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 of the company. The shares were sold at a price of $83.35 per share and the transaction was executed pursuant to a Rule 10b5-1 trading plan. Following this sale, the executive directly holds 13,819 Ordinary Shares of GLOBALFOUNDRIES.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 335 shares ($27,922)
Net Sell
1 txn
Insider
Azar Samak L
Role
Chief Legal Officer
Sold
335 shs ($28K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 335 | $83.35 | $28K |
Holdings After Transaction:
Ordinary Shares — 13,819 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 335 shares
Sale price per share: $83.35 per share
Shares held after transaction: 13,819 shares
+1 more
4 metrics
Shares sold
335 shares
Open-market sale of Ordinary Shares
Sale price per share
$83.35 per share
Price for the 335-share sale
Shares held after transaction
13,819 shares
Direct holdings post-sale
Net shares sold in filing
335 shares
NetSellShares from transaction summary
Key Terms
Rule 10b5-1 trading plan, open-market sale, Ordinary Shares
3 terms
Rule 10b5-1 trading plan financial
"The sale reported in this Form 4 was 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.
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) disclose for Azar Samak L?
GLOBALFOUNDRIES reported that Chief Legal Officer Azar Samak L sold 335 Ordinary Shares in an open-market transaction. The sale was reported on a Form 4 and reflects a routine insider trade rather than a change in compensation or a new grant of shares.
Was the GLOBALFOUNDRIES (GFS) insider sale under a Rule 10b5-1 plan?
Yes. The Form 4 states that the sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person. Such plans are pre-arranged frameworks that allow insiders to sell shares according to predetermined instructions, helping separate trades from day-to-day discretion.
What type of security did Azar Samak L sell in GLOBALFOUNDRIES (GFS)?
The filing shows that Azar Samak L sold GLOBALFOUNDRIES Ordinary Shares, classified as a non-derivative security. This means the transaction involved common equity directly, not options, warrants, or other derivative instruments, and it was reported as an open-market sale on Form 4.