GLOBALFOUNDRIES (GFS) legal chief sells 335 shares at $77
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 335 Ordinary Shares at $77.00 per share. The transaction was executed on June 11, 2026 pursuant to a pre-arranged Rule 10b5-1 trading plan. Following this sale, the insider directly holds 14,154 Ordinary Shares.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 335 shares ($25,795)
Net Sell
1 txn
Insider
Azar Samak L
Role
Chief Legal Officer
Sold
335 shs ($26K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 335 | $77.00 | $26K |
Holdings After Transaction:
Ordinary Shares — 14,154 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 335 shares
Sale price: $77.00 per share
Shares held after transaction: 14,154 shares
+1 more
4 metrics
Shares sold
335 shares
Open-market sale on June 11, 2026
Sale price
$77.00 per share
Ordinary Shares transaction
Shares held after transaction
14,154 shares
Direct ownership following sale
Transaction code
S
Sale in open market or private transaction
Key Terms
Rule 10b5-1 trading plan, open-market sale, Ordinary Shares, Form 4
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"
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.
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.
Form 4 regulatory
"The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did GLOBALFOUNDRIES (GFS) report for Azar Samak L?
GLOBALFOUNDRIES reported that Chief Legal Officer Azar Samak L sold 335 Ordinary Shares in an open-market transaction at $77.00 per share. This Form 4 filing discloses the trade and updates his direct ownership position after the sale.
Was the GLOBALFOUNDRIES (GFS) insider sale made under a Rule 10b5-1 plan?
Yes, the filing states the sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person. Such plans are pre-arranged and are designed to allow scheduled trades regardless of near-term market conditions.
What price did the GLOBALFOUNDRIES (GFS) insider sale occur at?
The sale of 335 GLOBALFOUNDRIES Ordinary Shares occurred at a price of $77.00 per share. This transaction price is disclosed directly in the Form 4 and represents the execution price for the open-market sale.
What role does the insider involved in the GLOBALFOUNDRIES (GFS) Form 4 hold?
The reporting person, Azar Samak L, serves as Chief Legal Officer of GLOBALFOUNDRIES. The Form 4 filing associates this officer role with the disclosed open-market sale and the updated direct ownership of 14,154 Ordinary Shares.