[Form 4] Advanced Micro Devices Insider Trading Activity

Rhea-AI Filing Summary

Mark D. Papermaster, Advanced Micro Devices Inc. CTO and EVP, reported equity activity dated 08/09/2025. The filing shows an acquisition entry of 12,633 common shares and a separate disposition of 4,973 common shares withheld to satisfy tax withholding at a price of $172.76 per share. After these reported transactions, the reporting person’s beneficial ownership is shown around 1.72 million shares of common stock.

The filing also lists three groups of restricted stock units (RSUs) tied to the reported activity: 5,431, 3,964, and 3,238 RSUs. Each RSU represents a contingent right to receive one share, and the explanatory notes specify staggered vesting schedules for each RSU tranche. The report notes that the 4,973 shares were withheld at the reporting person’s election to cover tax obligations in connection with the RSU releases.

Insights

Financial Analyst

TL;DR: Routine RSU vesting with tax-withholding; no indication of unusual trading or change in control.

The Form 4 documents standard compensation-related equity activity for a senior executive: the release of restricted stock units and share withholding to satisfy tax obligations. The amounts—12,633 shares reported as acquired and 4,973 shares withheld at $172.76—are consistent with RSU settlement mechanics rather than open-market sales or purchases. Beneficial ownership remains approximately 1.72 million shares, indicating continuity in the executive’s stake. From a financial perspective, this filing is informational and does not, by itself, signal a material change to company ownership or governance.

Corporate Governance Expert

TL;DR: Governance-normal disclosure: officer RSU vesting and tax withholding documented per Section 16 requirements.

The filing properly discloses acceleration/settlement of RSUs and the method of satisfying tax withholding, including explanatory notes on vesting schedules for three RSU tranches. The reporting person is identified as CTO and EVP, and transactions are reported as direct beneficial ownership. The clear vesting timelines and the note that shares were withheld at the reporting person's election indicate compliant internal handling of executive compensation. This appears routine and compliant rather than governance-adverse.

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

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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^*

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)
08/09/2025

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	08/09/2025		M		12,633	A	$0	1,726,343	D
Common Stock	08/09/2025		F		4,973(1)	D	$172.76	1,721,370	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
Restricted Stock Units	(2)	08/09/2025		M			5,431	(3)	(3)	Common Stock	5,431	$0	5,431	D
Restricted Stock Units	(2)	08/09/2025		M			3,964	(4)	(4)	Common Stock	3,964	$0	7,928	D
Restricted Stock Units	(2)	08/09/2025		M			3,238	(5)	(5)	Common Stock	3,238	$0	9,714	D

Explanation of Responses:

1. The shares are withheld at the election of the Reporting Person to satisfy tax withholding obligations in connection with the release of restricted stock units ("RSU").

2. Each RSU represents a contingent right to receive one share of AMD's common stock.

3. The RSUs vest 1/4 on each of August 9, 2023, 2024, 2025 and 2026.

4. The RSUs vest 1/4 on each of August 9, 2024, 2025, 2026 and 2027.

5. The RSUs vest 1/4 on each of August 9, 2025, 2026, 2027 and 2028.

Remarks:

	/s/ Linda Lam By Power of Attorney for Mark Papermaster	08/11/2025
	** 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 insider transactions did Mark Papermaster report for AMD (Form 4)?

The report shows RSU settlements dated 08/09/2025 with 12,633 common shares acquired and 4,973 shares withheld to satisfy tax withholding at $172.76 per share.

How many RSUs and what vesting schedules are disclosed in the AMD Form 4?

Three RSU tranches are listed: 5,431, 3,964, and 3,238. The filing states each RSU equals one share and provides staggered 1/4 annual vesting schedules for each tranche across specified August dates.

What is Mark Papermaster’s beneficial ownership after the reported transactions?

The filing shows beneficial ownership figures of approximately 1,726,343 and 1,721,370 common shares at different report lines, with the lower figure reflecting the holdings after the 4,973-share withholding.

Why were 4,973 shares disposed of on the Form 4?

The explanatory notes state the 4,973 shares were withheld at the reporting person's election to satisfy tax withholding obligations related to RSU releases.

What price is associated with the withheld shares in the Form 4?

The withheld shares are reported with a price of $172.76 per share in the transaction details.