Were Forrest Norrod’s AMD share sales made under a Rule 10b5-1 trading plan?

Yes. The filing states that both the stock option exercises and the related share sales were effected pursuant to a Rule 10b5-1 trading plan. This plan was adopted by the reporting person on June 6, 2025, indicating the transactions were pre-scheduled rather than discretionary.

AMD (AMD) EVP Forrest Norrod sells 19,487 shares, exercises 8,237 options

Filing Impact

(Very High)

Filing Sentiment

(Very Negative)

Form Type

Rhea-AI Filing Summary

ADVANCED MICRO DEVICES INC executive Forrest Norrod reported option exercises and share sales in AMD stock. On May 20, 2026, he exercised stock options covering 8,237 shares of Common Stock at an exercise price of $34.19 per share. The same day, he sold a total of 19,487 shares of Common Stock in a series of open-market transactions at weighted average prices generally in the low $430s per share, with trade prices ranging from $427.03 to $436.50. Both the option exercises and the sales were carried out under a pre-arranged Rule 10b5-1 trading plan adopted on June 6, 2025. Following these transactions, Norrod directly owned 324,527 shares of AMD Common Stock.

Insider Trade Summary 10b5-1

Net Seller: 19,487 shares ($8,406,784)

Net Sell 11 txns

Insider Norrod Forrest Eugene

Role EVP & GM DESG

Sold 19,487 shs ($8.41M)

Type	Security	Shares	Price	Value
Exercise	Stock Option Grant	8,237	$0.00	--
Exercise	Common Stock	8,237	$34.19	$282K
Sale	Common Stock	516	$427.80	$221K
Sale	Common Stock	1,975	$428.45	$846K
Sale	Common Stock	2,667	$429.45	$1.15M
Sale	Common Stock	5,032	$430.68	$2.17M
Sale	Common Stock	3,287	$431.56	$1.42M
Sale	Common Stock	2,274	$432.78	$984K
Sale	Common Stock	1,284	$433.75	$557K
Sale	Common Stock	1,562	$435.18	$680K
Sale	Common Stock	890	$435.91	$388K

Holdings After Transaction: Stock Option Grant — 0 shares (Direct, null); Common Stock — 344,014 shares (Direct, null)

Footnotes (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 June 6, 2025. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 6, 2025. Transaction executed in multiple trades at prices ranging from $427.03 to $427.98 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. Transaction executed in multiple trades at prices ranging from $428.04 to $428.94 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. Transaction executed in multiple trades at prices ranging from $429.05 to $430.02 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. Transaction executed in multiple trades at prices ranging from $430.17 to $431.15 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. Transaction executed in multiple trades at prices ranging from $431.18 to $432.00 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. Transaction executed in multiple trades at prices ranging from $432.28 to $433.25 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. Transaction executed in multiple trades at prices ranging from $433.32 to $434.20 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. Transaction executed in multiple trades at prices ranging from $434.53 to $435.44 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. Transaction executed in multiple trades at prices ranging from $435.53 to $436.50 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. The options vest 1/3 on each of August 9, 2020, 2021 and 2022.

Key Figures

Shares sold: 19,487 shares Option shares exercised: 8,237 shares Option exercise price: $34.19 per share +3 more

6 metrics

Shares sold 19,487 shares Total AMD Common Stock sold in open-market transactions on May 20, 2026

Option shares exercised 8,237 shares Common Stock acquired via stock option exercise on May 20, 2026

Option exercise price $34.19 per share Exercise price for 8,237 stock options converted into AMD Common Stock

Post-transaction holdings 324,527 shares AMD Common Stock directly owned by Forrest Norrod after transactions

Sale price range low $427.03 per share Lowest trade price disclosed among May 20, 2026 sales

Sale price range high $436.50 per share Highest trade price disclosed among May 20, 2026 sales

Key Terms

Rule 10b5-1 trading plan, stock option exercises, weighted average sale price per share, Common Stock, +1 more

5 terms

Rule 10b5-1 trading plan regulatory

"effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 6, 2025"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

stock option exercises financial

"The stock option exercises reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan"

Common Stock financial

"security_title": "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Stock Option Grant financial

