GLOBALFOUNDRIES legal chief sells 500 shares
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.
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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.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 500 | $45.99 | $23K |
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
open-market sale financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did GLOBALFOUNDRIES (GFS) disclose for Azar Samak L?
What is the lock-up agreement mentioned in the GLOBALFOUNDRIES (GFS) Form 4?
Was the GLOBALFOUNDRIES (GFS) insider sale made under a Rule 10b5-1 plan?
What role does the insider hold at GLOBALFOUNDRIES (GFS) in this Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.