No actionable signal. Director-level cashless exercise-and-sell transactions at 0.0005% of market cap are routine and non-informative. Monitor for C-suite open-market sales or purchases at materially larger scale (>$10M) before reading any directional signal.
Price Chart
Executive Summary
Two GILD directors sold a combined $926K in open-market sales over a one-week window. Director Anthony Welters executed a multi-leg transaction on Aug 26 — exercising derivative options at $0 and $60.67-$61.35 strike prices, then immediately selling the resulting shares at ~$148.82 for $685K in proceeds. Director Jeffrey Bluestone sold 1.7K shares at $145.73 for $242K on Aug 20. The total open-market sale value of $926K represents approximately 0.0005% of GILD's $183.6B market cap — a trivial amount that falls well below the 0.1% materiality threshold. These are routine cashless exercise-and-sell transactions by directors, not informed selling.
Key Financial Metrics
Key Facts
- Two directors sold a combined $926K in open-market sales over 7 days
- Total sales represent ~0.0005% of GILD's $183.6B market cap
- Director Welters exercised 28,282 derivative shares at $0-$61.35, then sold 18,000 shares at ~$148.82
- Director Bluestone sold 1,700 shares at $145.73 for $242K
- All sales are cashless exercise-and-sell transactions, not conviction sells
Financial Impact
$926K in open-market sales, 0.0005% of market cap — immaterial
Risk Factors
- None — transaction value is trivial relative to market cap
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-GILD-1787872138733 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 2, 2026 4w ago | Insider Cluster | $149.61 $149.05 | ▼ −0.37% | ▼ −0.04% | $144.74 (−3.26%) |
Aug 27, 2026 5w ago | Insider Cluster | $145.68 $152.21 | ▲ +4.48% | ▲ +4.22% | $144.74 (−0.65%) |
Aug 21, 2026 5w ago | Insider Cluster | $146.74 $152.67 | ▲ +4.04% | ▲ +2.73% | $144.74 (−1.36%) |
Aug 18, 2026 6w ago | Insider Cluster | $147.60 $150.89 | ▲ +2.23% | ▲ +4.18% | $144.74 (−1.94%) |
Aug 18, 2026 6w ago | Court Ruling | $143.44 $147.68 | ▲ +2.96% | ▲ +4.27% | $144.74 (+0.91%) |
Aug 13, 2026 7w ago | Court Ruling | $138.14 $143.72 | ▲ +4.04% | ▲ +5.79% | $144.74 (+4.78%) |
Aug 6, 2026 8w ago | S-3ASR | $133.21 $151.00 | ▲ +13.35% | ▲ +13.75% | $144.74 (+8.66%) |
Jul 21, 2026 10w ago | ANALYST-DOWNGRADE | $130.28 $143.44 | ▼ −10.10% | ▼ −7.54% | $144.74 (−11.10%) |
Jul 16, 2026 11w ago | Insider Cluster | $134.28 $138.33 | ▲ +3.02% | ▼ −1.43% | $144.74 (+7.79%) |
Jul 6, 2026 12w ago | ANALYST-UPGRADE | $129.61 $130.21 | ▲ +0.46% | ▲ +1.03% | $144.74 (+11.67%) |
US Market Status
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