[Form 4] ADVANCED MICRO DEVICES INC Insider Trading Activity

Rhea-AI Filing Summary

Mark D. Papermaster, Chief Technology Officer & EVP of Advanced Micro Devices, Inc. (AMD) reported option exercises and open-market sales on 09/15/2025. He exercised 16,800 stock options with an exercise price of $34.19 per share, acquiring 16,800 shares. Following the exercise, he beneficially owned 33,908 shares.

On the same date he sold a total of 16,800 shares in two blocks: 13,624 shares at a weighted-average price of $159.08 and 3,176 shares at a weighted-average price of $159.70, executed under a Rule 10b5-1 trading plan adopted November 5, 2024. The option exercise was also executed pursuant to that plan. The Form 4 was signed by power of attorney on 09/16/2025.

Positive

• Transactions executed under a Rule 10b5-1 trading plan, indicating pre-scheduled, compliant insider trading
• Reporter retains meaningful ownership after transactions with 33,908 shares beneficially owned

Negative

• Insider sold 16,800 shares, which reduces direct shareholding and could be viewed as insider liquidity
• Weighted-average sale prices were high (~$159), representing substantial disposition value

Insights

Securities Analyst

TL;DR: Insider exercised options and immediately sold the resulting shares under a pre-established 10b5-1 plan; net ownership remains material but reduced.

The filings show a routine, Rule 10b5-1-plan-driven exercise and sale: 16,800 options exercised at $34.19 and 16,800 shares sold in multiple trades around $159 each. Such transactions commonly reflect scheduled liquidity from compensation rather than ad hoc trading. Beneficial ownership after the transactions is 33,908 shares, indicating continued direct exposure to AMD equity.

Corporate Governance Expert

TL;DR: Transactions were conducted under an established 10b5-1 plan, which supports compliance and reduces signaling concerns.

The disclosure includes explicit footnotes that both the option exercise and sales were effected pursuant to a Rule 10b5-1 trading plan adopted November 5, 2024, and provides weighted-average price ranges for the sales. The reporter offers to provide trade-level details to regulators or shareholders upon request, which increases transparency. No additional governance issues or unusual arrangements are disclosed in the Form 4.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Papermaster Mark D

(Last) (First) (Middle)

2485 AUGUSTINE DRIVE

(Street)

SANTA CLARA CA 95054

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ADVANCED MICRO DEVICES INC [ AMD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Technology Officer & EVP

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/15/2025		M		16,800(1)	A	$34.19	1,731,305	D
Common Stock	09/15/2025		S		13,624(2)	D	$159.08(3)	1,717,681	D
Common Stock	09/15/2025		S		3,176(2)	D	$159.7(4)	1,714,505	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option Grant	$34.19	09/15/2025		M			16,800	(5)	08/09/2026	Common Stock	16,800	$0	33,908	D

Explanation of Responses:

1. The stock option exercises reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 5, 2024.

2. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 5, 2024.

3. Transaction executed in multiple trades at prices ranging from $158.53 to $159.52 per share, inclusive. The price reported in column 4 above reflects the weighted average sale price per share. The Reporting Person hereby undertakes to provide the SEC staff, the Issuer or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.

4. Transaction executed in multiple trades at prices ranging from $159.53 to $160.01 per share, inclusive. The price reported in column 4 above reflects the weighted average sale price per share. The Reporting Person hereby undertakes to provide the SEC staff, the Issuer or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.

5. The options vest 1/3 on each of August 9, 2020, 2021 and 2022.

Remarks:

	/s/ Linda Lam By Power of Attorney for Mark Papermaster	09/16/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did AMD insider Mark Papermaster do on 09/15/2025?

He exercised 16,800 stock options at $34.19 per share and sold 16,800 shares in the open market under a 10b5-1 plan.

Were the trades pre-scheduled or discretionary?

Yes. The Form 4 states both the option exercises and sales were effected pursuant to a Rule 10b5-1 trading plan adopted November 5, 2024.

How many shares does Papermaster beneficially own after these transactions?

He beneficially owns 33,908 shares following the reported transactions.

At what prices were the shares sold?

Sales were executed in multiple trades with weighted-average prices reported as $159.08 (13,624 shares) and $159.70 (3,176 shares); trade-level ranges were provided in footnotes.

Who signed the Form 4?

The Form 4 was signed by Linda Lam by power of attorney for Mark Papermaster on 09/16/2025.