GLOBALFOUNDRIES CBO sells 500 shares at $60
GLOBALFOUNDRIES Inc. Chief Business Officer Michael James Hogan sold 500 Ordinary Shares at $60.00 per share in an open-market transaction.
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Rhea-AI Filing Summary
GLOBALFOUNDRIES Inc. Chief Business Officer Michael James Hogan sold 500 Ordinary Shares at $60.00 per share in an open-market transaction. After this sale, he directly holds 18,345 Ordinary Shares. The transaction occurred on April 20, 2026.
The sale is permitted under a lock-up agreement that runs until May 10, 2026 and was executed as an allowed exception. It was also carried out under a pre-established Rule 10b5-1 trading plan adopted before an offering by the company’s majority shareholder, indicating the sale was pre-planned rather than opportunistic.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 500 | $60.00 | $30K |
Footnotes (1)
- F1. 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 of shares is a permissible exemption under the terms of the lock-up agreement. The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person prior to the offering.
Key Figures
Key Terms
Rule 10b5-1 trading plan regulatory
lock-up agreement financial
open-market sale financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did GLOBALFOUNDRIES (GFS) report for Michael James Hogan?
Was the GLOBALFOUNDRIES (GFS) insider sale made under a Rule 10b5-1 trading plan?
How does a lock-up agreement affect this GLOBALFOUNDRIES (GFS) insider sale?
Who is the insider involved in the latest GLOBALFOUNDRIES (GFS) Form 4 filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.