General Dynamics Insider: Option Exercises and Sales by William Moss

Rhea-AI Filing Summary

General Dynamics (GD) insider activity: William A. Moss, Vice President and Controller, reported multiple option exercises and share sales on 08/14/2025. He exercised 8,780 options at a $223.93 strike and sold the resulting shares at prices disclosed in a range around $316.32. He also exercised 8,920 options at a $165.47 strike and sold shares at prices around $316.32. Following transactions, Moss directly owns 16,627 shares and indirectly holds 1,265.326 shares through the company 401(k) plan. Some stock options remain exercisable through 2028 and 2030.

Insights

Financial Analyst

TL;DR Routine insider option exercises and share sales by a senior officer; transaction size appears proportional to typical executive equity activity.

The reported transactions show exercises of two option tranches with different strikes and immediate sales at market prices. The exercises convert vested option grants into common shares and then reduce direct share ownership via sales. There is no disclosure of unusual concentrations or large incremental ownership changes that would materially alter the company capital structure or signaling beyond routine liquidity actions.

Corporate Governance Expert

TL;DR Disclosure aligns with Section 16 requirements; transactions appear compliant and include plan-held indirect holdings disclosure.

The filing identifies the reporting person, relationship to issuer, and provides exercise dates, strike prices, and sale price ranges. Indirect ownership via the 401(k) plan is disclosed. The form includes an explanation of exercisability schedules and offers to provide per-price sale breakdowns, which supports transparency for stakeholders reviewing insider trading activity.

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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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^*

Moss William A

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Vice President and Controller

3. Date of Earliest Transaction (Month/Day/Year)
08/14/2025

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	08/14/2025		M		8,780	A	$223.93	25,407	D
Common Stock	08/14/2025		S		8,780	D	$316.48	16,627	D
Common Stock	08/14/2025		M		8,920	A	$165.47	25,547	D
Common Stock	08/14/2025		S		8,920	D	$316.324(1)	16,627	D
Common Stock								1,265.326(2)	I	401(k) Plan

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	$223.93	08/14/2025		M			8,780	(3)	03/06/2028	Common Stock	8,780	$0	0	D
Stock Options	$165.47	08/14/2025		M			8,920	(4)	03/03/2030	Common Stock	8,920	$0	8,920	D

Explanation of Responses:

1. Sale prices ranged from $316.22 to $316.71. 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. Includes share activity under General Dynamics 401(k) plan since date of Reporting Person's last ownership report.

3. Fifty percent became exercisable on 03/07/2020, and the remaining fifty percent became exercisable on 03/07/2021.

4. 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	08/18/2025
	** 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 did William A. Moss report on Form 4 for GD?

He reported exercising 8,780 options at a $223.93 strike and 8,920 options at a $165.47 strike, and selling those shares on 08/14/2025.

How many GD shares does the reporting person own after the transactions?

Following the reported transactions, he directly beneficially owns 16,627 shares and indirectly holds 1,265.326 shares through the company 401(k) plan.

At what prices were the GD shares sold according to the filing?

Sale prices ranged approximately from $316.22 to $316.71, with an aggregated price reference of about $316.32 noted in the table.

Are the exercised GD stock options still exercisable?

The filing notes option exercisability schedules: one grant became partially exercisable in 2020-2021 and the other in 2022-2023; remaining exercises had expirations in 03/06/2028 and 03/03/2030 respectively.

Does the Form 4 disclose indirect holdings for GD?

Yes. The filing discloses indirect beneficial ownership of 1,265.326 shares held through the General Dynamics 401(k) plan.