GLOBALFOUNDRIES legal chief sells 500 shares
GLOBALFOUNDRIES Inc. Chief Legal Officer Azar Samak L sold 500 Ordinary Shares in an open-market transaction at $48.71 per share.
Rhea-AI Filing Summary
GLOBALFOUNDRIES Inc. Chief Legal Officer Azar Samak L sold 500 Ordinary Shares in an open-market transaction at $48.71 per share. After this sale, the officer directly holds 17,494 Ordinary Shares. The sale is permitted under a lock-up agreement expiring on May 10, 2026.
According to a footnote, the transaction was carried out under a pre-arranged Rule 10b5-1 trading plan adopted before an offering by the company’s majority shareholder, indicating it was scheduled in advance rather than timed opportunistically.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 500 | $48.71 | $24K |
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 financial
lock-up agreement financial
underwriters financial
FAQ
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What insider transaction did GLOBALFOUNDRIES (GFS) report for Azar Samak L?
Was the GLOBALFOUNDRIES (GFS) insider sale made under a Rule 10b5-1 plan?
What lock-up restrictions apply to this GLOBALFOUNDRIES (GFS) insider?
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