STOCK TITAN

GLOBALFOUNDRIES (GFS) legal chief sells 500 pre-planned shares

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 March 26, 2026 at $45.99 per share. After this transaction, the reporting person directly holds 18,994 Ordinary Shares.

According to the filing, the reporting person is subject to a lock-up agreement that runs until May 10, 2026, and this sale is described as a permissible exemption under that agreement. The transaction was carried out under a pre-established Rule 10b5-1 trading plan adopted before the related offering by the issuer’s majority shareholder, indicating it was pre-planned rather than a discretionary trade.

Positive

  • None.

Negative

  • None.
Insider Azar Samak L
Role Chief Legal Officer
Sold 500 shs ($23K)
Type Security Shares Price Value
Sale Ordinary Shares 500 $45.99 $23K
Holdings After Transaction: Ordinary Shares — 18,994 shares (Direct)
Footnotes (1)
  1. [object Object]
Shares sold 500 shares Ordinary Shares sold on March 26, 2026
Sale price per share $45.99 per share Open-market sale of Ordinary Shares
Shares held after transaction 18,994 shares Direct Ordinary Share holdings following sale
Lock-up expiry date May 10, 2026 End date of lock-up agreement referenced in footnote
Rule 10b5-1 trading plan financial
"The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person"
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 financial
"The reporting person is subject to a lock-up agreement that expires on May 10, 2026"
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.
majority shareholder financial
"in connection with an offering of securities by the issuer's majority shareholder"
A majority shareholder owns more than half of a company's voting shares, giving them effective control over major decisions such as choosing the board of directors, approving mergers, or setting strategy. For investors, this matters because the majority holder can steer the company much like the person who holds the largest piece of a pie decides how it’s shared—this can stabilize leadership and direction but also create risks if the majority’s interests differ from those of smaller shareholders.
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.
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)
03/26/2026
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 Shares03/26/2026S(1)500D$45.9918,994D
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 Person03/30/2026
** 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) disclose for Azar Samak L?

GLOBALFOUNDRIES reported that Chief Legal Officer Azar Samak L sold 500 Ordinary Shares in an open-market transaction. The sale occurred at a price of $45.99 per share, and following the trade the reporting person directly holds 18,994 Ordinary Shares in the company.

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

The filing shows 500 Ordinary Shares of GLOBALFOUNDRIES were sold at $45.99 per share. This reflects an open-market sale by the Chief Legal Officer, with the transaction reported as a routine Form 4 insider sale under a pre-existing Rule 10b5-1 trading plan.

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

After selling 500 Ordinary Shares, the reporting person directly holds 18,994 Ordinary Shares of GLOBALFOUNDRIES. This indicates the transaction represents a relatively small portion of the insider’s reported holdings, and no derivative securities are listed as remaining positions in this particular filing.

What is the lock-up agreement mentioned in the GLOBALFOUNDRIES (GFS) Form 4?

The Form 4 states the reporting person is subject to a lock-up agreement expiring on May 10, 2026. The agreement was entered into with underwriters in connection with an offering by the issuer’s majority shareholder, and this sale qualifies as a permissible exemption under its terms.

Was the GLOBALFOUNDRIES (GFS) insider sale made under a Rule 10b5-1 plan?

Yes. The footnote explains the sale was effected under a Rule 10b5-1 trading plan adopted by the reporting person before the related offering. Such plans pre-schedule trades, indicating the timing of this 500-share sale was pre-arranged rather than a discretionary market decision.

What role does the insider hold at GLOBALFOUNDRIES (GFS) in this Form 4?

The reporting person in this Form 4 is identified as the Chief Legal Officer of GLOBALFOUNDRIES Inc. This officer role means the person is a senior executive, and their equity transactions must be reported publicly under Section 16 rules using forms such as this Form 4.
Globalfoundries Inc.

NASDAQ:GFS

View GFS Stock Overview

GFS Rankings

GFS Latest News

GFS Latest SEC Filings

GFS Stock Data

22.72B
556.42M
Semiconductors
Technology
Link
United States
Malta