[Form 4] Advanced Micro Devices Insider Trading Activity

Rhea-AI Filing Summary

Forrest E. Norrod, EVP & GM (designated) and director at Advanced Micro Devices (AMD), reported changes in beneficial ownership dated 08/09/2025. The filing shows the release of restricted stock units (RSUs) that resulted in the acquisition of 8,605 common shares and the withholding of 3,387 shares to satisfy tax-withholding obligations at a per-share price of $172.76. After the reported transactions the form lists beneficial ownership of 306,517 shares. The filing also identifies RSUs representing rights to 3,476; 2,863; and 2,266 shares, each vesting 25% annually across multi-year schedules. The form is signed 08/11/2025.

Positive

• RSU vesting demonstrates ongoing executive compensation and retention alignment: RSUs representing 3,476, 2,863, and 2,266 shares are documented with multi-year vesting schedules.
• Acquisition of shares via RSU release: The filing records the issuance/acquisition of 8,605 common shares on vesting (price reported as $0 for the issuance).

Negative

• Tax-withholding reduced available shares: 3,387 shares were withheld to satisfy tax obligations at $172.76 per share.
• Reported beneficial ownership declined between report lines: the form lists 309,904 and then 306,517 shares as beneficially owned following different reported entries, reflecting the withholding/disposition effect.

Insights

Securities Analyst

TL;DR: Routine RSU vesting with tax-withholding; no material change to control or governance.

The Form 4 discloses RSU releases on 08/09/2025 producing an acquisition of 8,605 common shares and a contemporaneous withholding/disposition of 3,387 shares at $172.76 to cover tax obligations. Reported post-transaction beneficial ownership is 306,517 shares. These entries are compensation-related mechanics rather than open-market sales and therefore are generally neutral for market signaling. The filing provides clear vesting schedules for three RSU awards, which tie compensation to multi-year retention.

Corporate Governance Expert

TL;DR: Disclosure reflects standard executive compensation vesting and tax withholding; supports retention alignment.

The document shows contingent RSU awards that convert to one share each when vested and staggered vesting dates (annual 25% tranches). The combination of RSU issuance (8,605 shares noted) and tax-withholding is consistent with customary equity-based compensation administration. Vesting schedules spanning 2023–2028 indicate multi-year retention incentives for the reporting person. No departures, new grants beyond those listed, or other governance actions are disclosed in this filing.

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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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 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)
	EVP & GM DESG

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		8,605	A	$0	309,904	D
Common Stock	08/09/2025		F		3,387(1)	D	$172.76	306,517	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			3,476	(3)	(3)	Common Stock	3,476	$0	3,476	D
Restricted Stock Units	(2)	08/09/2025		M			2,863	(4)	(4)	Common Stock	2,863	$0	5,726	D
Restricted Stock Units	(2)	08/09/2025		M			2,266	(5)	(5)	Common Stock	2,266	$0	6,800	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/Forrest Eugene Norrod	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 Forrest Norrod report on AMD (Form 4)?

On 08/09/2025 the Form 4 shows the release of RSUs resulting in the acquisition of 8,605 common shares and the withholding/disposition of 3,387 shares to satisfy tax withholding at $172.76 per share.

How many AMD shares does Norrod beneficially own after the reported transactions?

The filing lists beneficial ownership of 306,517 common shares following the reported transactions.

What RSU awards and vesting schedules are disclosed for Norrod?

The filing shows RSUs representing 3,476 shares (vesting 1/4 on Aug 9, 2023–2026), 2,863 shares (vesting 1/4 on Aug 9, 2024–2027), and 2,266 shares (vesting 1/4 on Aug 9, 2025–2028).

Were any shares sold in an open-market transaction?

The form records a withholding/disposition of 3,387 shares associated with tax withholding at $172.76; the explanation states these shares were withheld to satisfy tax withholding in connection with RSU release.

When was the Form 4 signed?

The reporting person signed the Form 4 on 08/11/2025.