GD executive exercises options, sells 72,710 shares
General Dynamics Executive Vice President Mark Lagrand Burns reported an exercise-and-sell transaction in company stock.
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Form Type
4
Rhea-AI Filing Summary
General Dynamics Executive Vice President Mark Lagrand Burns reported an exercise-and-sell transaction in company stock. On May 11–12, 2026, he exercised stock options to acquire a total of 72,710 shares of Common Stock at strike prices of $165.47 and $168.56 per share, then sold the same number of Common shares in open-market trades at prices ranging from about $342.22 to $346.02 per share. Following these transactions, he directly holds 38,975.154 General Dynamics shares and also has indirect holdings of 1,248.19 shares through a General Dynamics 401(k) plan and 33,670 shares held by a trust.
Insider Trade Summary
Exercise and Sale: 72,710 shares ($12.90M approx. pre-tax spread)
Exercise and Sale
10 txns
Insider
Burns Mark Lagrand
Role
Executive Vice President
Sold
72,710 shs ($25.04M)
Approx. gross sale proceeds
$25.04M
Approx. exercise cost
$12.14M
Approx. pre-tax spread
$12.90M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options | 36,480 | $0.00 | $0.00 |
| Exercise | Common Stock | 36,480 | $168.56 | $6.15M |
| Sale | Common Stock | 33,915 | $345.238 | $11.71M |
| Sale | Common Stock | 2,565 | $345.929 | $887K |
| Exercise | Stock Options | 36,230 | $0.00 | $0.00 |
| Exercise | Common Stock | 36,230 | $165.47 | $5.99M |
| Sale | Common Stock | 7,589 | $342.833 | $2.60M |
| Sale | Common Stock | 28,641 | $343.664 | $9.84M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Options — 0 contracts (Direct);
Common Stock — 38,975.154 shares (Direct);
Common Stock — 33,670 shares (Indirect, By Trust);
Common Stock — 1,248.19 shares (Indirect, 401(k) Plan)
Footnotes (7)
- F1. Sale prices ranged from $342.22 to $343.205. 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.
- F2. Sale prices ranged from $343.23 to $344.09. 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.
- F3. Sale prices ranged from $344.72 to $345.69. 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.
- F4. Sale prices ranged from $345.745 to $346.02. 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.
- F5. Includes share activity under General Dynamics 401(k) plan since date of Reporting Person's last ownership report.
- F6. Fifty percent became exercisable on 03/04/2022, and the remaining fifty percent became exercisable on 03/04/2023.
- F7. Fifty percent became exercisable on 03/03/2023, and the remaining fifty percent became exercisable on 03/03/2024.
Key Figures
Shares sold: 72,710 shares
Shares exercised: 72,710 shares
Sale price range: $342.22–$346.02 per share
+4 more
7 metrics
Shares sold
72,710 shares
Total Common Stock sold in open-market trades on May 11–12, 2026
Shares exercised
72,710 shares
Total Common Stock acquired via option exercises on May 11–12, 2026
Sale price range
$342.22–$346.02 per share
Price ranges disclosed in sale footnotes F1–F4
Strike prices
$165.47 and $168.56 per share
Exercise prices of stock options converted into Common Stock
Direct holdings after
38,975.154 shares
Direct General Dynamics Common Stock owned following transactions
401(k) holdings
1,248.19 shares
Indirect ownership via General Dynamics 401(k) plan as of May 11, 2026
Trust holdings
33,670 shares
Indirect ownership held by trust as of May 11, 2026
Key Terms
open-market sale, Stock Options, derivative security, 401(k) plan, +1 more
5 terms
open-market sale financial
"transaction_action": "open-market sale""
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.
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.
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
401(k) plan financial
"Includes share activity under General Dynamics 401(k) plan since date"
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.
exercise price financial
""conversion_or_exercise_price": "165.4700""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did GD executive Mark Lagrand Burns report?
Mark Lagrand Burns reported exercising stock options for 72,710 General Dynamics shares and selling an equal number of Common shares in open-market transactions on May 11–12, 2026, as disclosed in the Form 4 filing.
At what prices were the exercised GD stock options struck?
The stock options exercised by the executive converted into General Dynamics Common shares at strike prices of $165.47 and $168.56 per share, reflecting previously granted options that became exercisable in 2022, 2023, and 2024 per the Form 4 footnotes.
What type of options did the GD executive exercise in this Form 4?
The executive exercised stock options that were previously granted and fully exercisable by March 2023 and March 2024. Each option exercise converted into General Dynamics Common Stock, with no remaining balance shown for those specific derivative positions after the transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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