GLOBALFOUNDRIES (GFS) CLO sells 500 shares under Rule 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 500 Ordinary Shares on May 7, 2026 at a price of $72.19 per share. After this transaction, the officer directly owns 15,994 Ordinary Shares.
The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted before an offering by the company’s majority shareholder. A lock-up agreement limits other sales until May 10, 2026, and this trade falls under a permissible exemption to that lock-up.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 500 shares ($36,095)
Net Sell
1 txn
Insider
Azar Samak L
Role
Chief Legal Officer
Sold
500 shs ($36K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 500 | $72.19 | $36K |
Holdings After Transaction:
Ordinary Shares — 15,994 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 500 Ordinary Shares
Sale price: $72.19 per share
Shares held after: 15,994 Ordinary Shares
+3 more
6 metrics
Shares sold
500 Ordinary Shares
Open-market sale on May 7, 2026
Sale price
$72.19 per share
Ordinary Shares transaction on May 7, 2026
Shares held after
15,994 Ordinary Shares
Direct ownership following the sale
Transaction code
Code S
Sale in open market or private transaction
Lock-up expiry
May 10, 2026
End date of underwriter lock-up agreement
Net share direction
-500 shares
Net-sell direction in transaction summary
Key Terms
Rule 10b5-1 trading plan, lock-up agreement, majority shareholder, open-market sale
4 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.
lock-up agreement regulatory
"The reporting person is subject to a lock-up agreement that expires on May 10, 2026"
A lock-up agreement is a contract that prevents company insiders and early investors from selling their shares for a fixed period after a stock sale, often after an initial public offering. It matters to investors because it temporarily limits the number of shares that can hit the market, which can keep the share price steadier; when the lock-up ends, a sudden increase in available shares can create extra volatility, revealing insiders’ confidence or lack thereof.
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 for Azar Samak L?
GLOBALFOUNDRIES reported that Chief Legal Officer Azar Samak L sold 500 Ordinary Shares. The sale occurred on May 7, 2026, as an open-market transaction at $72.19 per share, and was executed under a pre-arranged Rule 10b5-1 trading plan.
Was the GLOBALFOUNDRIES (GFS) insider sale made under a Rule 10b5-1 plan?
Yes. The Form 4 states the sale was effected under a Rule 10b5-1 trading plan adopted before the majority shareholder’s offering. Such pre-arranged plans automate trading, aiming to separate personal portfolio decisions from short-term information advantages.
What lock-up agreement applies to the GLOBALFOUNDRIES (GFS) insider in this filing?
The insider is subject to a lock-up agreement that expires on May 10, 2026. It was entered into with underwriters in connection with an offering by the issuer’s majority shareholder, and the reported sale qualifies as a permissible exemption under that agreement.
What type of transaction code is used in this GLOBALFOUNDRIES (GFS) Form 4?
The transaction is coded “S,” indicating a sale in an open market or private transaction. The filing specifies it as an open-market sale of non-derivative Ordinary Shares, aligning with standard SEC coding for insider share disposals.
Does the GLOBALFOUNDRIES (GFS) Form 4 involve derivative securities or options?
No. The Form 4 reports a transaction in non-derivative Ordinary Shares only. The derivativeSummary section is empty, indicating no options, warrants, or other derivative securities were exercised, converted, or otherwise transacted in this particular filing.