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Harvey Rory (GM) reports 6,600-share exercise and sale on 09/26/2025

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Harvey Rory, Executive Vice President of General Motors Co (GM), reported changes in his beneficial ownership on transactions dated 09/26/2025. The filing shows an acquisition of 6,600 shares of GM common stock at $52.16 per share and a contemporaneous sale of 6,600 shares at $61.95. After these transactions Mr. Rory beneficially owned 15,113 shares (following the acquisition) and 8,513 shares (following the sale) as reported in Table I. Table II notes employee stock option activity tied to a $52.16 exercise price for 6,600 options; the filing states these options were granted on February 18, 2021 and are fully vested. The form is signed by an attorney-in-fact on behalf of Mr. Rory on 09/30/2025.

Positive

  • Timely and clear disclosure of option exercise and share sale consistent with Section 16 reporting
  • Options fully vested (granted 02/18/2021), confirming the transaction relates to vested compensation rights

Negative

  • Insider sale of 6,600 shares was reported, which investors may interpret as partial monetization of holdings

Insights

TL;DR: Insider exercised options and sold an equal number of shares, realizing a price differential while retaining a meaningful direct stake.

The filing documents an option-related acquisition of 6,600 shares at $52.16 and a sale of 6,600 shares at $61.95 on the same date, which typically reflects exercise-and-sell activity by a senior executive. The retained direct beneficial ownership reported (8,513 shares after the sale) remains modest relative to large institutional holdings and gives limited incremental insight into company fundamentals. The explicit facts show the options were granted in 2021 and are fully vested, so the activity appears to be routine monetization of vested compensation rather than a new grant or a change in compensation policy.

TL;DR: Filing documents compliant disclosure of option exercise and sale by an executive; no governance red flags are evident in the form itself.

The Form 4 provides clear, timely reporting of an officer's transaction consistent with Section 16 requirements. The simultaneous acquisition and sale of the same number of shares is documented, and the explanatory note confirms the underlying options were granted on 02/18/2021 and are fully vested. There is no indication in the filing of undisclosed related-party transactions, pledging of shares, or amendment that would raise immediate governance concerns. Material context, such as company-wide insider trading patterns or motives, is not included in this filing and cannot be inferred from these facts alone.

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).
1. Name and Address of Reporting Person*
Harvey Rory

(Last) (First) (Middle)
300 RENAISSANCE CENTER
M/C: 482-C24-A68

(Street)
DETROIT MI 48265

(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
Executive Vice President
3. Date of Earliest Transaction (Month/Day/Year)
09/26/2025
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)
Code V Amount (A) or (D) Price
Common Stock 09/26/2025 M 6,600 A $52.16 15,113 D
Common Stock 09/26/2025 S 6,600 D $61.95 8,513 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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (Right to Buy) $52.16 09/26/2025 M 6,600 (1) 02/18/2031 Common Stock 6,600 $0 0 D
Explanation of Responses:
1. These stock options were granted on February 18, 2021, and are fully vested.
Remarks:
/s/ Tia Y. Turk, Attorney-in-Fact for Mr. Harvey 09/30/2025
** 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.

FAQ

What transactions did GM executive Harvey Rory report on Form 4?

The filing reports an acquisition of 6,600 common shares at $52.16 and a sale of 6,600 shares at $61.95, both dated 09/26/2025.

How many GM shares does Harvey Rory beneficially own after these transactions?

The report shows 15,113 shares following the acquisition entry and 8,513 shares following the sale entry as reported in Table I.

Were the underlying options vested for the reported option activity?

Yes. The filing states the employee stock options were granted on February 18, 2021 and are fully vested.

When was the Form 4 signed and by whom?

The Form 4 is signed by Tia Y. Turk, Attorney-in-Fact for Mr. Harvey and dated 09/30/2025.

What was the exercise price related to the reported options?

The employee stock option listed in Table II shows a $52.16 conversion/exercise price for 6,600 options.
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