Merdad Parsey - 24 Jan 2023 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
24 Jan 2023
Net transactions value
-$1,491,271
Form type
4
Filing time
26 Jan 2023, 14:40:56 UTC
Previous filing
03 Jan 2023
Next filing
23 Feb 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GILD Common Stock Award $0 +29,644 +109% $0.000000 56,772 24 Jan 2023 Direct F1
transaction GILD Common Stock Award $0 +43,715 +77% $0.000000 100,487 24 Jan 2023 Direct F2
transaction GILD Common Stock Tax liability $1,491,271 -17,749 -18% $84.02 82,738 24 Jan 2023 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, 2021 and March 10, 2022. 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 award made to the Reporting Person on March 10, 2020. Such tranches of shares were subject to performance-vesting and service-vesting requirements and became issuable 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.