Gilead (GILD) CFO Andrew Dickinson sells 3,000 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gilead Sciences Chief Financial Officer Andrew D. Dickinson reported an open-market sale of 3,000 shares of common stock at an average price of $132.27 per share. After this transaction, he directly holds 173,191 shares of Gilead common stock. The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on August 29, 2024, indicating the trade was scheduled in advance rather than timed discretionarily.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 3,000 shares ($396,810)
Net Sell
1 txn
Insider
Dickinson Andrew D
Role
Chief Financial Officer
Sold
3,000 shs ($397K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,000 | $132.27 | $397K |
Holdings After Transaction:
Common Stock — 173,191 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 3,000 shares
Sale price: $132.27 per share
Shares held after sale: 173,191 shares
+1 more
4 metrics
Shares sold
3,000 shares
Open-market sale of Gilead common stock
Sale price
$132.27 per share
Average price for the 3,000 shares sold
Shares held after sale
173,191 shares
Direct ownership by CFO following the transaction
Trading plan adoption date
August 29, 2024
Date CFO adopted Rule 10b5-1 trading plan
Key Terms
Rule 10b5-1 trading plan, open-market sale, Form 4, Common Stock
4 terms
Rule 10b5-1 trading plan regulatory
"The transaction reported in this Form 4 is made pursuant to a Rule 10b5-1 trading plan"
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.
open-market sale financial
"transaction_action: "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Form 4 regulatory
"The transaction reported in this Form 4 is made pursuant to a Rule 10b5-1 trading plan"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Common Stock financial
"security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did Gilead (GILD) report for its CFO?
Gilead’s Chief Financial Officer Andrew D. Dickinson reported selling 3,000 shares of common stock. The shares were sold in an open-market transaction at an average price of $132.27 per share, according to a recent Form 4 insider trading report.