GlobalFoundries (NASDAQ: GFS) legal chief sells 335 shares
Rhea-AI Filing Summary
GLOBALFOUNDRIES Inc. reports that Chief Legal Officer Azar Samak L completed a sale of 335.0000 Ordinary Shares on 2026-07-23 at $57.1200 per share in an open-market or private transaction. The trade was executed under a Rule 10b5-1 trading plan, leaving 12144.0000 Ordinary Shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 335 shares
Net Sell
1 txn
Insider
Azar Samak L
Role
Chief Legal Officer
Sold
335 shs ($19K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares F1 | 335 | $57.12 | $19K |
Holdings After Transaction:
Ordinary Shares — 12,144 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: 335.0000 Ordinary Shares
Sale price per share: $57.1200
Shares owned after sale: 12144.0000 Ordinary Shares
+1 more
4 metrics
Shares sold
335.0000 Ordinary Shares
Ordinary Shares sold by the Chief Legal Officer on 2026-07-23
Sale price per share
$57.1200
Per-share price for the 335.0000 Ordinary Shares sold
Shares owned after sale
12144.0000 Ordinary Shares
Direct holdings following the 2026-07-23 transaction
Rule 10b5-1 plan status
Affirmed
Sale effected pursuant to a Rule 10b5-1 trading plan
Key Terms
Rule 10b5-1 trading plan, open market or private transaction, Ordinary Shares
3 terms
Rule 10b5-1 trading plan regulatory
"The sale was effected pursuant to a Rule 10b5-1 trading plan adopted"
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.
open market or private transaction market
"transaction code description: Sale in open market or private transaction"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did GLOBALFOUNDRIES (GFS) report in this Form 4?
GLOBALFOUNDRIES reported that Chief Legal Officer Azar Samak L sold 335.0000 Ordinary Shares on 2026-07-23 at $57.1200 per share. The sale was executed as an open-market or private transaction under a Rule 10b5-1 trading plan adopted by the reporting person.
Was the GLOBALFOUNDRIES (GFS) insider sale made under a Rule 10b5-1 trading plan?
Yes. The filing states that the sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person, and the Rule 10b5-1 checkbox is affirmed. Such plans typically pre-schedule trades, which can reduce the informational value of transaction timing.
Is the reported GLOBALFOUNDRIES (GFS) insider transaction a purchase or a sale?
The Form 4 reports a sale of GLOBALFOUNDRIES Ordinary Shares. The transaction code is “S,” described as a sale in an open-market or private transaction, and the acquired/disposed flag classifies the 335.0000-share transaction as a disposition rather than an acquisition.