What does the GRAT-related footnote in GM’s Form 4 for Mary Barra explain?

The footnote states that Barra’s beneficial ownership includes 81,289 shares returned to her upon completion of the final GRAT annuity . This distribution had been noted in a prior Form 4 and clarifies that these trust-related shares are now counted in her owned securities.

Mary Barra trades GM stock: option exercise and sale of 29,486 shares (GM)

Q: What insider transactions did GM CEO Mary Barra report in this Form 4 for GM?

Mary Barra reported exercising 29,486 employee stock options at $39.0000 per share and selling 29,486 common shares at a weighted average price of $59.9200 on September 12, 2025, leaving her with 633,527 GM common shares held directly.

Q: How many GM shares did Mary Barra sell on September 12, 2025 in this GM Form 4?

Mary Barra sold 29,486 GM common shares at a weighted average price of $59.9200 per share. The shares were sold in multiple transactions within a $59.90–$60.00 range, as detailed in the filing’s footnote describing the weighted average selling price.

Q: At what price did Mary Barra exercise her GM stock options in this Form 4 for GM?

She exercised employee stock options to acquire 29,486 GM shares at an exercise price of $39.0000 per share. These options were originally granted on February 13, 2019 and were fully vested at the time of exercise, according to the compensation-related footnote.

Q: How many GM common shares does Mary Barra hold after the reported Form 4 transactions for GM?

After the reported transactions, Mary Barra directly holds 633,527 GM common shares . This post-transaction balance reflects her direct ownership position and includes shares returned to her from a completed GRAT annuity that are counted in her beneficial ownership.

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

General Motors Chair & CEO Mary Barra exercised 29,486 employee stock options at $39.0000 per share and, on September 12, 2025, sold 29,486 common shares at a weighted average price of $59.9200. After these transactions she holds 633,527 General Motors common shares directly, with beneficial ownership including 81,289 shares returned upon completion of a final GRAT annuity.

Insights

TL;DR: CEO exercised vested options and sold the same number of shares, realizing value above exercise price; holdings remain substantial.

The filing documents a routine executive liquidity event: 29,486 options exercised at a $39 strike and an equal number of shares sold at a weighted average of $59.92 on 09/12/2025, implying proceeds materially above the exercise cost per share. The options were granted in 2019 and are fully vested, and the report confirms the reporting person retains significant direct and derivative ownership: 633,527 shares after sale and 205,514 options outstanding. The filing additionally records distribution of 81,289 shares from a GRAT settlement previously disclosed. This is a transactional disclosure rather than a change in corporate strategy or governance.

TL;DR: Transaction appears compliant and routine; signature filed by attorney-in-fact and includes required explanatory footnotes.

The Form 4 contains standard disclosures including transaction codes, weighted average sale price range, and an explanatory footnote regarding a GRAT distribution. The signature is by an attorney-in-fact, and the filer indicates the sale was executed pursuant to a written plan condition (checked box referencing Rule 10b5-1(c)), which supports affirmative-defense disclosure. There are no disclosures of new grants, departures, or governance changes in this filing.

Insider Trade Summary

Exercise and Sale: 29,486 shares ($617K approx. pre-tax spread)

Exercise and Sale 3 txns

Insider Barra Mary T

Role Chair & CEO

Sold 29,486 shs ($1.77M)

Approx. gross sale proceeds $1.77M

Approx. exercise cost $1.15M

Approx. pre-tax spread $617K

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option (Right to Buy)	29,486	$0.00	$0.00
Exercise	Common Stock	29,486	$39.00	$1.15M
Sale	Common Stock	29,486	$59.92	$1.77M

Holdings After Transaction: Employee Stock Option (Right to Buy) — 205,514 shares (Direct); Common Stock — 633,527 shares (Direct)

Footnotes (3)

F1. The amount of securities beneficially owned includes the distribution of 81,289 shares returned to the reporting person upon completion of the final GRAT annuity, as previously noted on the reporting person's Form 4 filing on August 29, 2025.
F2. The price in Column 4 is the weighted average selling price of the shares. The shares were sold in multiple transactions at prices from $59.90 to $60.00, inclusive. The Reporting Person undertakes to provide to the SEC, GM and any security holder, upon request, full information regarding the number of shares sold at each price point within the ranges set forth in this footnote.
F3. These stock options were granted on February 13, 2019, and are fully vested.

