STOCK TITAN

GlobalFoundries (NASDAQ: GFS) officer sale and gift under 10b5-1

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

GLOBALFOUNDRIES Inc. Chief Business Officer Michael James Hogan reported an open-market sale and a gift of company shares. He sold 1,800 Ordinary Shares of GLOBALFOUNDRIES at $48.31 per share and separately made a bona fide gift of 150 Ordinary Shares. After these transactions, he directly holds 18,845 Ordinary Shares. According to the footnote, both the sale and the gift are permitted under a lock-up agreement that runs until May 10, 2026 and were carried out under a pre-arranged Rule 10b5-1 trading plan adopted before an offering by the issuer’s majority shareholder.

Positive

  • None.

Negative

  • None.
Insider Hogan Michael James
Role Chief Business Officer
Sold 1,800 shs ($87K)
Type Security Shares Price Value
Sale Ordinary Shares 1,800 $48.31 $87K
Gift Ordinary Shares 150 $0.00 --
Holdings After Transaction: Ordinary Shares — 18,995 shares (Direct)
Footnotes (1)
  1. [object Object]
Shares sold 1,800 shares Ordinary Shares sold at $48.31 on April 15, 2026
Sale price $48.31 per share Open-market sale of GLOBALFOUNDRIES Ordinary Shares
Shares gifted 150 shares Bona fide gift of Ordinary Shares on April 15, 2026
Shares held after 18,845 shares Direct holdings following sale and gift transactions
Net shares sold 1,800 shares Net buy/sell shares from transaction summary
Rule 10b5-1 trading plan financial
"The sale and gift reported in this Form 4 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.
lock-up agreement financial
"The reporting person is subject to a lock-up agreement that expires on May 10, 2026 that was entered into with the underwriters"
A lock-up agreement is a contract that prevents company insiders and early investors from selling their shares for a fixed period after a stock sale, often after an initial public offering. It matters to investors because it temporarily limits the number of shares that can hit the market, which can keep the share price steadier; when the lock-up ends, a sudden increase in available shares can create extra volatility, revealing insiders’ confidence or lack thereof.
bona fide gift financial
"transaction_code_description: "Bona fide gift" for the 150-share transfer"
open-market sale financial
"transaction_action: "open-market sale" for the 1,800 Ordinary Shares"
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.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Hogan Michael James

(Last)(First)(Middle)
400 STONE BREAK ROAD EXTENSION

(Street)
MALTA NEW YORK 12020

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
GLOBALFOUNDRIES Inc. [ GFS ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Business Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/15/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Ordinary Shares04/15/2026S1,800(1)D$48.3118,995D
Ordinary Shares04/15/2026G150(1)D$018,845D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. 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 and gift of shares are a permissible exemption under the terms of the lock-up agreement. The sale and gift reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person prior to the offering.
Remarks:
/s/ Jeff Worth, as Attorney-in-fact for Reporting Person04/17/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transactions did GLOBALFOUNDRIES (GFS) report for Michael James Hogan?

GLOBALFOUNDRIES reported that Chief Business Officer Michael James Hogan sold 1,800 Ordinary Shares at $48.31 per share and made a bona fide gift of 150 Ordinary Shares. Following these transactions, he directly holds 18,845 Ordinary Shares of the company.

At what price did the GLOBALFOUNDRIES (GFS) officer sell shares in this Form 4?

Michael James Hogan sold 1,800 Ordinary Shares of GLOBALFOUNDRIES at $48.31 per share in an open-market transaction. This sale, together with a separate 150-share gift, was executed under a Rule 10b5-1 trading plan described in the Form 4 footnote.

How many GLOBALFOUNDRIES (GFS) shares does Michael James Hogan own after the reported transactions?

After the reported sale and gift, Michael James Hogan directly holds 18,845 Ordinary Shares of GLOBALFOUNDRIES. His holdings decreased by 1,800 shares sold at $48.31 and 150 shares transferred as a bona fide gift, as disclosed in the Form 4 filing.

Were the GLOBALFOUNDRIES (GFS) insider transactions made under a Rule 10b5-1 plan?

Yes. The Form 4 footnote states that both the sale and the gift of GLOBALFOUNDRIES Ordinary Shares were effected pursuant to a Rule 10b5-1 trading plan. That plan was adopted by Michael James Hogan before an offering by the issuer’s majority shareholder.

What lock-up restrictions apply to the GLOBALFOUNDRIES (GFS) officer’s shares in this Form 4?

The filing notes that Michael James Hogan is subject to a lock-up agreement that expires on May 10, 2026. The agreement was entered with underwriters in connection with an offering by the issuer’s majority shareholder, and the reported sale and gift qualify as permissible exemptions.

What type of non-market transaction is disclosed in this GLOBALFOUNDRIES (GFS) Form 4?

In addition to an open-market sale, the Form 4 reports a bona fide gift of 150 Ordinary Shares by Michael James Hogan. A gift transfer is a non-market disposition with no sale proceeds, and it is separately coded from the 1,800-share sale.