GlobalFoundries (NASDAQ: GFS) CLO 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 reported an open-market sale of 335 Ordinary Shares on July 2, 2026 at an average price of $77.36 per share. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. After this sale, Samak directly owns 13,149 Ordinary Shares.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 335 shares ($25,916)
Net Sell
1 txn
Insider
Azar Samak L
Role
Chief Legal Officer
Sold
335 shs ($26K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 335 | $77.36 | $26K |
Holdings After Transaction:
Ordinary Shares — 13,149 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 335 shares
Sale price: $77.36 per share
Shares owned after transaction: 13,149 shares
+1 more
4 metrics
Shares sold
335 shares
Open-market sale on July 2, 2026
Sale price
$77.36 per share
Average price for the 335 Ordinary Shares sold
Shares owned after transaction
13,149 shares
Direct ownership following the reported sale
Net share change
-335 shares
Net effect of reported Form 4 transactions
Key Terms
Rule 10b5-1 trading plan, open-market sale, Ordinary Shares
3 terms
Rule 10b5-1 trading plan regulatory
"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" for 335 Ordinary Shares at $77.36 per share."
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 did GLOBALFOUNDRIES (GFS) Chief Legal Officer report in this Form 4?
GLOBALFOUNDRIES Chief Legal Officer Azar Samak reported selling 335 Ordinary Shares. The open-market sale occurred at an average price of $77.36 per share and was made under a Rule 10b5-1 trading plan, indicating the transaction was pre-scheduled rather than opportunistic.
Was the GLOBALFOUNDRIES (GFS) insider sale made under a Rule 10b5-1 plan?
Yes. The filing states the sale was effected under a Rule 10b5-1 trading plan adopted by the reporting person. Such plans allow insiders to pre-schedule trades, reducing the significance of trade timing as an indicator of views on the company’s prospects.
What type of transaction did GLOBALFOUNDRIES (GFS) report for Azar Samak?
The transaction is classified as an open-market sale of non-derivative Ordinary Shares. The Form 4 uses transaction code “S,” indicating a sale in the open market or a private transaction, with no derivative exercises or option-related activity reported in this specific filing.