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 19, 2026 at $41.59 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 19, 2026 at $41.59 per share. After this transaction, the officer directly holds 19,494 shares. The sale was executed under a pre-arranged Rule 10b5-1 trading plan and is allowed as an exemption within an existing lock-up agreement that runs until May 10, 2026.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 500 | $41.59 | $21K |
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did GLOBALFOUNDRIES (GFS) report for Azar Samak L?
Was the GLOBALFOUNDRIES (GFS) insider sale under a Rule 10b5-1 plan?
Is the GLOBALFOUNDRIES (GFS) insider subject to a lock-up agreement?
What does the Form 4 transaction code 'S' mean for GLOBALFOUNDRIES (GFS)?
AI-generated analysis. How Rhea-AI works. Not financial advice.