GD CLUSTER SEC Filing Analysis

Final — all horizons settled through T+60d

GD ▼ -4.50% at T+60d

NEUTRAL call ✗ call lost -4.50% · α vs SPY -16.02% · entry $352.93 → $337.04

Last close $360.22 (close Jun 12) · +2.06% from $352.93 entry

Entry anchored
Mar 10, 03:59 PM ET
via Databento tick

T+1d

+0.62%

call +0.62% · α +2.10%

$355.11

settled 3mo ago

T+5d

+0.18%

call +0.18% · α +2.36%

$353.55

settled 3mo ago

T+20d

-2.62%

call -2.62% · α -3.14%

$343.68

settled 2mo ago

T+60d

-4.50%

call -4.50% · α -16.02%

$337.04

settled 11d ago

Price Chart

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Executive Summary

Multiple senior executives at General Dynamics, including the CEO and CFO, surrendered shares to cover tax obligations following a vesting event, while two executives conducted open-market sales totaling $4.9 million. The majority of transactions were non-cash tax withholdings, which are routine and not indicative of sentiment.

Key Financial Metrics

Direction

selling

Total Value

$4.9M

Insiders

15

Actionable Insight

This cluster reflects routine equity vesting and pre-planned sales, not a signal of negative outlook. Traders should monitor for any deviation from historical patterns in future filings, especially open-market purchases or accelerated sales ahead of earnings.

Key Facts

CEO Phebe Novakovic and CFO Kimberly Kuryea each surrendered over $2 million in shares for tax withholding, part of a broader pattern affecting 13 insiders.
Two open-market sales occurred: Mark Lagrand sold $3.6M and Gregory Gallopoulos sold $1.3M — both are material but within expected ranges for executive liquidity management.
All tax-related share surrenders (codes F) occurred at $359.79 per share on March 9, 2026, indicating a coordinated vesting of equity awards.
Total value of open-market sales in the cluster: $4.9M, representing just 0.005% of GD's $96.1B market cap — well below materiality threshold.
No open-market purchases or unusual dispositions (e.g., D, G, J) were reported.

Financial Impact

$4.9 million in open-market sales over 7 days, plus $6.7 million in tax-related share surrenders

insider ownershipfloat

Risk Factors

Perception risk: Large nominal insider 'sales' may be misinterpreted by retail investors as bearish despite being tax-driven.
Concentration risk: Continued executive selling over time could signal lack of long-term confidence, though current activity is consistent with normal practices.

Market Snapshot

Exchange

NYSE

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

Document	Accession Number
CONTEXT: Insider Cluster Data (15 trades, 7d window)	cluster-GD-1773427421740

6 reports for GD

T+1T+5T+20T+60

Track record builds as more directional reports settle.

Filters

Reports for GD — sortable, filterable
	Type				Now
Jun 14, 2026 1d ago	Institutional Cluster MIXED ★ 5/10	—	awaiting T+5	—	—
May 27, 2026 19d ago	GOVT-CONTRACT NEUTRAL ★ 4/10	$342.60 $337.04	▼ −1.62%	▼ −2.12%	$360.22 (+5.14%)
Apr 29, 2026 6w ago	8-K BULLISH ★ 7/10	$337.58 $346.40	▲ +2.61%	▼ −0.50%	$360.22 (+6.71%)
Mar 27, 2026 11w ago	DEFA14A NEUTRAL ★ 2/10	$339.26 $348.16	▲ +2.62%	▼ −1.68%	$360.22 (+6.18%)
Mar 11, 2026 13w ago	Insider Cluster NEUTRAL ★ 2/10	$352.93 $353.55	▲ +0.18%	▲ +2.36%	$360.22 (+2.06%)
Mar 11, 2026 13w ago	Insider Cluster NEUTRAL ★ 4/10	$352.93 $353.55	▲ +0.18%	▲ +2.36%	$360.22 (+2.06%)

US Market Status

Market Closed — Opens in 4h 8m

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