[Form 4] Gilead Sciences Inc Insider Trading Activity
Rhea-AI Filing Summary
Daniel P. O'Day, Chairman & CEO and director of Gilead Sciences, reported a sale of 10,000 shares of GILD common stock on 08/28/2025 at a price of $113.63 per share. After the reported sale, Mr. O'Day beneficially owned 595,725 shares. The filing states the sale was made pursuant to a Rule 10b5-1 trading plan adopted on February 28, 2025, and the Form 4 was signed by Edward S. Son by power of attorney on 08/29/2025. The document contains no additional transactions, derivatives, or explanatory financial data beyond these disclosure items.
Positive
- None.
Negative
- None.
Insights
TL;DR: CEO sold a modest portion of holdings under a pre-established 10b5-1 plan, indicating planned disposition rather than opportunistic trading.
The Form 4 discloses a single non-derivative sale of 10,000 shares by the Chairman & CEO executed under a Rule 10b5-1 plan. The plan adoption date is provided, which supports compliance with Section 16 reporting and helps mitigate concerns about opportunistic insider timing. The remaining beneficial ownership of 595,725 shares remains material but the filing does not state percentage ownership or changes over time, limiting assessment of dilution or control implications.
TL;DR: The disclosure meets Section 16 requirements and documents a planned sale; no undisclosed issues are evident from the form.
The Form 4 shows adherence to reporting rules: transaction date, price, post-transaction holdings, and a Rule 10b5-1 plan reference. The signature via power of attorney is noted. There are no derivative transactions or amendments reported. Because the filing contains no additional context, regulatory or litigation implications cannot be inferred beyond standard insider reporting practice.