General Dynamics (GD) Director Reports Option Exercise and Share Sale

Rhea-AI Filing Summary

Laura J. Schumacher, a director of General Dynamics Corporation (GD), reported transactions dated 08/25/2025. She acquired 3,220 shares of Common Stock (reported with transaction code M) at a price of $135.85, and disposed of 1,769 shares (transaction code F) at a price of $321.195. Following the reported non-derivative transactions, she beneficially owned 14,873 shares. The filing also reports the exercise of stock options covering 3,220 underlying shares with an exercise/conversion price of $135.85; the filing notes those options vested in two equal tranches on 03/02/2018 and 03/02/2019. The Form 4 was signed by Nicholas R. Barnaby by power of attorney on 08/27/2025.

Positive

• Exercise of vested options converting 3,220 options into shares, indicating realization of long-held equity awards
• Beneficial ownership increased to 14,873 shares after the transactions, as explicitly reported

Negative

• Partial disposition of 1,769 shares on the same date, reducing the insider's immediate shareholdings by that amount

Insights

Securities/Financial Analyst

TL;DR: Routine insider option exercise and partial sale increased reported direct holdings to 14,873 shares; no new compensation terms disclosed.

The filing documents an exercise of 3,220 options at a conversion/exercise price of $135.85 and a contemporaneous sale of 1,769 shares at $321.195 on 08/25/2025. The exercise reflects previously vested awards (50% vested 03/02/2018 and 50% vested 03/02/2019) rather than new grants. Net reported direct beneficial ownership after these transactions is 14,873 shares. This is a standard Section 16 disclosure showing liquidity from option exercise and partial disposition; the filing contains no information about additional grants, change in board status, or company-level financials.

Corporate Governance Expert

TL;DR: Disclosure is complete for the reported transactions and shows use of power of attorney for filing signature.

The Form 4 identifies the reporting person as a director and indicates the signature was executed by Nicholas R. Barnaby under power of attorney on 08/27/2025. The explanation clarifies vesting history for the exercised options. These elements meet standard governance transparency for insider transactions. The filing does not disclose any change in relationship to the issuer or additional governance actions.

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
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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^*

Schumacher Laura J

(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)
08/25/2025

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	08/25/2025		M		3,220	A	$135.85	14,873	D
Common Stock	08/25/2025		F		1,769	D	$321.195	13,104	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	08/25/2025		M			3,220	(1)	03/01/2026	Common Stock	3,220	$0	0	D

Explanation of Responses:

1. 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	08/27/2025
	** 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).
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FAQ

What transactions did GD director Laura J. Schumacher report on Form 4?

The filing reports an exercise of 3,220 options (conversion/exercise price $135.85) and a disposition of 1,769 common shares on 08/25/2025.

How many GD shares did Laura J. Schumacher own after the 08/25/2025 transactions?

The Form 4 shows 14,873 shares beneficially owned following the reported transactions.

What prices were reported for the transactions in the Form 4 for GD?

The acquisition is reported at $135.85 and the disposition at $321.195 on 08/25/2025.

When did the exercised options vest according to the Form 4?

The filing states the options vested in two equal tranches: 50% on 03/02/2018 and 50% on 03/02/2019.

Who signed the Form 4 for Laura J. Schumacher?

The Form 4 was signed by Nicholas R. Barnaby by power of attorney on 08/27/2025.