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[Form 4] General Dynamics Corporation Insider Trading Activity

Filing Impact
(Very High)
Filing Sentiment
(Very Negative)
Form Type
4
Insider Burns Mark Lagrand
Role Executive Vice President
Sold 76,420 shs ($23.92M)
Approx. gross sale proceeds $23.92M
Approx. exercise cost $14.64M
Approx. pre-tax spread $9.28M
Type Security Shares Price Value
Exercise Stock Options 43,860 $0.00 $0.00
Exercise Common Stock 43,860 $167.61 $7.35M
Sale Common Stock 19,793 $311.853 $6.17M
Sale Common Stock 24,067 $312.623 $7.52M
Exercise Stock Options 32,560 $0.00 $0.00
Exercise Common Stock 32,560 $223.93 $7.29M
Sale Common Stock 7,715 $313.231 $2.42M
Sale Common Stock 24,845 $314.173 $7.81M
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Stock Options — 0 shares (Direct); Common Stock — 39,875.154 shares (Direct); Common Stock — 1,226.198 shares (Indirect, 401(k) Plan); Common Stock — 33,670 shares (Indirect, By Trust)
Footnotes (7)
  1. F1. Sale prices ranged from $312.805 to $313.801. 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. F2. Sale prices ranged from $313.805 to $314.67. 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.
  3. F3. Sale prices ranged from $311.16 to $312.155. 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.
  4. F4. Sale prices ranged from $312.16 to $313.115. 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.
  5. F5. Includes share activity under General Dynamics 401(k) plan since date of Reporting Person's last ownership report.
  6. F6. Fifty percent became exercisable on 03/07/2020, and the remaining fifty percent became exercisable on 03/07/2021.
  7. F7. Fifty percent became exercisable on 03/06/2021, and the remaining fifty percent became exercisable on 03/06/2022.

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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).
1. Name and Address of Reporting Person*
Burns Mark Lagrand
(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)
Executive Vice President
3. Date of Earliest Transaction (Month/Day/Year)
07/25/2025
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 07/25/2025 M 32,560 A $223.93 72,435.154 D
Common Stock 07/25/2025 S 7,715 D $313.231(1) 64,720.154 D
Common Stock 07/25/2025 S 24,845 D $314.173(2) 39,875.154 D
Common Stock 07/28/2025 M 43,860 A $167.61 83,735.154 D
Common Stock 07/28/2025 S 19,793 D $311.853(3) 63,942.154 D
Common Stock 07/28/2025 S 24,067 D $312.623(4) 39,875.154 D
Common Stock 1,226.198(5) I 401(k) Plan
Common Stock 33,670 I By Trust
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 07/25/2025 M 32,560 (6) 03/06/2028 Common Stock 32,560 $0 0 D
Stock Options $167.61 07/28/2025 M 43,860 (7) 03/05/2029 Common Stock 43,860 $0 0 D
Explanation of Responses:
1. Sale prices ranged from $312.805 to $313.801. 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. Sale prices ranged from $313.805 to $314.67. 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.
3. Sale prices ranged from $311.16 to $312.155. 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.
4. Sale prices ranged from $312.16 to $313.115. 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.
5. Includes share activity under General Dynamics 401(k) plan since date of Reporting Person's last ownership report.
6. Fifty percent became exercisable on 03/07/2020, and the remaining fifty percent became exercisable on 03/07/2021.
7. Fifty percent became exercisable on 03/06/2021, and the remaining fifty percent became exercisable on 03/06/2022.
Nicholas R. Barnaby, by Power of Attorney 07/29/2025
** 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.

Source: View Original Filing on SEC EDGAR