Dickinson Andrew D 4
4 · GILEAD SCIENCES, INC. · Filed Mar 12, 2026
Research Summary
AI-generated summary of this filing
Gilead CFO Andrew Dickinson Exercises Options, Receives RSUs
What Happened
- Andrew D. Dickinson, Chief Financial Officer of Gilead Sciences (GILD), exercised stock options on 2026-03-10 to acquire 6,469 shares. To cover tax withholding, 3,147 shares were surrendered/disposed at $148.56 per share, totaling $467,518. On the same date he was granted restricted stock units (RSUs) totaling 45,470 units (9,590 + 35,880), recorded as derivative awards in the filing.
Key Details
- Transaction date: 2026-03-10; Form 4 filed 2026-03-12 (not a late filing).
- Option exercise: 6,469 shares acquired (transaction code M).
- Tax withholding/payment: 3,147 shares disposed at $148.56 each; proceeds/withholding = $467,518 (transaction code F).
- Grants: 9,590 RSUs and 35,880 RSUs awarded (transaction code A); grant value recorded as $0.00 for the 35,880 RSUs in the filing (the awards are contingent/derivative).
- Vesting: RSUs and stock options follow a four‑year vesting schedule — 25% at the first anniversary, then 6.25% quarterly thereafter (per footnotes).
- Shares owned after the transaction: not specified in the provided filing details.
- No 10b5-1 plan or other sale plan is referenced in the provided data.
Context
- The filing shows an option exercise combined with share withholding to satisfy tax obligations (common “net settlement”/withholding treatment), not an open‑market sale of shares for personal cash. The RSU grants are compensation awards that vest over time per the four‑year schedule; such grants are routine executive compensation and do not by themselves indicate a change in market view.
Insider Transaction Report
Form 4
Dickinson Andrew D
Chief Financial Officer
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-03-10+6,469→ 185,338 total - Tax Payment
Common Stock
2026-03-10$148.56/sh−3,147$467,518→ 182,191 total - Exercise/Conversion
Restricted Stock Unit
[F1][F2]2026-03-10−6,469→ 21,057 total→ Common Stock (6,469 underlying) - Award
Restricted Stock Unit
[F1][F2]2026-03-10+9,590→ 30,647 total→ Common Stock (9,590 underlying) - Award
Non-qualified Stock Option (Right to Buy)
[F3]2026-03-10+35,880→ 35,880 totalExercise: $148.56Exp: 2036-03-10→ Common Stock (35,880 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents the contingent right to receive one share of Gilead Sciences, Inc.'s common stock.
- [F2]The restricted stock units have a four-year vesting schedule. 25% vest on the first anniversary date of the grant. The balance will vest 6.25% quarterly thereafter until fully vested.
- [F3]The stock options have a four-year vesting schedule. 25% vest on the first anniversary date of the grant. The balance will vest 6.25% quarterly thereafter until fully vested.
Signature
/s/ Amy Kim by Power of Attorney for Andrew D. Dickinson|2026-03-12