"security_title": "Stock Option Grant""

Form 4 Insider Transactions: What Each Field Means →

05/22/2026 - 05:43 PM

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
Estimated average burden
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).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Norrod Forrest Eugene

(Last)

(First)

(Middle)

2485 AUGUSTINE DRIVE

(Street)

SANTA CLARA

CALIFORNIA

95054

(City)

(State)

(Zip)

UNITED STATES

(Country)

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)
	EVP & GM DESG

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/20/2026		M		8,237⁽¹⁾	A	$34.19	344,014	D
Common Stock	05/20/2026		S		516⁽²⁾	D	$427.8⁽³⁾	343,498	D
Common Stock	05/20/2026		S		1,975⁽²⁾	D	$428.45⁽⁴⁾	341,523	D
Common Stock	05/20/2026		S		2,667⁽²⁾	D	$429.45⁽⁵⁾	338,856	D
Common Stock	05/20/2026		S		5,032⁽²⁾	D	$430.68⁽⁶⁾	333,824	D
Common Stock	05/20/2026		S		3,287⁽²⁾	D	$431.56⁽⁷⁾	330,537	D
Common Stock	05/20/2026		S		2,274⁽²⁾	D	$432.78⁽⁸⁾	328,263	D
Common Stock	05/20/2026		S		1,284⁽²⁾	D	$433.75⁽⁹⁾	326,979	D
Common Stock	05/20/2026		S		1,562⁽²⁾	D	$435.18⁽¹⁰⁾	325,417	D
Common Stock	05/20/2026		S		890⁽²⁾	D	$435.91⁽¹¹⁾	324,527	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option Grant	$34.19	05/20/2026		M			8,237	⁽¹²⁾	08/09/2026	Common Stock	8,237	$0	0	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 June 6, 2025.

2. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 6, 2025.

3. Transaction executed in multiple trades at prices ranging from $427.03 to $427.98 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 $428.04 to $428.94 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. Transaction executed in multiple trades at prices ranging from $429.05 to $430.02 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.

6. Transaction executed in multiple trades at prices ranging from $430.17 to $431.15 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.

7. Transaction executed in multiple trades at prices ranging from $431.18 to $432.00 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.

8. Transaction executed in multiple trades at prices ranging from $432.28 to $433.25 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.

9. Transaction executed in multiple trades at prices ranging from $433.32 to $434.20 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.

10. Transaction executed in multiple trades at prices ranging from $434.53 to $435.44 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.

11. Transaction executed in multiple trades at prices ranging from $435.53 to $436.50 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.

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

Remarks:

	/s/Forrest Eugene Norrod	05/21/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did AMD EVP Forrest Norrod report in this Form 4?

Forrest Norrod reported exercising stock options for 8,237 AMD Common Stock shares and selling 19,487 shares in open-market trades. These transactions occurred on May 20, 2026 and were executed under a pre-arranged Rule 10b5-1 trading plan adopted in June 2025.

How many AMD shares did Forrest Norrod sell and at what prices?

Forrest Norrod sold 19,487 AMD Common Stock shares in multiple open-market trades. The weighted average prices were in the low $430s per share, with individual trade prices ranging from $427.03 to $436.50, according to detailed price ranges disclosed in the filing’s footnotes.

What stock options did Forrest Norrod exercise in AMD according to this filing?

He exercised stock options for 8,237 AMD Common Stock shares at an exercise price of $34.19 per share. The related derivative entry shows the underlying security as Common Stock and indicates that, after exercise, there were no remaining options from this particular grant outstanding.

How many AMD shares does Forrest Norrod hold after these reported transactions?

After completing the May 20, 2026 transactions, Forrest Norrod directly owned 324,527 shares of AMD Common Stock. This total reflects his remaining holdings following the exercise of 8,237 options and the sale of 19,487 shares disclosed in the Form 4 filing.

What role does Forrest Norrod hold at AMD in this insider transaction report?

In this insider report, Forrest Norrod is identified as an officer of ADVANCED MICRO DEVICES INC with the title "EVP & GM DESG." He is not listed as a director or ten percent owner, but as a company executive reporting transactions in AMD Common Stock.