GLOBALFOUNDRIES (GFS) legal chief sells 335 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GLOBALFOUNDRIES Inc. Chief Legal Officer Azar Samak L reported an open-market sale of 335 Ordinary Shares on July 9, 2026 at $70.90 per share. The transaction was effected under a Rule 10b5-1 trading plan adopted by the reporting person. Following this sale, the officer directly holds 12,814 Ordinary Shares.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 335 shares ($23,752)
Net Sell
1 txn
Insider
Azar Samak L
Role
Chief Legal Officer
Sold
335 shs ($24K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 335 | $70.90 | $24K |
Holdings After Transaction:
Ordinary Shares — 12,814 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Shares Sold: 335 Ordinary Shares
Sale Price: $70.90 per share
Post-transaction Holdings: 12,814 Ordinary Shares
3 metrics
Shares Sold
335 Ordinary Shares
Open-market sale by Chief Legal Officer on July 9, 2026
Sale Price
$70.90 per share
Price received in the July 9, 2026 open-market sale
Post-transaction Holdings
12,814 Ordinary Shares
Direct holdings of the Chief Legal Officer after the sale
Key Terms
Rule 10b5-1 trading plan, open-market sale, Ordinary Shares
3 terms
Rule 10b5-1 trading plan regulatory
"The sale ... 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.
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 transaction did GLOBALFOUNDRIES (GFS) report for Azar Samak L?
GLOBALFOUNDRIES reported that Chief Legal Officer Azar Samak L sold 335 Ordinary Shares in an open-market transaction at $70.90 per share on July 9, 2026, and now directly holds 12,814 shares.
Was the GLOBALFOUNDRIES (GFS) insider sale made under a Rule 10b5-1 plan?
Yes. The filing states the sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person, indicating the trade was pre-arranged rather than opportunistic based on short-term market movements.
What type of insider transaction did GLOBALFOUNDRIES (GFS) disclose for July 9, 2026?
GLOBALFOUNDRIES disclosed an open-market sale of Ordinary Shares by its Chief Legal Officer on July 9, 2026, coded as a “S” transaction in the Form 4, representing a standard sale in the market.