GlobalFoundries (NASDAQ: GFS) officer sale and gift under 10b5-1
Filing Impact
Filing Sentiment
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 Trade Summary 10b5-1
Net Seller: 1,800 shares ($86,958)
Net Sell
2 txns
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)
- [object Object]
Key Figures
Shares sold: 1,800 shares
Sale price: $48.31 per share
Shares gifted: 150 shares
+2 more
5 metrics
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
Key Terms
Rule 10b5-1 trading plan, lock-up agreement, bona fide gift, open-market sale
4 terms
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.
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.
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 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.