AMD EVP & GM DSG Forrest Eugene Norrod Sells $8.68M in Stock via 10b5-1 Plan

Executive Summary

On September 17, 2026, Advanced Micro Devices, Inc. ($AMD) filed a Form 4 disclosing that Forrest Eugene Norrod, Executive Vice President & General Manager of the Data Center Solutions Business Group (DSG), completed an option exercise and a series of common stock sales on September 15, 2026.

Transaction Overview

1. Option Exercise:

   • Derivative: Stock Option Grant
   • Shares Exercised: 7,261 shares
   • Exercise Price: $84.85 per share
   • Remaining Underlying Options: 7,262

2. Open-Market Sales:

   • Shares Sold: 17,261 shares executed in 9 separate tranches at prices ranging between $497.98 and $506.92.
   • Weighted Average Sale Price: ~$503.05
   • Gross Proceeds: ~$8,683,155.61
   • Shares Held Following Transaction: 363,317 direct shares

Key Takeaways

• Rule 10b5-1 Plan: Both the option exercise and stock sales were executed pursuant to a pre-scheduled Rule 10b5-1 trading plan adopted on May 20, 2026.
• Position Impact: Norrod continues to hold a substantial direct stake of 363,317 common shares. The sales represent approximately 4.5% of his direct holdings prior to the transactions.
• Significance Level: Medium. While the total dollar volume is notable (~$8.68M), the adoption of a predetermined 10b5-1 trading plan and partial linkage to option execution minimize informational signaling regarding AMD's near-term fundamentals.