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GLOBALFOUNDRIES (GFS) manufacturing chief has RSUs vest, 2,714 shares withheld for taxes

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

GLOBALFOUNDRIES Inc. Chief Manufacturing Officer Pradip Singh Hardip Singh reported routine equity compensation activity. On May 1, 2026, restricted stock units vested and settled into 5,315 ordinary shares, reflecting previously granted awards.

To cover related tax obligations, the issuer withheld 2,714 ordinary shares at $64.60 per share in a non-market, tax-withholding disposition. Following these events, he directly holds 51,764 ordinary shares and 70,095 RSUs scheduled to vest between February 27, 2027 and March 1, 2029, subject to continued service.

Positive

  • None.

Negative

  • None.
Insider Singh Pradip Singh Hardip
Role Chief Manufacturing Officer
Type Security Shares Price Value
Tax Withholding Ordinary Shares 2,714 $64.60 $175K
holding Restricted Share Units -- -- --
Holdings After Transaction: Ordinary Shares — 51,764 shares (Direct, null); Restricted Share Units — 70,095 shares (Direct, null)
Footnotes (1)
  1. Reflects the vesting and settlement of restricted stock units (RSUs) into 5,315 ordinary shares on May 1, 2026. Represents RSUs, 37,281 of which vest in equal installments on March 1, 2027, 2028 and 2029, 22,826 of which vest in equal installments on March 1, 2027 and 2028, 5,315 of which vest on May 1, 2027, and 4,673 of which vest on February 27, 2027, subject to the Reporting Person's continuous service through each such vesting date. Each RSU represents a contingent right to receive one share of the Issuer's ordinary shares upon settlement. Represents the withholding of shares by the issuer to satisfy the reporting person's tax withholding obligations in connection with the vesting and settlement of RSUs.
Shares withheld for taxes 2,714 shares Ordinary shares withheld at $64.60 to satisfy tax obligations
Withholding price $64.60 per share Value used for tax-withholding disposition on May 1, 2026
Vested RSUs into shares 5,315 ordinary shares RSUs vested and settled into shares on May 1, 2026
Post-transaction ordinary shares 51,764 shares Direct holdings after tax-withholding disposition
RSUs outstanding 70,095 RSUs Restricted share units scheduled to vest between 2027 and 2029
Future vesting block 37,281 RSUs Vest in equal installments on March 1, 2027, 2028 and 2029
Additional vesting blocks 22,826; 5,315; 4,673 RSUs Vest on March 1, 2027–2028, May 1, 2027 and February 27, 2027
restricted stock units financial
"Reflects the vesting and settlement of restricted stock units (RSUs) into 5,315 ordinary shares"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
RSUs financial
"Represents RSUs, 37,281 of which vest in equal installments on March 1, 2027, 2028 and 2029"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
vesting and settlement financial
"Reflects the vesting and settlement of restricted stock units (RSUs) into 5,315 ordinary shares"
tax withholding obligations financial
"Represents the withholding of shares by the issuer to satisfy the reporting person's tax withholding obligations"
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Singh Pradip Singh Hardip

(Last)(First)(Middle)
400 STONE BREAK ROAD EXTENSION

(Street)
MALTA NEW YORK 12020

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
GLOBALFOUNDRIES Inc. [ GFS ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Manufacturing Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Restricted Share Units70,095(1)(2)D
Ordinary Shares05/01/2026F2,714(3)D$64.651,764(1)D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Reflects the vesting and settlement of restricted stock units (RSUs) into 5,315 ordinary shares on May 1, 2026.
2. Represents RSUs, 37,281 of which vest in equal installments on March 1, 2027, 2028 and 2029, 22,826 of which vest in equal installments on March 1, 2027 and 2028, 5,315 of which vest on May 1, 2027, and 4,673 of which vest on February 27, 2027, subject to the Reporting Person's continuous service through each such vesting date. Each RSU represents a contingent right to receive one share of the Issuer's ordinary shares upon settlement.
3. Represents the withholding of shares by the issuer to satisfy the reporting person's tax withholding obligations in connection with the vesting and settlement of RSUs.
Remarks:
/s/ Jeff Worth, as Attorney-in-fact for Reporting Person05/05/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did GLOBALFOUNDRIES (GFS) disclose in this Form 4 for its Chief Manufacturing Officer?

GLOBALFOUNDRIES reported that Chief Manufacturing Officer Pradip Singh Hardip Singh had 5,315 restricted stock units vest into ordinary shares. The company also withheld 2,714 shares at $64.60 each to satisfy his tax obligations related to this vesting event.

How many GLOBALFOUNDRIES (GFS) shares were withheld for taxes in this filing?

The filing shows 2,714 ordinary shares were withheld to cover tax obligations. These shares were valued at $64.60 each and reflect a non-market, tax-withholding disposition tied directly to the vesting and settlement of restricted stock units on May 1, 2026.

How many GLOBALFOUNDRIES (GFS) ordinary shares does the officer hold after this Form 4?

After the reported transactions, the officer directly holds 51,764 ordinary shares of GLOBALFOUNDRIES. This figure comes from the Form 4 ownership table and reflects his post-transaction stake following the RSU vesting and associated tax-withholding share disposition.

What is the remaining RSU position for the GLOBALFOUNDRIES (GFS) officer after this transaction?

The officer holds 70,095 restricted share units after the event. These RSUs vest in installments on March 1, 2027, 2028 and 2029, May 1, 2027, and February 27, 2027, subject to his continuous service through each stated vesting date.

Was the Form 4 transaction for GLOBALFOUNDRIES (GFS) an open-market sale or a tax event?

The Form 4 reflects a tax event rather than an open-market sale. Shares were withheld by GLOBALFOUNDRIES to satisfy the officer’s tax withholding obligations arising from RSU vesting, categorized as a tax-withholding disposition under transaction code F.