[Form 4] Advanced Micro Devices Insider Trading Activity

Rhea-AI Filing Summary

Insider activity by AMD CEO Lisa T. Su: The report shows the exercise of 224,727 stock options at an exercise price of $34.19, resulting in an acquisition of those shares. The Reporting Person sold a total of 225,000 shares in multiple transactions at weighted-average prices ranging from about $162.27 to $165.59, with reported weighted-average sale prices of $163.06, $163.76, $164.65, and $165.45 across the respective sale tranches. After these transactions, the Reporting Person beneficially owns 3,359,748 shares directly, plus additional shares held indirectly through several Grantor Retained Annuity Trusts and GRATs.

Positive

• Exercise of 224,727 options at $34.19 indicates long-term compensation realization and continued stake accumulation.
• Large retained direct ownership: Reporting Person continues to hold 3,359,748 shares directly plus material indirect trust holdings.

Negative

• Sales of 225,000 shares executed at prices around $162–$165 represent significant insider dispositions under the 10b5-1 plan.
• Substantial share turnover in a short period may be viewed by some investors as monetization that reduces insider-held float.

Insights

Corporate Governance Expert

TL;DR: CEO exercised long-dated options and sold a tranche of shares under a 10b5-1 plan; holdings remain substantial.

The exercise of 224,727 options at $34.19 indicates realization of long-term compensation rather than an opportunistic market sale, particularly since the exercise and the subsequent sales were executed pursuant to a Rule 10b5-1 plan. The CEO still holds over 3.35 million shares directly, with additional indirect holdings via multiple GRAT/GRAT-like trusts, preserving alignment with shareholders. The disclosed sales total 225,000 shares executed across price bands near $162–$165, which is a meaningful but not controlling percentage of reported holdings.

Securities/Equity Analyst

TL;DR: Option exercise at low exercise price plus high-price sales increased liquidity while maintaining concentrated ownership.

The option exercise at $34.19 created 224,727 common shares acquired, while contemporaneous sales of 225,000 shares at weighted-average prices in the low-$160s likely generated significant proceeds. Net direct holdings remain large at 3,359,748 shares, supported by additional indirect trust holdings (several six-figure positions). For investors, the transactions reflect routine executive monetization under a pre-established plan, not an unplanned disposal signaling distress.

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).

X

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^*

Su Lisa T

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chair, President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
08/21/2025

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	08/21/2025		M		224,727(1)	A	$34.19	3,584,748	D
Common Stock	08/21/2025		S		19,620(2)	D	$163.06(3)	3,565,128	D
Common Stock	08/21/2025		S		138,093(2)	D	$163.76(4)	3,427,035	D
Common Stock	08/21/2025		S		65,787(2)	D	$164.65(5)	3,361,248	D
Common Stock	08/21/2025		S		1,500(2)	D	$165.45(6)	3,359,748	D
Common Stock								56,365	I	By Grantor Retained Annuity Trust 2021B
Common Stock								156,750	I	By Grantor Retained Annuity Trust 2021C
Common Stock								127,760	I	By Grantor Retained Annuity Trust LTS 2022 GRAT A
Common Stock								167,316	I	By Grantor Retained Annuity Trust LTS 2022 GRAT B
Common Stock								200,000	I	By Grantor Retained Annuity Trust 2025 GRAT A
Common Stock								200,000	I	By Grantor Retained Annuity Trust 2025 GRAT B

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	08/21/2025		M			224,727	(7)	08/09/2026	Common Stock	224,727	$0	0	D

Explanation of Responses:

1. The stock option exercise reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 2, 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 December 2, 2024.

3. Transaction executed in multiple trades at prices ranging from $162.27 to $163.26 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 $163.27 to $164.26 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 $164.27 to $165.26 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 $165.29 to $165.59 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. The options vest 1/3 on each of August 9, 2020, 2021 and 2022.

Remarks:

	/s/Linda Lam by Power of Attorney for Lisa T. Su	08/23/2025
	** 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 transactions did AMD insider Lisa Su report on Form 4?

The Form 4 reports an exercise of 224,727 stock options at $34.19 and sales of 225,000 shares executed in multiple trades under a Rule 10b5-1 plan.

How many AMD shares does Lisa Su beneficially own after these transactions?

After the reported transactions the filing shows 3,359,748 shares owned directly, plus additional indirect holdings via several Grantor Retained Annuity Trusts and GRATs.

Were the transactions part of a prearranged trading plan?

Yes. The filing states the option exercise and the sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.

At what prices were the insider shares sold?

Sales were executed across price ranges with weighted-average reported sale prices of $163.06, $163.76, $164.65, and $165.45 for the respective tranches.

Did the filing disclose indirect holdings?

Yes. The filing discloses multiple indirect holdings through Grantor Retained Annuity Trusts and GRATs with six-figure share amounts each.