General Dynamics CEO exercises 151,150 stock options

The options became exercisable in two portions: 50% on March 3, 2023, and the remaining 50% on March 3, 2024.

Available on EDGAR 11/05/2026 - 04:15 PM EST Accepted by SEC EDGAR 11/05/2026 - 04:15 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

General Dynamics Corp (GD) Chairman and CEO Phebe N. Novakovic exercised options covering 151,150 common shares on November 3, 2026, at an exercise price of $168.56 per share. That day, 105,797 common shares were delivered or withheld for payment of exercise price or tax liability, at a reported $371.715 per share. Reported indirect holdings included 5,951 shares in the 401(k) Plan and 30,000 shares held by an LLC whose members are trusts for the benefit of her children.

Insider Trade Summary

151,150 shares exercised/converted

Exercise 3 txns

Insider NOVAKOVIC PHEBE N

Role Chairman and CEO

Type	Security	Shares	Price	Value
Exercise	Stock Options F3	151,150	$0.00	$0.00
Exercise	Common Stock	151,150	$168.56	$25.48M
Exercise Price or Tax Liability	Common Stock	105,797	$371.715	$39.33M
Holding	Common Stock F1	--	--	--
Holding	Common Stock F2	--	--	--

Holdings After Transaction: Stock Options — 0 contracts (Direct); Common Stock — 811,810 shares (Direct); Common Stock — 5,950.97 shares (Indirect, 401(k) Plan); Common Stock — 30,000 shares (Indirect, By LLC)

Holdings Before and After: Stock Options, 151,150 to 0 contracts (Direct); Common Stock, 766,457 to 811,810 shares (Direct)

Footnotes (3)

1. F1. Includes share activity under General Dynamics 401(k) plan since date of Reporting Person's last ownership report.
2. F2. Represents shares held by a limited liability company for which the Reporting Person serves as a manager and the members of which are trusts for the benefit of the Reporting Person's children.
3. F3. Fifty percent became exercisable on 03/03/2023, and the remaining fifty percent became exercisable on 03/03/2024.

Key Figures

Options exercised: 151,150 options Exercise price: $168.56 per share Shares delivered or withheld: 105,797 common shares +4 more

7 metrics

Options exercised 151,150 options November 3, 2026

Exercise price $168.56 per share Options exercised November 3, 2026

Shares delivered or withheld 105,797 common shares November 3, 2026

Per-share value $371.715 per share Shares delivered or withheld November 3, 2026

Indirect 401(k) Plan holdings 5,951 shares Reported following the November 3, 2026 transactions

Indirect LLC holdings 30,000 shares Reported following the November 3, 2026 transactions

Option expiration date March 2, 2031 Options exercised November 3, 2026

Key Terms

exercisable, limited liability company, 401(k) plan, tax liability

4 terms

exercisable technical

"Fifty percent became exercisable on 03/03/2023"

limited liability company financial

"Represents shares held by a limited liability company"

A limited liability company (LLC) is a business structure that separates the owners’ personal assets from the company’s debts and legal obligations, like a protective shield that keeps personal savings and property distinct from business risk. For investors, that protection reduces personal financial exposure and often brings flexible rules for profit sharing and taxes, but it can also affect how easily interests are bought or sold and how decisions are made.

401(k) plan financial

"Includes share activity under General Dynamics 401(k) plan"

A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.

tax liability financial

"Payment of exercise price or tax liability by delivering or withholding securities"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many options did Phebe N. Novakovic exercise at GD, and at what price?

Phebe N. Novakovic exercised options covering 151,150 common shares at an exercise price of $168.56 per share on November 3, 2026.

How many GD shares were delivered or withheld for payment?

105,797 common shares were delivered or withheld for payment of exercise price or tax liability on November 3, 2026, at a reported $371.715 per share.

When did Phebe N. Novakovic's exercised options become exercisable?

50% became exercisable on March 3, 2023, and the remaining 50% became exercisable on March 3, 2024. The options had an expiration date of March 2, 2031.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

NOVAKOVIC PHEBE N

(Last) (First) (Middle)

C/O GENERAL DYNAMICS CORPORATION

11011 SUNSET HILLS ROAD

(Street)

RESTON VIRGINIA 20190

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman and CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/03/2026

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

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

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

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	11/03/2026		M		151,150	A	$168.56	917,607	D
Common Stock	11/03/2026		F		105,797	D	$371.715	811,810	D
Common Stock								5,950.97(1)	I	401(k) Plan
Common Stock								30,000	I	By LLC(2)

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	$168.56	11/03/2026		M			151,150	(3)	03/02/2031	Common Stock	151,150	$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. Represents shares held by a limited liability company for which the Reporting Person serves as a manager and the members of which are trusts for the benefit of the Reporting Person's children.

3. Fifty percent became exercisable on 03/03/2023, and the remaining fifty percent became exercisable on 03/03/2024.

	Nicholas R. Barnaby, by Power of Attorney	11/05/2026
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)