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GLOBALFOUNDRIES Chief Legal Officer Sells 335 Shares Under Rule 10b5-1 Plan
GLOBALFOUNDRIES Inc.
$GFS4CIK: 0001709048
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Filing Summary
# Insider Transaction: GLOBALFOUNDRIES Inc. ($GFS)
**Reporting Owner:** Azar Samak L (Chief Legal Officer)
- **Transaction Type:** Open Market Sale (Rule 10b5-1)
- **Date:** 2026-10-22
- **Shares Sold:** 335 @ $46.26
- **Total Value:** $15,497.10
- **Remaining Holdings:** 7,789 shares (Direct)
- **Significance:** Low (Pre-scheduled, minor transaction size)
Comprehensive Analysis
Executive Summary
On October 23, 2026, GLOBALFOUNDRIES Inc. ($GFS) filed a Form 4 disclosing that Samak L. Azar, Chief Legal Officer, disposed of 335 Ordinary Shares on October 22, 2026, at an execution price of $46.26 per share, generating gross proceeds of $15,497.10.
Transaction Breakdown
- Security: Ordinary Shares
- Transaction Code: S (Open Market Sale)
- Shares Transacted: 335
- Price Per Share: $46.26
- Total Transaction Value: $15,497.10
- Post-Transaction Ownership: 7,789 shares held directly
Key Considerations & Trading Significance
- 10b5-1 Trading Plan: Footnote disclosures specify that the transaction was executed pursuant to a pre-arranged Rule 10b5-1 trading plan.
- Transaction Size: The total value of ~$15.5k represents a small portion of the reporting owner's equity holding (approximately 4.1% of their pre-transaction holdings) and carries minimal market impact.
- Significance Rating: Low, given the small dollar amount and the pre-established nature of the Rule 10b5-1 program.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.