GLOBALFOUNDRIES (GFS) director sale under Rule 10b5-1 plan
Rhea-AI Filing Summary
GLOBALFOUNDRIES Inc. director Glenda Dorchak reported an open-market sale of 4,000 Ordinary Shares on April 20, 2026 at an average price of $58.46 per share. After this transaction, she directly holds 18,867 Ordinary Shares. The sale is permitted under a lock-up agreement that runs until May 10, 2026 and was carried out under a pre-established Rule 10b5-1 trading plan adopted before an offering by the issuer’s majority shareholder.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 4,000 shares
Net Sell
1 txn
Insider
Dorchak Glenda
Role
Director
Sold
4,000 shs ($234K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 4,000 | $58.46 | $234K |
Holdings After Transaction:
Ordinary Shares — 18,867 shares (Direct)
Footnotes (1)
- F1. The reporting person is subject to a lock-up agreement that expires on May 10, 2026 that was entered into with the underwriters in connection with an offering of securities by the issuer's majority shareholder. The sale of shares is a permissible exemption under the terms of the lock-up agreement. The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person prior to the offering.
Key Figures
Shares sold: 4,000 shares
Sale price per share: $58.46 per share
Shares held after transaction: 18,867 shares
+1 more
4 metrics
Shares sold
4,000 shares
Open-market sale of Ordinary Shares on April 20, 2026
Sale price per share
$58.46 per share
Average sale price for Ordinary Shares on April 20, 2026
Shares held after transaction
18,867 shares
Direct Ordinary Share holdings following the sale
Net shares sold
4,000 shares
Net sell direction in transaction summary
Key Terms
lock-up agreement, Rule 10b5-1 trading plan, majority shareholder
3 terms
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.
Rule 10b5-1 trading plan regulatory
"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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did GLOBALFOUNDRIES (GFS) director Glenda Dorchak report in this Form 4?
Director Glenda Dorchak reported an open-market sale of 4,000 Ordinary Shares of GLOBALFOUNDRIES Inc. on April 20, 2026 at an average price of $58.46 per share, as disclosed in the Form 4 filing.
How does the lock-up agreement affect the GLOBALFOUNDRIES (GFS) director’s sale?
The director is subject to a lock-up agreement expiring on May 10, 2026. The Form 4 explains that this particular 4,000-share sale qualifies as a permissible exemption under the terms of that lock-up agreement.
What type of transaction did the GLOBALFOUNDRIES (GFS) Form 4 disclose?
The Form 4 discloses a non-derivative, open-market sale of 4,000 Ordinary Shares, coded “S” for sale. It reflects a direct ownership transaction rather than an option exercise, gift, or derivative-related event.