Key Figures

Options exercised: 29,486 shares Shares sold: 29,486 shares Exercise price: $39.0000 per share +3 more

6 metrics

Options exercised 29,486 shares Employee stock options exercised at $39.0000 per share on 2025-09-12

Shares sold 29,486 shares Common stock sale on 2025-09-12 at weighted average $59.9200 per share

Exercise price $39.0000 per share Conversion or exercise price for employee stock options exercised

Weighted average sale price $59.9200 per share Shares sold in multiple transactions between $59.90 and $60.00

Post-transaction common shares 633,527 shares Direct holdings of General Motors common stock after reported transactions

GRAT distribution shares 81,289 shares Returned upon completion of final GRAT annuity, included in beneficial ownership

Key Terms

Employee Stock Option (Right to Buy), weighted average selling price, GRAT annuity

3 terms

Employee Stock Option (Right to Buy) financial

"security_title "Employee Stock Option (Right to Buy)" for derivative transaction"

weighted average selling price financial

"The price in Column 4 is the weighted average selling price of the shares."

GRAT annuity financial

"includes the distribution of 81,289 shares returned upon completion of the final GRAT annuity"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 09/16/2025 - 04:27 PM

FAQ

What insider transactions did GM CEO Mary Barra report in this Form 4 for GM?

Mary Barra reported exercising 29,486 employee stock options at $39.0000 per share and selling 29,486 common shares at a weighted average price of $59.9200 on September 12, 2025, leaving her with 633,527 GM common shares held directly.

How many GM shares did Mary Barra sell on September 12, 2025 in this GM Form 4?

Mary Barra sold 29,486 GM common shares at a weighted average price of $59.9200 per share. The shares were sold in multiple transactions within a $59.90–$60.00 range, as detailed in the filing’s footnote describing the weighted average selling price.

At what price did Mary Barra exercise her GM stock options in this Form 4 for GM?

She exercised employee stock options to acquire 29,486 GM shares at an exercise price of $39.0000 per share. These options were originally granted on February 13, 2019 and were fully vested at the time of exercise, according to the compensation-related footnote.

How many GM common shares does Mary Barra hold after the reported Form 4 transactions for GM?

After the reported transactions, Mary Barra directly holds 633,527 GM common shares. This post-transaction balance reflects her direct ownership position and includes shares returned to her from a completed GRAT annuity that are counted in her beneficial ownership.

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^*

Barra Mary T

(Last)

(First)

(Middle)

300 RENAISSANCE CENTER

M/C: 482-C24-A68

(Street)

DETROIT

48265-3000

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
General Motors Co [ GM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chair & CEO

3. Date of Earliest Transaction (Month/Day/Year)
09/12/2025

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	09/12/2025		M		29,486	A	$39	663,013⁽¹⁾	D
Common Stock	09/12/2025		S		29,486	D	$59.92⁽²⁾	633,527	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Stock Option (Right to Buy)	$39	09/12/2025		M			29,486	⁽³⁾	02/13/2029	Common Stock	29,486	$0	205,514	D

Explanation of Responses:

1. The amount of securities beneficially owned includes the distribution of 81,289 shares returned to the reporting person upon completion of the final GRAT annuity, as previously noted on the reporting person's Form 4 filing on August 29, 2025.

2. The price in Column 4 is the weighted average selling price of the shares. The shares were sold in multiple transactions at prices from $59.90 to $60.00, inclusive. The Reporting Person undertakes to provide to the SEC, GM and any security holder, upon request, full information regarding the number of shares sold at each price point within the ranges set forth in this footnote.

3. These stock options were granted on February 13, 2019, and are fully vested.

Remarks:

	/s/ Tia Y. Turk, Attorney-In-Fact for Ms. Barra	09/16/2025
	** 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.

Source: View Original Filing on SEC EDGAR