GLOBALFOUNDRIES Inc. (NASDAQ: GFS) CLO sells 335 shares under 10b5-1 plan
Rhea-AI Filing Summary
GLOBALFOUNDRIES Inc. reported that Chief Legal Officer Azar Samak L sold 335 Ordinary Shares on 2026-07-16 at an average price of $59.18 per share. The open-market or private transaction was executed under a Rule 10b5-1 trading plan, and the insider now directly holds 12,479 Ordinary Shares.
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Insider Trade Summary 10b5-1
Net Seller: 335 shares
Net Sell
1 txn
Insider
Azar Samak L
Role
Chief Legal Officer
Sold
335 shs ($20K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares F1 | 335 | $59.18 | $20K |
Holdings After Transaction:
Ordinary Shares — 12,479 shares (Direct)
Footnotes (1)
- F1. The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
Key Figures
Shares sold: 335 Ordinary Shares
Sale price per share: $59.18
Shares owned after transaction: 12,479 Ordinary Shares
+2 more
5 metrics
Shares sold
335 Ordinary Shares
Non-derivative sale on 2026-07-16 by Chief Legal Officer
Sale price per share
$59.18
Average price for the 335 Ordinary Shares sold
Shares owned after transaction
12,479 Ordinary Shares
Direct holdings following the reported sale
Net shares sold
335 shares
Net sell direction in transaction summary
Transaction date
2026-07-16
Date of the reported open-market or private sale
Key Terms
Rule 10b5-1 trading plan, Ordinary Shares, open market or private transaction
3 terms
Rule 10b5-1 trading plan regulatory
"The sale was effected pursuant to a Rule 10b5-1 trading plan adopted"
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 or private transaction financial
"transaction_code_description: Sale in open market or private transaction"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did GLOBALFOUNDRIES (GFS) disclose in this Form 4?
GLOBALFOUNDRIES disclosed that Chief Legal Officer Azar Samak L sold 335 Ordinary Shares on 2026-07-16. The shares were sold at an average price of $59.18 per share in an open-market or private transaction.
What are the Chief Legal Officer’s remaining GLOBALFOUNDRIES (GFS) holdings after this sale?
Following the reported sale, the Chief Legal Officer directly holds 12,479 Ordinary Shares of GLOBALFOUNDRIES Inc. This figure reflects the share position after the disposition of 335 shares on 2026-07-16.
Was the GLOBALFOUNDRIES (GFS) insider sale made under a Rule 10b5-1 trading plan?
Yes. The filing states the sale was effected under a Rule 10b5-1 trading plan adopted by the reporting person. Such plans pre-schedule trades, reducing the significance of transaction timing as a signal of insider sentiment.
What type of security did the GLOBALFOUNDRIES (GFS) insider sell?
The transaction involved Ordinary Shares of GLOBALFOUNDRIES Inc. The Form 4 identifies the security title as Ordinary Shares, with the reported sale covering 335 shares at an average price of $59.18 per share.
What role does the reporting person hold at GLOBALFOUNDRIES (GFS)?
The reporting person, Azar Samak L, serves as Chief Legal Officer of GLOBALFOUNDRIES Inc. The Form 4 identifies this officer role while detailing the sale of 335 Ordinary Shares in July 2026.