GLOBALFOUNDRIES (GFS) legal chief sells 500 shares under Rule 10b5-1 plan
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 500 Ordinary Shares at $74.82 per share. After this transaction, direct holdings stand at 15,494 shares. The sale was executed under a pre-arranged Rule 10b5-1 trading plan, indicating a scheduled, routine disposition.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 500 shares ($37,410)
Net Sell
1 txn
Insider
Azar Samak L
Role
Chief Legal Officer
Sold
500 shs ($37K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 500 | $74.82 | $37K |
Holdings After Transaction:
Ordinary Shares — 15,494 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 500 shares
Sale price: $74.82 per share
Shares held after sale: 15,494 shares
+2 more
5 metrics
Shares sold
500 shares
Open-market sale of Ordinary Shares
Sale price
$74.82 per share
Price for the 500-share open-market sale
Shares held after sale
15,494 shares
Direct holdings following the transaction
Transaction code
S (sale)
Open-market or private sale of non-derivative security
Transaction direction
Sell
Net-sell of 500 shares per transaction summary
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 500 Ordinary Shares in an open-market transaction. The sale was disclosed on Form 4 and reflects a relatively small change in the insider’s overall shareholdings in the company.
Was the GLOBALFOUNDRIES (GFS) insider sale under a Rule 10b5-1 plan?
Yes. The filing states the sale was made under a Rule 10b5-1 trading plan adopted by the reporting person. Such plans pre-schedule trades, which can indicate the transaction timing was not based on short-term, discretionary decisions about the stock.
What type of security did the GLOBALFOUNDRIES (GFS) insider sell?
The transaction involved GLOBALFOUNDRIES Ordinary Shares, classified as a non-derivative security on the Form 4. This means the insider sold actual equity shares, not options or other derivative instruments, providing straightforward insight into changes in direct equity ownership.