GLOBALFOUNDRIES (GFS) executive gifts 150 shares and sells 2,300 under plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GLOBALFOUNDRIES Inc. Chief Business Officer Michael James Hogan reported two insider transactions. On April 29, 2026, he made a bona fide gift of 150 Ordinary Shares and separately sold 2,300 Ordinary Shares at $60.69 per share in an open-market transaction. Both transactions were executed under a pre-arranged Rule 10b5-1 trading plan and are permitted exceptions to a lock-up agreement that runs until May 10, 2026. Hogan continues to hold more than 15,000 Ordinary Shares after these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 2,300 shares ($139,587)
Net Sell
2 txns
Insider
Hogan Michael James
Role
Chief Business Officer
Sold
2,300 shs ($140K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 2,300 | $60.69 | $140K |
| Gift | Ordinary Shares | 150 | $0.00 | -- |
Holdings After Transaction:
Ordinary Shares — 16,045 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Open-market sale: 2,300 shares at $60.69
Bona fide gift: 150 shares
Shares after gift: 15,895 shares
+3 more
6 metrics
Open-market sale
2,300 shares at $60.69
Ordinary Shares sold on April 29, 2026
Bona fide gift
150 shares
Ordinary Shares gifted on April 29, 2026
Shares after gift
15,895 shares
Direct Ordinary Share holdings following gift transaction
Shares after sale
16,045 shares
Direct Ordinary Share holdings following sale transaction
Net shares sold
2,300 shares
Net buy/sell shares from transaction summary
Gifted shares total
150 shares
GiftShares in transaction summary
Key Terms
Rule 10b5-1 trading plan, lock-up agreement, bona fide gift, open-market sale
4 terms
Rule 10b5-1 trading plan financial
"The sale and gift reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person"
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.
lock-up agreement financial
"The reporting person is subject to a lock-up agreement that expires on May 10, 2026"
A lock-up agreement is a contract that prevents company insiders and early investors from selling their shares for a fixed period after a stock sale, often after an initial public offering. It matters to investors because it temporarily limits the number of shares that can hit the market, which can keep the share price steadier; when the lock-up ends, a sudden increase in available shares can create extra volatility, revealing insiders’ confidence or lack thereof.
bona fide gift financial
"transaction_code_description": "Bona fide gift""
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 transactions did GLOBALFOUNDRIES (GFS) officer Michael James Hogan report?
Michael James Hogan reported two transactions involving GLOBALFOUNDRIES Ordinary Shares. He made a bona fide gift of 150 shares and separately sold 2,300 shares at $60.69 per share. Both transactions occurred on April 29, 2026 under a pre-arranged Rule 10b5-1 trading plan.
Were Michael James Hogan’s GLOBALFOUNDRIES (GFS) trades under a Rule 10b5-1 plan?
Yes. The footnote states that both the sale and the gift were effected pursuant to a Rule 10b5-1 trading plan that Hogan adopted prior to a related securities offering, indicating the transactions were pre-planned rather than timed discretionarily.