Gilead CEO, CFO, and Two Others Sell 21,000 Shares Under 10b5-1 Plan
By ATTN Desk · Editorial oversight: Sean Han
Gilead Sciences (NASDAQ: GILD) executives including the Chief Executive Officer (CEO) and Chief Financial Officer (CFO) sold a total of 21,000 shares of common stock on June 15 and July 1 under prearranged Rule 10b5-1 trading plans.[1][2][3] All three transactions were disclosed as planned trades, and even after the sales, each executive retains a shareholding in the hundreds of thousands of shares, limiting insider dilution.[1][2][3]
Transaction Overview
| Executive | Title | Trade Date | Shares Sold | Average Price (USD) | Total Proceeds (USD) | Transaction Type |
|---|---|---|---|---|---|---|
| Andrew D. Dickinson | Chief Financial Officer (CFO) | 2026-06-15 | 3,000 | 125.40 | 376,200 | Open-market Sale[1] |
| Johanna Mercier | Chief Comm & Corp Aff Officer | 2026-06-15 | 3,000 | approx. 123.72 (3-trade average) | approx. 371,763.08 | Open-market Sale[2] |
| Daniel Patrick O'Day | Chairman and Chief Executive Officer (CEO) | 2026-07-01 | 15,000 | approx. 126.37 (2-trade average) | approx. 1,884,435.93 | Open-market Sale[3] |
The average price and total amounts are simple calculations based on disclosed individual trade prices and quantities; all other figures are directly sourced from the filings.[1][2][3]
Detailed Transactions by Executive
CFO Andrew D. Dickinson
- On June 15, 2026, he sold 3,000 shares of common stock at $125.40 per share, securing $376,200 in total proceeds.[1]
- This transaction was made under a Rule 10b5-1 trading plan adopted on August 29, 2024.[1]
- After the trade, Dickinson directly holds 171,646 shares, which at the sale price equates to approximately $2,152,668.40.[1]
Chief Comm & Corp Aff Officer Johanna Mercier
- On June 15, 2026, she sold a total of 3,000 shares in three separate open-market transactions.[2]
- 1,480 shares at $123.4166 per share, totaling $182,657.57.[2]
- 1,070 shares at $123.9958 per share, totaling $132,675.51.[2]
- 450 shares at $125.40 per share, totaling $56,430.[2]
- All three trades were made under a Rule 10b5-1 trading plan adopted on February 20, 2025, resulting in total proceeds of approximately $371,000.[2]
- After the sales, Mercier continues to hold approximately 124,234 shares of Gilead common stock.[2]
Chairman and CEO Daniel Patrick O'Day
- On July 1, 2026, he sold a total of 15,000 shares in two separate open-market transactions.[3]
- 11,900 shares at $126.0897 per share, generating $1,490,503.43 in proceeds.[3]
- 3,100 shares at $127.075 per share, generating $393,932.50 in proceeds.[3]
- According to the filings, the actual execution prices for the two trades ranged between $125.59 and $127.44.[3]
- The sales were made under a Rule 10b5-1 trading plan adopted on February 25, 2026, and after the transactions, O'Day continues to hold 607,133 shares.[3]
Post-Transaction Shareholdings Comparison
| Executive | Shares Held After Sale | Notes |
|---|---|---|
| Andrew D. Dickinson | 171,646 shares | approx. $2.15 million at the sale price[1] |
| Johanna Mercier | 124,234 shares | Maintains a shareholding in the hundreds of thousands[2] |
| Daniel P. O'Day | 607,133 shares | Executive with the largest shareholding[3] |
All three Form 4 filings were made under pre-established Rule 10b5-1 plans, suggesting that these trades are planned liquidity events rather than opportunistic timing decisions, so shareholders should focus on the share structure and remaining holdings rather than interpreting them as short-term insider sell signals.[1][2][3]
Sources
- [1]SEC Form 4 — GILEAD SCIENCES, INC. · 2026-06-16
- [2]SEC Form 4 — GILEAD SCIENCES, INC. · 2026-06-16
- [3]SEC Form 4 — GILEAD SCIENCES, INC. · 2026-07-02