GLOBALFOUNDRIES CLO sells 500 shares in plan trade
GLOBALFOUNDRIES Inc. Chief Legal Officer Azar Samak L sold 500 Ordinary Shares on April 9, 2026 in an open-market transaction at $47.60 per share.
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Rhea-AI Filing Summary
GLOBALFOUNDRIES Inc. Chief Legal Officer Azar Samak L sold 500 Ordinary Shares on April 9, 2026 in an open-market transaction at $47.60 per share. The trade was executed under a pre-established Rule 10b5-1 trading plan and is allowed as an exemption under a lock-up agreement that otherwise runs until May 10, 2026. After this sale, the officer directly holds 17,994 Ordinary Shares, so the transaction represents a small portion of the reported holding.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 500 | $47.60 | $24K |
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 regulatory
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 Azar Samak L?
Was the GLOBALFOUNDRIES (GFS) insider sale made under a Rule 10b5-1 plan?
How does a lock-up agreement affect this GLOBALFOUNDRIES (GFS) insider sale?
AI-generated analysis. How Rhea-AI works. Not financial advice.