Merdad Parsey - 31 Jan 2024 Form 4 Insider Report for GILEAD SCIENCES, INC. (GILD)

Signature
/s/ Edward S. Son by Power of Attorney for Merdad Parsey
Issuer symbol
GILD
Transactions as of
31 Jan 2024
Net transactions value
-$1,855,466
Form type
4
Filing time
02 Feb 2024, 14:42:05 UTC
Previous filing
11 Dec 2023
Next filing
29 Feb 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GILD Common Stock Award $0 +20,229 +41% $0.000000 69,701 31 Jan 2024 Direct F1
transaction GILD Common Stock Award $0 +56,624 +81% $0.000000 126,325 31 Jan 2024 Direct F2
transaction GILD Common Stock Tax liability $1,855,466 -23,709 -19% $78.26 102,616 31 Jan 2024 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of the Issuer's common stock subject to specific tranches of the performance share awards made to the Reporting Person on March 10, 2022 and March 10, 2023. Such tranches of shares were subject to both performance-vesting and service-vesting requirements. The performance vesting requirement was satisfied on the date reported in Column 2 above upon certification of performance goal attainment by the Compensation and Talent Committee of the Issuer's Board of Directors. However, the shares will not be issued to the Reporting Person until the requisite continuing service requirements are also met.
F2 Represents shares of the Issuer's common stock subject to specific tranches of the performance share awards made to the Reporting Person on March 10, 2021. Such tranches of shares were subject to both performance-vesting and service-vesting requirements. The performance vesting requirement was satisfied on the date reported in Column 2 above upon certification of performance goal attainment by the Compensation and Talent Committee of the Issuer's Board of Directors.