GLOBALFOUNDRIES (GFS) CSO pre-planned sale of 2,800 shares and 150-share gift
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GLOBALFOUNDRIES Inc. Chief Strategy Officer Michael James Hogan reported two transactions in Ordinary Shares. He completed an open-market sale of 2,800 shares at $75.17 per share and made a bona fide gift of 150 shares. Both the sale and the gift were carried out under a pre-arranged Rule 10b5-1 trading plan, indicating these moves were scheduled in advance rather than timed discretionarily.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 2,800 shares ($210,476)
Net Sell
2 txns
Insider
Hogan Michael James
Role
Chief Strategy Officer
Sold
2,800 shs ($210K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 2,800 | $75.17 | $210K |
| Gift | Ordinary Shares | 150 | $0.00 | -- |
Holdings After Transaction:
Ordinary Shares — 6,695 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 2,800 shares
Sale price per share: $75.17 per share
Shares gifted: 150 shares
3 metrics
Shares sold
2,800 shares
Open-market sale of Ordinary Shares on June 10, 2026
Sale price per share
$75.17 per share
Price for 2,800 Ordinary Shares sold
Shares gifted
150 shares
Bona fide gift of Ordinary Shares on June 10, 2026
Key Terms
Rule 10b5-1 trading plan, bona fide gift, open-market sale
3 terms
Rule 10b5-1 trading plan regulatory
"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.
bona fide gift financial
"transaction_code_description": "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
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) report for Michael James Hogan?
GLOBALFOUNDRIES Chief Strategy Officer Michael James Hogan reported an open-market sale of 2,800 Ordinary Shares and a bona fide gift of 150 shares. Both transactions occurred on June 10, 2026 and were executed under a pre-arranged Rule 10b5-1 trading plan.
Did the GLOBALFOUNDRIES (GFS) insider transaction include any stock gifts?
Yes. In addition to the sale, Michael James Hogan made a bona fide gift of 150 GLOBALFOUNDRIES Ordinary Shares. The Form 4 notes that both the sale and the gift were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
What is the significance of the Rule 10b5-1 trading plan in this GFS Form 4?
The Form 4 states the sale and gift were effected under a Rule 10b5-1 trading plan. Such plans pre-schedule trades, meaning the timing of Hogan’s 2,800-share sale and 150-share gift was predetermined, which can reduce the informational value of the trade timing.
What roles and ownership type are disclosed for the GLOBALFOUNDRIES (GFS) insider?
Michael James Hogan is identified as Chief Strategy Officer of GLOBALFOUNDRIES and not a ten percent owner. The reported Ordinary Share transactions are categorized as direct ownership, meaning the shares involved were held directly rather than through an intermediary entity.