Chevron director Cynthia J. Warner reported a change in her beneficial ownership of Chevron securities tied to the company’s non-employee director compensation program. The Form 4, filed June 3, 2026, reports an ownership change with a transaction date of June 1, 2026, involving Chevron phantom stock, a derivative security linked to Chevron common stock. The filing indicates that the phantom stock was issued under the Chevron Non-Employee Directors’ Equity Compensation and Deferral Plan. These phantom stock units are payable in Chevron common stock when Warner’s service as a director ends. The units convert on a 1-for-1 basis into Chevron common shares, meaning each phantom stock unit corresponds to one share of Chevron common stock upon settlement. The explanatory notes state that the reported post-transaction derivative ownership amount includes dividend equivalent accruals of 4 units under the Chevron Non-Employee Directors’ Equity Compensation Plan. The document text provided does not show a purchase or sale price, an open-market transaction, or a cash transaction; rather, the reported change appears to reflect plan-based director compensation and dividend-equivalent accruals. No specific transaction code, full share balance after the transaction, or market price is visible in the provided filing text. The filing was signed on Warner’s behalf by Rose Z. Pierson, attorney-in-fact, on June 3, 2026.