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 L reported an open-market sale of 335 Ordinary Shares at $82.00 per share. The transaction was executed on June 4, 2026 pursuant to a pre-arranged Rule 10b5-1 trading plan.
After this sale, the officer directly holds 14,489 Ordinary Shares. Because the sale is relatively small compared with the reported remaining holdings and was conducted under a trading plan, it appears as a routine portfolio management move rather than a major change in ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 335 shares ($27,470)
Net Sell
1 txn
Insider
Azar Samak L
Role
Chief Legal Officer
Sold
335 shs ($27K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 335 | $82.00 | $27K |
Holdings After Transaction:
Ordinary Shares — 14,489 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 335 shares
Sale price: $82.00 per share
Shares held after sale: 14,489 shares
3 metrics
Shares sold
335 shares
Open-market sale on June 4, 2026
Sale price
$82.00 per share
Ordinary Shares transaction
Shares held after sale
14,489 shares
Direct ownership following transaction
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"
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) report on this Form 4?
GLOBALFOUNDRIES reported that its Chief Legal Officer, Azar Samak L, sold 335 Ordinary Shares in an open-market transaction at $82.00 per share. The sale occurred on June 4, 2026 and was disclosed as a routine Form 4 insider filing.
Was the GLOBALFOUNDRIES (GFS) insider sale made under a Rule 10b5-1 plan?
Yes. The filing states the 335-share sale was effected under a Rule 10b5-1 trading plan adopted by the reporting person. Such pre-arranged plans automate trades over time and are commonly used to reduce the appearance of timing-based insider decisions.
What is the size of the GLOBALFOUNDRIES (GFS) insider sale in this Form 4?
The Form 4 shows an open-market sale of 335 Ordinary Shares at $82.00 per share. This single transaction is the only trade reported in the filing and is classified as a non-derivative sale of common equity rather than options or other derivatives.
Who is the reporting person in the GLOBALFOUNDRIES (GFS) Form 4 filing?
The reporting person is Azar Samak L, who serves as Chief Legal Officer of GLOBALFOUNDRIES Inc. The filing identifies this role explicitly and shows that the reported 335-share sale relates to the officer’s directly held Ordinary Shares, not to derivative securities.