GLOBALFOUNDRIES (NASDAQ: GFS) legal chief trims stake in share sale plan
Rhea-AI Filing Summary
GLOBALFOUNDRIES Inc. insider Azar Samak L, the company’s Chief Legal Officer, reported a sale of 335 Ordinary Shares of GFS on 2026-08-13 at a price of $52.62 per share. Following this transaction, direct holdings total 11,139 Ordinary Shares. The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
Positive
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Insider Trade Summary 10b5-1
Net Seller: 335 shares
Net Sell
1 txn
Insider
Azar Samak L
Role
Chief Legal Officer
Sold
335 shs ($18K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares F1 | 335 | $52.62 | $18K |
Holdings After Transaction:
Ordinary Shares — 11,139 shares (Direct)
Footnotes (1)
- F1. The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
Key Figures
Shares Sold: 335 Ordinary Shares
Sale Price: $52.62 per share
Shares Held After Transaction: 11,139 Ordinary Shares
+2 more
5 metrics
Shares Sold
335 Ordinary Shares
Non-derivative sale on 2026-08-13 by Chief Legal Officer
Sale Price
$52.62 per share
Price for the 335 Ordinary Shares sold on 2026-08-13
Shares Held After Transaction
11,139 Ordinary Shares
Direct holdings of Azar Samak L following the reported sale
Net Shares Sold
335 shares
Net-sell direction across all reported transactions in this Form 4
Number of Sell Transactions
1 transaction
Single reported non-derivative sale coded "S"
Key Terms
Rule 10b5-1 trading plan, Ordinary Shares, sale in open market or private transaction
3 terms
Rule 10b5-1 trading plan regulatory
"The sale reported ... 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.
sale in open market or private transaction financial
"transaction_code_description: "Sale in open market or private transaction""
FAQ
What insider transaction did GLOBALFOUNDRIES Inc. (GFS) report for Azar Samak L?
GLOBALFOUNDRIES Inc. reported that Chief Legal Officer Azar Samak L sold 335 Ordinary Shares of GFS on 2026-08-13. The transaction was a reported sale in open market or private transaction at a stated price of $52.62 per share.
Was the GLOBALFOUNDRIES (GFS) insider sale made under a Rule 10b5-1 plan?
Yes. The filing states the sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person. Such plans provide for pre-arranged trading and can reduce the informational value of transaction timing for interpreting insider sentiment.
What is the transaction code used in the GLOBALFOUNDRIES (GFS) Form 4 for this trade?
The transaction is coded as "S", which denotes a sale in open market or private transaction. This code confirms that the 335 Ordinary Shares were disposed of, consistent with the filing’s characterization of the activity as a sale transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.