases. The most recent cluster, spanning January and February 2026, shows five open-market sales totaling about $3.2 million, including a $1.31 million disposition on January 5, a $544,000 sale on January 28, and a $441,327 sale on February 18. These sales were consistently paired with option exercises (coded M) and share withholdings for tax (coded F), suggesting a routine monetization of vested equity rather than a concentrated exit. The transaction mechanics reinforce this interpretation. On January 14 and January 28, for instance, Knowles exercised options valued at $424,608 each and immediately sold the underlying shares for $537,600 and $544,000, respectively—a classic exercise-and-sell pattern that captures the spread between strike price and market value. A similar exercise on January 5, valued at $701,719, preceded a $1.31 million sale. The filings also include a $908,400 transaction coded as "I" (likely an in-kind transfer) on February 4, and a $516,371 disposition back to the issuer (coded D) on January 31, alongside routine grants (coded A) with zero dollar value. Notably, there are no recent purchases, and the only non-sale activity consists of automatic tax withholdings and option exercises, which are mechanical rather than discretionary. Across the entire filing history, Knowles has never recorded a single open-market buy, making her stance uniformly bearish from a cash-flow perspective. The absence of any acquisition activity—whether through purchases or grants with meaningful value—combined with the steady cadence of sales tied to option expirations, points to a compensation-driven liquidation strategy. Her most recent sale on February 18, at $441,327, came just eight days after a pair of tax-withholding events, indicating she continues to convert equity into cash as part of her ongoing position management.