Gilead (NASDAQ: GILD) director sells 18,000 shares via 10b5-1 plan
Rhea-AI Filing Summary
GILEAD SCIENCES, INC. (GILD) director Anthony Welters reported an exercise-and-sell transaction on August 26, 2026. He exercised non-qualified stock options covering 18,000 shares of common stock at exercise prices of $60.67 and $61.35 per share, acquiring 18,000 shares. He then sold 18,000 shares of GILD common stock in multiple open-market trades at prices ranging from $147.57 to $149.58 per share, pursuant to a Rule 10b5-1 trading plan adopted on May 27, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and Sale: 18,000 shares ($1.58M approx. pre-tax spread)
Exercise and Sale
8 txns
Insider
WELTERS ANTHONY
Role
Director
Sold
18,000 shs ($2.68M)
Approx. gross sale proceeds
$2.68M
Approx. exercise cost
$1.10M
Approx. pre-tax spread
$1.58M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-qualified Stock Option (Right to Buy) F1, F6 | 7,718 | $0.00 | $0.00 |
| Exercise | Non-qualified Stock Option (Right to Buy) F1, F7 | 10,282 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 7,718 | $60.67 | $468K |
| Sale | Common Stock F1, F2 | 3,118 | $148.3106 | $462K |
| Sale | Common Stock F1, F3 | 4,600 | $148.824 | $685K |
| Exercise | Common Stock F1 | 10,282 | $61.35 | $631K |
| Sale | Common Stock F1, F4 | 3,402 | $148.2353 | $504K |
| Sale | Common Stock F1, F5 | 6,880 | $148.8227 | $1.02M |
Holdings After Transaction:
Non-qualified Stock Option (Right to Buy) — 5,569 shares (Direct);
Common Stock — 12,894 shares (Direct)
Footnotes (7)
- F1. The transactions reported in this Form 4 are made pursuant to a Rule 10b5-1 trading plan adopted on May 27, 2026.
- F2. Sale prices for the transactions reported range from $147.58 to $148.5799. Full information regarding the number of shares purchased or sold at each separate price will be provided to the SEC, the issuer, or its shareowners upon request.
- F3. Sale prices for the transactions reported range from $148.58 to $149.5799. Full information regarding the number of shares purchased or sold at each separate price will be provided to the SEC, the issuer, or its shareowners upon request.
- F4. Sale prices for the transactions reported range from $147.57 to $148.5699. Full information regarding the number of shares purchased or sold at each separate price will be provided to the SEC, the issuer, or its shareowners upon request.
- F5. Sale prices for the transactions reported range from $148.57 to $149.5699. Full information regarding the number of shares purchased or sold at each separate price will be provided to the SEC, the issuer, or its shareowners upon request.
- F6. 100% of the shares subject to the stock option vested immediately upon the grant date of October 22, 2020.
- F7. 25% of the shares subject to the option vested on each three-month anniversary measured from October 22, 2020 such that 100% of the shares subject to the option were fully vested and exercisable on October 22, 2021.
Key Figures
Options Exercised: 18,000 shares of common stock
Sell Transactions: 18,000 shares of common stock
Exercise Price: $60.67 per share
+4 more
7 metrics
Options Exercised
18,000 shares of common stock
Exercised from non-qualified stock options on August 26, 2026
Sell Transactions
18,000 shares of common stock
Total shares sold in open-market transactions on August 26, 2026
Exercise Price
$60.67 per share
Non-qualified stock option with expiration October 22, 2030
Exercise Price
$61.35 per share
Non-qualified stock option with expiration May 5, 2032
Sale Price Range
$147.58 to $148.5799 per share
Price range for one set of reported sales on August 26, 2026
Sale Price Range
$148.58 to $149.5799 per share
Price range for another set of reported sales on August 26, 2026
Rule 10b5-1 Plan Adoption Date
May 27, 2026
Date the trading plan governing these transactions was adopted
Key Terms
Non-qualified Stock Option, Rule 10b5-1 trading plan, Exercise or conversion of derivative security, open market or private transaction
4 terms
Non-qualified Stock Option financial
"Non-qualified Stock Option (Right to Buy)"
A non-qualified stock option (NSO) is a contract that lets an employee or service provider buy company shares at a fixed price for a set period, like a voucher to purchase stock later at today’s price. It matters to investors because exercising NSOs creates ordinary income for the holder and can increase share count, affecting a company’s earnings and ownership mix; think of it as a future sale that can dilute existing shareholders and has immediate tax consequences for the recipient.
Rule 10b5-1 trading plan regulatory
"made pursuant to a Rule 10b5-1 trading plan adopted on May 27, 2026"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security"
open market or private transaction financial
"transaction_code_description": "Sale in open market or private transaction"
FAQ
What insider transaction did GILD director Anthony Welters report?
Anthony Welters reported exercising non-qualified stock options for 18,000 shares of Gilead Sciences common stock and selling 18,000 shares in open-market transactions on August 26, 2026, as disclosed in a Form 4.
Were Anthony Welters’ GILD trades under a Rule 10b5-1 trading plan?
Yes. The Form 4 states that the transactions were made pursuant to a Rule 10b5-1 trading plan adopted on May 27, 2026, indicating they were pre-arranged under that plan.
What types of securities were involved in Anthony Welters’ GILD Form 4?
The filing shows derivative securities in the form of non-qualified stock options that were exercised into 18,000 shares of common stock, followed by sales of those common shares in the open market.
AI-generated analysis. How Rhea-AI works. Not financial advice.