=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-05-11
10b5-1 Pre-arranged Plan: No
--- Issuer ---
Name: GENERAL DYNAMICS CORP (GD)
CIK: 0000040533
--- Reporting Owner ---
Name: Burns Mark Lagrand
CIK: 0001646746
Role: Officer (Executive Vice President)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Common Stock
Date: 2026-05-11 | Code: M (Exercise of derivative)
Shares: +36,230 | Price: $165.47
Total Value: $5,994,978.10
Shares Owned After: 75,205.154 | Ownership: D (Direct)
[Transaction #2]
Security: Common Stock
Date: 2026-05-11 | Code: S (Open market sale)
Shares: -7,589 | Price: $342.83
Total Value: $2,601,759.64
Shares Owned After: 67,616.154 | Ownership: D (Direct)
Footnotes:
[F1] Sale prices ranged from $342.22 to $343.205. Reporting Person will provide, upon request by the Commission staff, General Dynamics, or a General Dynamics shareholder, full information regarding the number of shares sold at each separate sales price.
[Transaction #3]
Security: Common Stock
Date: 2026-05-11 | Code: S (Open market sale)
Shares: -28,641 | Price: $343.66
Total Value: $9,842,880.62
Shares Owned After: 38,975.154 | Ownership: D (Direct)
Footnotes:
[F2] Sale prices ranged from $343.23 to $344.09. Reporting Person will provide, upon request by the Commission staff, General Dynamics, or a General Dynamics shareholder, full information regarding the number of shares sold at each separate sales price.
[Transaction #4]
Security: Common Stock
Date: 2026-05-12 | Code: M (Exercise of derivative)
Shares: +36,480 | Price: $168.56
Total Value: $6,149,068.80
Shares Owned After: 75,455.154 | Ownership: D (Direct)
[Transaction #5]
Security: Common Stock
Date: 2026-05-12 | Code: S (Open market sale)
Shares: -33,915 | Price: $345.24
Total Value: $11,708,746.77
Shares Owned After: 41,540.154 | Ownership: D (Direct)
Footnotes:
[F3] Sale prices ranged from $344.72 to $345.69. Reporting Person will provide, upon request by the Commission staff, General Dynamics, or a General Dynamics shareholder, full information regarding the number of shares sold at each separate sales price.
[Transaction #6]
Security: Common Stock
Date: 2026-05-12 | Code: S (Open market sale)
Shares: -2,565 | Price: $345.93
Total Value: $887,307.89
Shares Owned After: 38,975.154 | Ownership: D (Direct)
Footnotes:
[F4] Sale prices ranged from $345.745 to $346.02. Reporting Person will provide, upon request by the Commission staff, General Dynamics, or a General Dynamics shareholder, full information regarding the number of shares sold at each separate sales price.
--- Derivative Transactions ---
[Transaction #1]
Security: Stock Options
Date: 2026-05-11 | Code: M (Exercise of derivative)
Shares: -36,230 | Price: $0.00
Exercisable: N/A | Expires: 2030-03-03
Shares Owned After: 0 | Ownership: D (Direct)
Footnotes:
[F6] Fifty percent became exercisable on 03/04/2022, and the remaining fifty percent became exercisable on 03/04/2023.
[Transaction #2]
Security: Stock Options
Date: 2026-05-12 | Code: M (Exercise of derivative)
Shares: -36,480 | Price: $0.00
Exercisable: N/A | Expires: 2031-03-02
Shares Owned After: 0 | Ownership: D (Direct)
Footnotes:
[F7] Fifty percent became exercisable on 03/03/2023, and the remaining fifty percent became exercisable on 03/03/2024.
--- Holdings ---
[Holding #1]
Security: Common Stock
Ownership: I (Indirect)
[Holding #2]
Security: Common Stock
Ownership: I (Indirect)
Footnotes:
[F5] Includes share activity under General Dynamics 401(k) plan since date of Reporting Person's last ownership report.
--- Footnotes (Complete Index) ---
F1: Sale prices ranged from $342.22 to $343.205. Reporting Person will provide, upon request by the Commission staff, General Dynamics, or a General Dynamics shareholder, full information regarding the number of shares sold at each separate sales price.
F2: Sale prices ranged from $343.23 to $344.09. Reporting Person will provide, upon request by the Commission staff, General Dynamics, or a General Dynamics shareholder, full information regarding the number of shares sold at each separate sales price.
F3: Sale prices ranged from $344.72 to $345.69. Reporting Person will provide, upon request by the Commission staff, General Dynamics, or a General Dynamics shareholder, full information regarding the number of shares sold at each separate sales price.
F4: Sale prices ranged from $345.745 to $346.02. Reporting Person will provide, upon request by the Commission staff, General Dynamics, or a General Dynamics shareholder, full information regarding the number of shares sold at each separate sales price.
F5: Includes share activity under General Dynamics 401(k) plan since date of Reporting Person's last ownership report.
F6: Fifty percent became exercisable on 03/04/2022, and the remaining fifty percent became exercisable on 03/04/2023.
F7: Fifty percent became exercisable on 03/03/2023, and the remaining fifty percent became exercisable on 03/03/2024.
--- Signature ---
/s/ Nicholas R. Barnaby, by Power of Attorney (2026-05-13)