The open-market sales are small in absolute and relative terms, and the cluster is dominated by non-cash derivative exercises and tax-withholding transactions. No material insider signal here — monitor for any larger open-market sales or a change in pattern (e.g., CEO selling without a plan).
Price Chart
Executive Summary
Two GILD executives (CFO Dickinson and CCO Mercier) sold a combined $523K in open-market sales on September 15, 2026, while the same insiders and other C-suite officers exercised derivative options and surrendered shares for tax withholding on September 10. The open-market sales are modest relative to GILD's market cap and follow a pattern of derivative exercises, suggesting routine portfolio management rather than a negative signal.
Key Financial Metrics
Key Facts
- CFO Dickinson sold 3,000 shares at $145.29 for $436K on 2026-09-15
- CCO Mercier sold 600 shares at $145.29 for $87K on 2026-09-15
- Total open-market sales: $523K
- On 2026-09-10, multiple insiders (CEO, CFO, CCO, CMO, GC) exercised derivative options at $0 and surrendered shares for tax withholding
- No 10b5-1 plan indicated for the open-market sales
- The open-market sales are <0.1% of GILD's market cap (estimated ~$180B), well below materiality thresholds
Financial Impact
Total open-market sales of $523K represent less than 0.1% of GILD's market cap — trivial in scale
Risk Factors
- If the CFO or CCO continue selling in larger amounts without a 10b5-1 plan, it could signal reduced confidence
- The derivative exercises and tax surrenders are routine and carry no informational value
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-GILD-1789620757961 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 5d ago | Institutional Cluster | $156.04 | awaiting T+5 | — | $159.08 (−1.95%) |
Oct 16, 2026 11d ago | Insider Cluster | $153.07 $158.69 | ▲ +3.67% | ▲ +3.82% | $159.08 (+3.93%) |
Oct 14, 2026 14d ago | Court Ruling | $157.37 $157.19 | ▼ −0.11% | ▲ +0.90% | $159.08 (+1.09%) |
Sep 16, 2026 6w ago | Insider Cluster | $150.89 $149.69 | ▼ −0.80% | ▼ −1.40% | $159.08 (+5.43%) |
Sep 16, 2026 6w ago | Insider Cluster | $150.89 $149.69 | ▼ −0.80% | ▼ −1.65% | $159.08 (+5.43%) |
Sep 2, 2026 7w ago | Insider Cluster | $150.37 $142.92 | ▼ −4.96% | ▼ −3.81% | $159.08 (+5.79%) |
Aug 27, 2026 8w ago | Insider Cluster | $145.68 $151.00 | ▲ +3.65% | ▲ +3.54% | $159.08 (+9.20%) |
Aug 21, 2026 9w ago | Insider Cluster | $146.74 $146.34 | ▼ −0.27% | ▼ −0.74% | $159.08 (+8.41%) |
Aug 18, 2026 10w ago | Insider Cluster | $147.60 $148.09 | ▲ +0.33% | ▲ +0.72% | $159.08 (+7.78%) |
Aug 18, 2026 10w ago | Court Ruling | $147.60 $148.09 | ▲ +0.33% | ▲ +0.72% | $159.08 (+7.78%) |
US Market Status
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