GLOBALFOUNDRIES (GFS) legal chief sells 500 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GLOBALFOUNDRIES Inc. Chief Legal Officer Azar Samak L reported an open-market sale of 500 Ordinary Shares on April 30, 2026, at $63.00 per share. After this transaction, the reporting person directly held 16,494 Ordinary Shares.
According to the disclosure, the reporting person is subject to a lock-up agreement that expires on May 10, 2026, entered into with underwriters in connection with an offering by the issuer’s majority shareholder. The sale was a permissible exemption under that lock-up and was executed under a pre-established Rule 10b5-1 trading plan adopted prior to the offering.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 500 shares ($31,500)
Net Sell
1 txn
Insider
Azar Samak L
Role
Chief Legal Officer
Sold
500 shs ($32K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 500 | $63.00 | $32K |
Holdings After Transaction:
Ordinary Shares — 16,494 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 500 shares
Sale price: $63.00 per share
Shares held after sale: 16,494 shares
+2 more
5 metrics
Shares sold
500 shares
Open-market sale on April 30, 2026
Sale price
$63.00 per share
Price for Ordinary Shares sold
Shares held after sale
16,494 shares
Direct ownership following transaction
Lock-up expiry
May 10, 2026
End date of insider lock-up agreement
Net shares sold
500 shares
Net-sell direction in transaction summary
Key Terms
Rule 10b5-1 trading plan, lock-up agreement, open-market sale, Ordinary Shares
4 terms
Rule 10b5-1 trading plan regulatory
"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."
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.
lock-up agreement regulatory
"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."
A lock-up agreement is a contract that prevents company insiders and early investors from selling their shares for a fixed period after a stock sale, often after an initial public offering. It matters to investors because it temporarily limits the number of shares that can hit the market, which can keep the share price steadier; when the lock-up ends, a sudden increase in available shares can create extra volatility, revealing insiders’ confidence or lack thereof.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What insider transaction did GLOBALFOUNDRIES (GFS) report for Azar Samak L?
GLOBALFOUNDRIES reported that Chief Legal Officer Azar Samak L sold 500 Ordinary Shares in an open-market transaction. The shares were sold at $63.00 each, and following the sale, the reporting person directly owned 16,494 Ordinary Shares.
What lock-up restrictions apply to the GLOBALFOUNDRIES (GFS) insider in this Form 4?
The insider is subject to a lock-up agreement that expires on May 10, 2026. The agreement was entered with underwriters in connection with an offering by the issuer’s majority shareholder, and this sale qualified as a permissible exemption under that lock-up.
Was the GLOBALFOUNDRIES (GFS) insider sale made under a Rule 10b5-1 trading plan?
Yes. The Form 4 states that the sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person before the related offering. Such plans pre-schedule trades, providing a structured framework for insider transactions.