GLOBALFOUNDRIES CLO sells 500 shares in plan trade
GLOBALFOUNDRIES Inc. Chief Legal Officer Azar Samak L reported an open-market sale of 500 Ordinary Shares on April 23, 2026 at $59.66 per share.
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Rhea-AI Filing Summary
GLOBALFOUNDRIES Inc. Chief Legal Officer Azar Samak L reported an open-market sale of 500 Ordinary Shares on April 23, 2026 at $59.66 per share. After this transaction, the officer directly held 16,994 Ordinary Shares.
The footnote explains that Azar Samak L is subject to a lock-up agreement expiring on May 10, 2026 in connection with an offering by the issuer's majority shareholder, and that this sale is a permitted exception. The sale was carried out under a Rule 10b5-1 trading plan adopted before that offering.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 500 | $59.66 | $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 financial
lock-up agreement financial
open-market sale financial
FAQ
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What insider transaction did GLOBALFOUNDRIES (GFS) report for Azar Samak L?
Was the GLOBALFOUNDRIES insider sale made under a Rule 10b5-1 trading plan?
What type of security did Azar Samak L sell in GLOBALFOUNDRIES?
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