GLOBALFOUNDRIES legal chief sells 500 shares
GLOBALFOUNDRIES Inc. Chief Legal Officer Azar Samak L reported an open-market sale of 500 Ordinary Shares at $42.96 per share.
Rhea-AI Filing Summary
GLOBALFOUNDRIES Inc. Chief Legal Officer Azar Samak L reported an open-market sale of 500 Ordinary Shares at $42.96 per share. After this transaction, the officer directly holds 18,494 Ordinary Shares.
The footnote explains that the officer is subject to a lock-up agreement that runs until May 10, 2026, entered into with underwriters in connection with an offering by the company’s majority shareholder. This sale is described as a permissible exemption under that lock-up and was carried out under a pre-established Rule 10b5-1 trading plan adopted before that offering.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 500 | $42.96 | $21K |
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
Key Terms
Rule 10b5-1 trading plan regulatory
lock-up agreement regulatory
open-market sale financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did GLOBALFOUNDRIES (GFS) report on this Form 4?
Was the GLOBALFOUNDRIES (GFS) insider sale under a Rule 10b5-1 plan?
Is the GLOBALFOUNDRIES (GFS) insider subject to a lock-up agreement?
Who is the insider involved in this GLOBALFOUNDRIES (GFS) Form 4 filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.