Gilead (GILD) Insider Discloses 2,500-Share Sale; Recent Sales Total 5,000 Shares
Rhea-AI Filing Summary
Form 144 filing for Gilead Sciences (GILD) shows an insider intends to sell 2,500 common shares through Morgan Stanley Smith Barney on 08/15/2025, with an aggregate market value of $296,325 and the shares listed for sale on NASDAQ. The filing identifies prior acquisitions of the shares as restricted stock granted on 03/10/2024 (1,200 shares) and 03/10/2023 (1,300 shares). The notice also lists sales by the same person during the past three months totaling 5,000 shares with aggregate cash proceeds of approximately $553,000. The filer signs a representation that they are not aware of undisclosed material adverse information about the issuer.
Positive
- Transparent disclosure of planned sale details including broker, date, share count, and aggregate market value.
- Acquisition history provided showing shares were received as restricted stock on 03/10/2023 and 03/10/2024.
- Recent transaction history disclosed showing 5,000 shares sold in the past three months with aggregate proceeds of approximately $553,000.
- Attestation included that the filer represents no knowledge of undisclosed material adverse information.
Negative
- Insider selling activity could be perceived negatively by some investors: 5,000 shares sold in the prior three months.
- Proposed additional sale of 2,500 shares (market value $296,325) scheduled for 08/15/2025.
Insights
TL;DR: Routine insider sale disclosure: planned sale of 2,500 shares and recent sales of 5,000 shares totaling roughly $553k.
The filing is a standard Rule 144 notice documenting a proposed sale of 2,500 common shares via Morgan Stanley Smith Barney on 08/15/2025 for an aggregate stated market value of $296,325. It confirms the lots were acquired as restricted stock on 03/10/2023 and 03/10/2024, and provides a complete recent transaction history showing 5,000 shares sold in the prior three months for about $553,000 in gross proceeds. For investors, this is a transparency disclosure of insider liquidity activity rather than a corporate-operational update.
TL;DR: Filing documents insider liquidity and includes the standard representation about material non-public information.
This Form 144 contains required broker, lot, and acquisition details and the signer’s attestation that they do not possess undisclosed material adverse information. The notice supports regulatory compliance for an insider sale and helps stakeholders track officer/director/affiliate share disposals. It does not include additional corporate governance actions or changes in control.