Malcolm Mark (GD) Exercises Options and Sells 3,220 Shares at $329.45

Rhea-AI Filing Summary

General Dynamics director Malcolm Mark reported simultaneous option exercise and stock sale on 09/12/2025. He exercised 3,220 stock options with an exercise price of $135.85 per share and immediately sold 3,220 shares at reported sale prices averaging $329.45 (range $329.38–$329.53). Following these transactions his beneficial ownership in Common Stock is reported as 10,186 shares. The filing states the options vested in two tranches (50% exercisable 03/02/2018 and 50% exercisable 03/02/2019). The Form 4 was signed by Nicholas R. Barnaby by power of attorney.

Insights

Financial Analyst

TL;DR: Routine insider option exercise followed by sale; share count reduced by 3,220, with proceeds implied by sale price.

The filing documents a non-derivative acquisition via exercise of vested options and an immediate disposition of the same 3,220 shares. The exercise price was $135.85 while sale prices ranged from $329.38 to $329.53, implying a gross per-share spread near $193.60. Beneficial ownership fell to 10,186 shares after the transactions. This is a standard reporting of insider liquidity using vested equity; the filing supplies clear quantities, prices, and vesting history without additional corporate actions.

Corporate Governance Expert

TL;DR: Disclosure meets Section 16 reporting requirements; transactions appear covered by vested options and are properly reported.

The Form 4 identifies the reporting person as a director and shows both the option exercise and subsequent sale recorded on the same date. Vesting dates for the options are provided (50% exercisable 03/02/2018; remaining 50% 03/02/2019), and the filer includes a price range for the sale with an offer to provide per-lot quantities upon request. The form is signed by an attorney-in-fact, consistent with permitted practice. No governance issues or exceptions are noted within the filing text itself.

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^*

Malcolm Mark

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
09/12/2025

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	09/12/2025		M		3,220	A	$135.85	13,406	D
Common Stock	09/12/2025		S		3,220	D	$329.45(1)	10,186	D

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	$135.85	09/12/2025		M			3,220	(2)	03/01/2026	Common Stock	3,220	$0	0	D

Explanation of Responses:

1. Sale prices ranged from $329.38 to $329.53. Reporting Person will provide, upon request by the Commission staff, General Dynamics, or a General Dynamics shareholder, full information regarding the number of shares sold at each separate sales price.

2. Fifty percent became exercisable on 03/02/2018, and the remaining fifty percent became exercisable on 03/02/2019.

	Nicholas R. Barnaby, by Power of Attorney	09/16/2025
	** 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.

FAQ

What transactions did Malcolm Mark report on Form 4 for GD?

He exercised 3,220 stock options at $135.85 per share and sold 3,220 shares on 09/12/2025.

What sale price was reported for the GD shares sold by Malcolm Mark?

The filing reports sale prices ranging from $329.38 to $329.53, with a reported price of $329.45.

How many GD shares does Malcolm Mark beneficially own after the transactions?

Following the reported transactions he beneficially owns 10,186 shares of Common Stock.

When did the reported options vest for Malcolm Mark?

Fifty percent became exercisable on 03/02/2018 and the remaining fifty percent on 03/02/2019.

Who signed the Form 4 filing for Malcolm Mark?

The filing was signed by Nicholas R. Barnaby by power of attorney on 09/16/2025.