General Dynamics (NYSE: GD) EVP exercises stock options and withholds shares for taxes

Rhea-AI Filing Summary

General Dynamics Executive Vice President Jason W. Aiken reported several equity transactions dated February 19, 2026. He exercised stock options for 16,375 and 14,645 shares, receiving common stock at exercise prices of 191.7100 and 223.9300 per share. To cover related tax obligations, 12,631 and 11,967 shares of common stock were disposed of through tax-withholding transactions. After these moves, he directly owned 173,706 common shares and also had indirect ownership of 13.605 shares through a General Dynamics 401(k) plan.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Aiken Jason W

(Last) (First) (Middle)

C/O GENERAL DYNAMICS CORPORATION

11011 SUNSET HILLS ROAD

(Street)

RESTON VA 20190

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
GENERAL DYNAMICS CORP [ GD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Vice President

3. Date of Earliest Transaction (Month/Day/Year)
02/19/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/19/2026		M		16,375	A	$191.71	183,659	D
Common Stock	02/19/2026		F		12,631	D	$353.185	171,028	D
Common Stock	02/19/2026		M		14,645	A	$223.93	185,673	D
Common Stock	02/19/2026		F		11,967	D	$352.99	173,706	D
Common Stock								13.605(1)	I	401(k) Plan

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Options	$191.71	02/19/2026		M			16,375	(2)	02/28/2027	Common Stock	16,375	$0	0	D
Stock Options	$223.93	02/19/2026		M			14,645	(3)	03/06/2028	Common Stock	14,645	$0	0	D

Explanation of Responses:

1. Includes share activity under General Dynamics 401(k) plan since date of Reporting Person's last ownership report.

2. Fifty percent became exercisable on 03/01/2019, and the remaining fifty percent became exercisable on 02/29/2020.

3. Fifty percent became exercisable on 03/07/2020 and the remaining fifty percent became exercisable on 03/07/2021.

	Nicholas R. Barnaby, by Power of Attorney	02/23/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What did General Dynamics (GD) executive Jason W. Aiken report in this Form 4?

Jason W. Aiken reported exercising stock options and related tax-withholding share dispositions. He converted option awards into common stock and then had a portion of those shares withheld to satisfy tax liabilities associated with the exercises and underlying equity compensation.

How many General Dynamics (GD) stock options did Jason W. Aiken exercise?

Jason W. Aiken exercised stock options covering 16,375 shares and 14,645 shares. These option exercises converted derivative securities into common stock at exercise prices of $191.7100 and $223.9300 per share, reflecting previously granted equity awards that had become exercisable under their original vesting schedules.

What type of share dispositions did Jason W. Aiken report for General Dynamics (GD)?

He reported dispositions of 12,631 and 11,967 common shares coded “F.” This code indicates shares were withheld to pay the exercise price or tax liabilities, meaning the transactions were for tax-withholding purposes rather than open-market sales initiated for investment or portfolio management reasons.

What is Jason W. Aiken’s General Dynamics (GD) share ownership after these transactions?

Following the reported transactions, Jason W. Aiken directly owned 173,706 shares of General Dynamics common stock. He also held an additional 13.605 shares indirectly through a General Dynamics 401(k) plan, reflecting accumulated activity in that retirement account since his prior ownership report.

How are the indirect General Dynamics (GD) shares held for Jason W. Aiken?

Indirect ownership is through a General Dynamics 401(k) plan, totaling 13.605 shares after the reported period. A footnote explains this balance includes all share activity within the 401(k) plan since Jason W. Aiken’s last reported ownership update, rather than a single-day transaction.

What do the transaction codes M and F mean in this General Dynamics (GD) Form 4?

Code “M” represents the exercise or conversion of derivative securities, such as stock options, into common shares. Code “F” indicates shares used to pay the exercise price or satisfy tax liabilities by delivering securities instead of cash, typically tied to those equity compensation events.