General Dynamics (GD) director exercises stock options and sells 5,480 common shares

Rhea-AI Filing Summary

GENERAL DYNAMICS CORP director Malcolm Mark exercised stock options and sold the resulting shares in the open market. He exercised options for 3,210 shares at $165.47 per share and 2,270 shares at $191.71 per share, then sold a total of 5,480 shares of common stock at $365.00 per share. Following these transactions, he directly holds 10,643 shares of General Dynamics common stock. The option grants had previously become exercisable in stages in 2019, 2020, 2022, and 2023 according to the vesting footnotes.

Insights

Equity compensation and insider-trading analyst

Director exercised vested options and sold the acquired shares, a routine liquidity event.

Director Malcolm Mark exercised stock options for 5,480 shares of GENERAL DYNAMICS CORP common stock at strike prices of $165.47 and $191.71, then sold the same number of shares at $365.00. The options had fully vested between 2019 and 2023.

This pattern is a classic exercise-and-sell: a derivative position is converted into shares, which are then sold for cash. After these transactions, Mark holds 10,643 shares directly. The filing does not indicate any remaining stock options in this grant, suggesting these specific options were fully exercised.

Because this is a compensation-driven transaction without disclosed trading-plan details or scale relative to the company’s overall equity, it generally reads as a routine insider liquidity move rather than a thesis-changing signal. The net effect is a reduction of 5,480 directly held shares alongside the elimination of corresponding option positions.

Insider Trade Summary

Net Seller: 5,480 shares ($2,000,200)

Net Sell 6 txns

Insider Malcolm Mark

Role null

Sold 5,480 shs ($2.00M)

Type	Security	Shares	Price	Value
Exercise	Stock Options	2,270	$0.00	--
Exercise	Stock Options	3,210	$0.00	--
Exercise	Common Stock	2,270	$191.71	$435K
Sale	Common Stock	2,270	$365.00	$829K
Exercise	Common Stock	3,210	$165.47	$531K
Sale	Common Stock	3,210	$365.00	$1.17M

Holdings After Transaction: Stock Options — 0 shares (Direct, null); Common Stock — 12,913 shares (Direct, null)

Footnotes (1)

1. Fifty percent became exercisable on 03/01/2019, and the remaining fifty percent became exercisable on 03/01/2020. Fifty percent became exercisable on 03/04/2022, and the remaining fifty percent became exercisable on 03/04/2023.

Key Figures

Shares sold: 5,480 shares Sale price: $365.00 per share Options exercised (grant 1): 3,210 shares at $165.47 +5 more

8 metrics

Shares sold 5,480 shares Total common shares sold in open-market transactions

Sale price $365.00 per share Price for General Dynamics common stock sales

Options exercised (grant 1) 3,210 shares at $165.47 Stock option exercise into common stock

Options exercised (grant 2) 2,270 shares at $191.71 Stock option exercise into common stock

Shares held after 10,643 shares Director’s direct General Dynamics common stock holding after transactions

Net share change -5,480 shares Net change in directly held common shares from reported trades

Option expiration 1 2030-03-03 Expiration date for $165.47 strike option grant

Option expiration 2 2027-02-28 Expiration date for $191.71 strike option grant

Key Terms

open-market sale, derivative exercise/conversion, Stock Options, Common Stock, +1 more

5 terms

open-market sale financial

"Sale in open market or private transaction"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

derivative exercise/conversion financial

"Exercise or conversion of derivative security"

Stock Options financial

"security_title": "Stock Options""

Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.

Common Stock financial

"security_title": "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

transaction_code "M" regulatory

"transaction_code": "M", transaction_type": "derivative""

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Form 4 Insider Transactions: What Each Field Means →

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 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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/17/2026

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	06/17/2026		M		2,270	A	$191.71	12,913	D
Common Stock	06/17/2026		S		2,270	D	$365	10,643	D
Common Stock	06/17/2026		M		3,210	A	$165.47	13,853	D
Common Stock	06/17/2026		S		3,210	D	$365	10,643	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	$191.71	06/17/2026		M			2,270	(1)	02/28/2027	Common Stock	2,270	$0	0	D
Stock Options	$165.47	06/17/2026		M			3,210	(2)	03/03/2030	Common Stock	3,210	$0	0	D

Explanation of Responses:

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

2. Fifty percent became exercisable on 03/04/2022, and the remaining fifty percent became exercisable on 03/04/2023.

	Nicholas R. Barnaby, by Power of Attorney	06/22/2026
	** 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)

FAQ

What did General Dynamics (GD) director Malcolm Mark do in this Form 4 filing?

Director Malcolm Mark exercised stock options and sold the resulting shares. He converted options into 5,480 General Dynamics common shares, then sold all 5,480 shares in open-market transactions while retaining a direct holding of 10,643 shares afterward.

How many General Dynamics (GD) shares did Malcolm Mark sell and at what price?

Malcolm Mark sold a total of 5,480 General Dynamics common shares. The reported sales price was $365.00 per share, reflecting open-market or private sale transactions disclosed in the Form 4 for the specified transaction date.

What stock options did Malcolm Mark exercise in General Dynamics (GD)?

He exercised stock options covering 3,210 shares at a $165.47 exercise price and 2,270 shares at a $191.71 exercise price. These options related to prior grants that had become exercisable in tranches between 2019 and 2023, as described in the vesting footnotes.

How many General Dynamics (GD) shares does Malcolm Mark hold after these transactions?

After the reported transactions, Malcolm Mark directly holds 10,643 shares of General Dynamics common stock. This post-transaction holding reflects his remaining equity position after exercising options and selling 5,480 shares in open-market sales.

Were Malcolm Mark’s General Dynamics (GD) transactions primarily exercises or sales?

The activity combines both exercises and sales. He exercised options to acquire 5,480 General Dynamics shares, then completed open-market sales of the same 5,480 shares, resulting in a net reduction of directly held stock while eliminating those particular option positions.

What do the vesting footnotes say about Malcolm Mark’s General Dynamics options?

The footnotes explain the vesting schedule for his options. One grant vested 50% on March 1, 2019 and 50% on March 1, 2020. Another vested 50% on March 4, 2022 and 50% on March 4, 2023, enabling full exercise by the transaction date.