General Motors (GM) President Mark Reuss Sells Shares After Option Exercise

What Happened

• Mark L. Reuss, President of General Motors, exercised stock options and immediately sold the resulting 71,079 shares on July 28, 2026. The options were exercised at $49.46 per share (total exercise cost $3,515,567) and the shares were sold in the open market at a weighted average price of $89.97 per share (total proceeds $6,394,978). The filing also reports the related derivative disposition (option instrument) at $0.00, reflecting the option conversion/surrender.

Key Details

• Transaction date: July 28, 2026.
• Exercise (code M): 71,079 shares acquired at $49.46 each — $3,515,567 total.
• Sale (code S): 71,079 shares sold at a weighted avg $89.97 each — $6,394,978 total; sale prices ranged from $89.95 to $90.07 (per footnote).
• Options grant/vesting: These options were granted on Feb 8, 2022 and are fully vested (footnote F2).
• Shares owned after transaction: Not specified in the information provided in this summary/Form 4 excerpt.
• Filing timeliness: Report filed July 29, 2026 for transactions on July 28, 2026 — appears timely.
• Footnote offer: Reporting person will provide share-by-price details upon request (per footnote F1).

Context

• This was an option exercise followed by an immediate sale (a cashless or same-day sale), meaning the exercised shares were sold right after conversion. That is a common way for insiders to cover exercise costs and taxes; the filing itself does not state motives. Transaction codes: M = option exercise/conversion, S = sale.