GLOBALFOUNDRIES CBO sells 500 shares under 10b5-1
GLOBALFOUNDRIES Inc.’s Chief Business Officer Michael James Hogan reported an open-market sale of 500 ordinary shares at $70.00 per share.
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Rhea-AI Filing Summary
GLOBALFOUNDRIES Inc.’s Chief Business Officer Michael James Hogan reported an open-market sale of 500 ordinary shares at $70.00 per share. After the transaction, he directly holds 15,395 ordinary shares.
The sale was executed under a pre-established Rule 10b5-1 trading plan and is a permitted exception to a lock-up agreement that runs until May 10, 2026, indicating a planned, routine liquidity event rather than a discretionary trade.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 500 | $70.00 | $35K |
Footnotes (1)
- F1. The reporting person is subject to a lock-up agreement that expires on May 10, 2026 that was entered into with the underwriters in connection with an offering of securities by the issuer's majority shareholder. The sale of shares is a permissible exemption under the terms of the lock-up agreement. The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person prior to the offering.
Key Figures
Key Terms
Rule 10b5-1 trading plan regulatory
lock-up agreement regulatory
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did GLOBALFOUNDRIES (GFS) report for Michael James Hogan?
Was the GLOBALFOUNDRIES (GFS) insider sale made under a Rule 10b5-1 plan?
Does the GLOBALFOUNDRIES (GFS) Form 4 suggest this was a discretionary insider sale?
AI-generated analysis. How Rhea-AI works. Not financial advice.