GLOBALFOUNDRIES (GFS) CSO executes planned share sale and small gift
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GLOBALFOUNDRIES Inc. Chief Strategy Officer Michael James Hogan reported an open-market sale and a small gift of ordinary shares. He sold 2,800 ordinary shares at $74.64 per share in an open-market transaction, leaving 12,595 shares reported as directly owned after that sale. He also made a bona fide gift of 150 shares at no consideration, with 12,445 shares shown as directly owned after the gift. Both transactions were carried out under a pre-arranged Rule 10b5-1 trading plan adopted by Hogan, indicating they were scheduled in advance rather than timed discretionarily.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 2,800 shares ($208,992)
Net Sell
2 txns
Insider
Hogan Michael James
Role
Chief Strategy Officer
Sold
2,800 shs ($209K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 2,800 | $74.64 | $209K |
| Gift | Ordinary Shares | 150 | $0.00 | -- |
Holdings After Transaction:
Ordinary Shares — 12,595 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Open-market sale shares: 2,800 shares
Sale price per share: $74.64 per share
Shares after sale: 12,595 shares
+4 more
7 metrics
Open-market sale shares
2,800 shares
Ordinary Shares sold on May 13, 2026
Sale price per share
$74.64 per share
Open-market sale of Ordinary Shares
Shares after sale
12,595 shares
Directly owned following 2,800-share sale
Gifted shares
150 shares
Bona fide gift of Ordinary Shares
Shares after gift
12,445 shares
Directly owned following 150-share gift
Gift transaction code
Code G
Bona fide gift disposition
Sale transaction code
Code S
Open-market or private sale
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 two transactions: an open-market sale of 2,800 ordinary shares at $74.64 per share and a bona fide gift of 150 shares, both dated May 13, 2026 under a Rule 10b5-1 plan.