4Accepted Aug 11, 4:51 PM ET
Gilead EVP Gen Counsel Cain Keeley Exercises RSUs; 2,908 Shares Withheld
Accepted (ET)
4:51 PM
Aug 11, 2026
Filed
Aug 11, 2026
Documents
1
Size
8.4 KB
Summary
Gilead EVP Gen Counsel Cain Keeley Exercises RSUs; 2,908 Shares Withheld
What Happened
Cain Wettan Keeley M, EVP, General Counsel (Legal & Comp) at Gilead Sciences, exercised/converted 6,002 restricted stock units (RSUs) on 2026-08-10. To cover tax withholding, 2,908 of the newly issued shares were surrendered at $133.06 per share, yielding $386,938 withheld. The transaction resulted in a net receipt of 3,094 shares (6,002 acquired minus 2,908 withheld). The filing was submitted the next day (2026-08-11).
Key Details
- Transaction date: 2026-08-10; Form 4 filed: 2026-08-11 (timely filing).
- RSUs converted: 6,002 shares (exercise/conversion, code M).
- Shares withheld for taxes: 2,908 shares disposed (code F) at $133.06/share = $386,938.
- Net shares retained from the conversion: 3,094 shares.
- Shares owned after the transaction: not specified in the filing.
- Footnotes: F1 — each RSU equals one common share; F2 — these RSUs follow a three-year vesting schedule (33.33% vests each anniversary).
- No 10b5-1 plan or late filing indicated.
Context
This was a conversion/settlement of RSUs rather than an open-market purchase or discretionary sale. The withholding of shares to cover taxes is a routine, administrative step (a net settlement/cashless-like withholding) and does not by itself indicate a buy-or-sell signal about the insider’s view of the stock.