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GLOBALFOUNDRIES (GFS) legal chief sells 500 shares under 10b5-1 plan

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
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.

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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)
  1. [object Object]
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
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.
Ordinary Shares financial
"security_title": "Ordinary Shares""
Ordinary shares are a type of ownership stake in a company, giving shareholders a right to participate in the company’s profits and decision-making through voting. They are similar to owning a piece of a business, and their value can rise or fall based on the company's performance. Investors buy ordinary shares to potentially earn dividends and benefit from the company's growth over time.
SEC Form 4
FORM 4UNITED 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*
Azar Samak L

(Last)(First)(Middle)
400 STONE BREAK ROAD EXTENSION

(Street)
MALTA NEW YORK 12020

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
GLOBALFOUNDRIES Inc. [ GFS ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Legal Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/30/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Ordinary Shares04/30/2026S500(1)D$6316,494D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. 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.
Remarks:
/s/ Jeff Worth, as Attorney-in-fact for Reporting Person05/04/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

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.

At what price were the GLOBALFOUNDRIES (GFS) shares sold in this Form 4?

The reported transaction shows 500 GLOBALFOUNDRIES Ordinary Shares sold at $63.00 per share. This reflects an open-market sale, and the filing notes this trade was executed under a Rule 10b5-1 trading plan adopted before a related securities offering.

How many GLOBALFOUNDRIES (GFS) shares does the insider hold after the reported sale?

After selling 500 Ordinary Shares, the reporting person directly holds 16,494 GLOBALFOUNDRIES Ordinary Shares. This post-transaction holding figure comes from the Form 4 and reflects the ownership position immediately following the April 30, 2026 transaction.

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.