GLOBALFOUNDRIES (GFS) legal chief sells 335 shares in Rule 10b5-1 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 335 Ordinary Shares at $87.02 per share. The transaction took place on June 25, 2026 and was executed under a pre-arranged Rule 10b5-1 trading plan adopted by the reporting person.
Following this sale, he directly holds 13,484 Ordinary Shares. A Rule 10b5-1 trading plan allows insiders to schedule trades in advance, providing a structured way to sell shares over time without making ad hoc timing decisions.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 335 shares ($29,152)
Net Sell
1 txn
Insider
Azar Samak L
Role
Chief Legal Officer
Sold
335 shs ($29K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 335 | $87.02 | $29K |
Holdings After Transaction:
Ordinary Shares — 13,484 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 335 shares
Sale price: $87.02 per share
Shares held after sale: 13,484 shares
3 metrics
Shares sold
335 shares
Open-market sale on June 25, 2026
Sale price
$87.02 per share
Ordinary Shares transaction price
Shares held after sale
13,484 shares
Post-transaction direct ownership
Key Terms
Rule 10b5-1 trading plan, open-market sale, Ordinary Shares
3 terms
Rule 10b5-1 trading plan financial
"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.
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. The shares were sold in an open-market transaction at $87.02 per share, and the sale was executed under a pre-arranged Rule 10b5-1 trading plan.
Was the GLOBALFOUNDRIES (GFS) insider sale made under a Rule 10b5-1 plan?
Yes, the sale was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person. Such plans allow insiders to pre-schedule trades, providing a structured framework for selling shares independently of day-to-day market developments.
What role does Azar Samak L hold at GLOBALFOUNDRIES (GFS)?
Azar Samak L serves as Chief Legal Officer at GLOBALFOUNDRIES. As an executive officer, his share transactions must be reported on Form 4, providing public transparency into his ownership changes in the company’s Ordinary Shares.