GlobalFoundries (NASDAQ: GFS) legal chief sells 500 shares in plan trade
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 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.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 500 shares ($20,795)
Net Sell
1 txn
Insider
Azar Samak L
Role
Chief Legal Officer
Sold
500 shs ($21K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 500 | $41.59 | $21K |
Holdings After Transaction:
Ordinary Shares — 19,494 shares (Direct)
Footnotes (1)
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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 at $41.59 per share. The sale was disclosed on Form 4 and reflects a relatively small portion of the officer’s reported holdings.
Was the GLOBALFOUNDRIES (GFS) insider sale under a Rule 10b5-1 plan?
Yes. The footnote states the sale was effected under a Rule 10b5-1 trading plan adopted by the reporting person before a related securities offering. Such pre-arranged plans automate trades and can reduce the significance of timing decisions by the insider.
Is the GLOBALFOUNDRIES (GFS) insider subject to a lock-up agreement?
The filing notes the reporting person is subject to a lock-up agreement that expires on May 10, 2026. The 500-share sale qualifies as a permissible exemption under that agreement, allowing this specific transaction while broader sale restrictions remain in place.
What does the Form 4 transaction code 'S' mean for GLOBALFOUNDRIES (GFS)?
In this filing, transaction code "S" indicates a sale of non-derivative securities in the open market or a private transaction. For GLOBALFOUNDRIES, it records the Chief Legal Officer’s sale of 500 Ordinary Shares at a reported price of $41.59 per share.