General Dynamics (GD) Director Exercises Options and Sells Shares on 08/22/2025

Rhea-AI Filing Summary

General Dynamics director Malcolm Mark executed and reported option-related transactions on 08/22/2025. He exercised 1,210 stock options with an exercise price of $140.87 and immediately sold 1,210 shares at $319.04 per share. The transactions left him with 10,186 shares beneficially owned, down from 11,396 before the reported activity. The Form 4 identifies the reporting person as a director and shows the derivative option had originally vested in two equal tranches, one vested 10/07/2017 and the second 10/07/2018.

Insights

Securities Analyst

TL;DR: Routine director option exercise and sale; changes ownership modestly, no new disclosures of material corporate events.

The filing documents a same-day exercise and sale of 1,210 shares by a company director, executed via a previously granted option with a $140.87 exercise price. The sale price of $319.04 per share and the immediate disposition are consistent with cashless or sell-to-cover behavior common for option exercises. The net beneficial ownership declined from 11,396 to 10,186 shares, a change that is notable for disclosure but not, by itself, evidence of material corporate developments.

Corporate Governance Expert

TL;DR: Disclosure complies with Section 16 reporting; transaction reflects vested option exercise and subsequent sale.

The Form 4 indicates proper reporting of an exercise (derivative) and an open-market sale on the same date by a director. The explanation clarifies the option vested in two tranches in 2017 and 2018. There are no indications in this filing of insider trading plan reliance or other governance changes; it is a routine ownership change by an insider.

Insider Trade Summary

Exercise and Sale: 1,210 shares ($216K approx. pre-tax spread)

Exercise and Sale 3 txns

Insider Malcolm Mark

Role Director

Sold 1,210 shs ($386K)

Approx. gross sale proceeds $386K

Approx. exercise cost $170K

Approx. pre-tax spread $216K

Type	Security	Shares	Price	Value
Exercise	Stock Options	1,210	$0.00	$0.00
Exercise	Common Stock	1,210	$140.87	$170K
Sale	Common Stock	1,210	$319.04	$386K

Holdings After Transaction: Stock Options — 0 shares (Direct); Common Stock — 10,186 shares (Direct)

Footnotes (1)

1. F1. Fifty percent became exercisable on 10/07/2017 and the remaining fifty percent became exercisable on 10/07/2018.

FAQ

What did General Dynamics director Malcolm Mark report on Form 4 (GD)?

He reported exercising 1,210 stock options at an exercise price of $140.87 and selling 1,210 shares at $319.04 on 08/22/2025.

How did Malcolm Mark's beneficial ownership change after the transactions?

Beneficial ownership declined from 11,396 shares before the transactions to 10,186 shares following the reported activity.

What type of security and derivative were involved in the Form 4?

The report covers Common Stock and an underlying Stock Option with an exercise price of $140.87.

When did the option vest according to the filing?

The filing states 50% of the option became exercisable on 10/07/2017 and the remaining 50% on 10/07/2018.

Who signed the Form 4 on behalf of the reporting person?

The form was signed by Nicholas R. Barnaby, by Power of Attorney on 08/26/2025.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 08/26/2025 - 02:00 PM Learn about SEC filing dates

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 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)
08/22/2025

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	08/22/2025		M		1,210	A	$140.87	11,396	D
Common Stock	08/22/2025		S		1,210	D	$319.04	10,186	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	$140.87	08/22/2025		M			1,210	(1)	10/06/2025	Common Stock	1,210	$0	0	D

Explanation of Responses:

1. Fifty percent became exercisable on 10/07/2017 and the remaining fifty percent became exercisable on 10/07/2018.

	Nicholas R. Barnaby, by Power of Attorney	08/26/2025
	** 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.