Norrod Forrest Eugene 4
4 · ADVANCED MICRO DEVICES INC · Filed Feb 13, 2026
Research Summary
AI-generated summary of this filing
AMD EVP Forrest Norrod Exercises Options, Sells Shares
What Happened Forrest Norrod, EVP & GM (DESG) of Advanced Micro Devices, exercised 8,200 stock options at $34.19/share (cost $280,358) on Feb 11, 2026 and sold shares in multiple open-market transactions the same day. He sold 19,450 shares across four trades for aggregate proceeds of $4,216,969. The filing also reports a disposition of 8,200 shares at $0 in connection with the option exercise (commonly reflects shares withheld for exercise/tax obligations).
Key Details
- Transaction date: 2026-02-11; Form 4 filed 2026-02-13 (timely).
- Options exercised: 8,200 shares at $34.19 — $280,358 total.
- Open-market sales: 4,141 @ $215.12 ($890,812); 3,607 @ $216.22 ($779,906); 11,602 @ $217.59 ($2,524,479); 100 @ $217.72 ($21,772). Total sold = 19,450 shares for $4,216,969.
- Additional disposal: 8,200 shares reported disposed at $0 in connection with the exercise.
- Footnotes: Sales and option exercises were effected under a Rule 10b5-1 trading plan adopted June 6, 2025; sale price ranges reported across multiple trades (see filing footnotes).
- Shares owned after transaction: Not disclosed in the provided filing excerpt.
Context This was an exercise of vested options followed by planned sales under a pre-established 10b5-1 plan. That pattern (exercise + immediate sale/withholding) is commonly used to cover exercise costs and tax withholding and is treated as routine insider liquidity rather than a discretionary market-timing purchase.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-02-11$34.19/sh+8,200$280,358→ 308,548 total - Sale
Common Stock
[F2][F3]2026-02-11$215.12/sh−4,141$890,812→ 304,407 total - Sale
Common Stock
[F2][F4]2026-02-11$216.22/sh−3,607$779,906→ 300,800 total - Sale
Common Stock
[F2][F5]2026-02-11$217.59/sh−11,602$2,524,479→ 289,198 total - Sale
Common Stock
[F2]2026-02-11$217.72/sh−100$21,772→ 289,098 total - Exercise/Conversion
Stock Option Grant
[F6]2026-02-11−8,200→ 8,237 totalExercise: $34.19Exp: 2026-08-09→ Common Stock (8,200 underlying)
Footnotes (6)
- [F1]The stock option exercises reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 6, 2025.
- [F2]The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 6, 2025.
- [F3]Transaction executed in multiple trades at prices ranging from $214.68 to $215.67 per share, inclusive. The price reported in column 4 above reflects the weighted average sale price per share. The Reporting Person hereby undertakes to provide the SEC staff, the Issuer or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
- [F4]Transaction executed in multiple trades at prices ranging from $215.68 to $216.63 per share, inclusive. The price reported in column 4 above reflects the weighted average sale price per share. The Reporting Person hereby undertakes to provide the SEC staff, the Issuer or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
- [F5]Transaction executed in multiple trades at prices ranging from $216.70 to $217.68 per share, inclusive. The price reported in column 4 above reflects the weighted average sale price per share. The Reporting Person hereby undertakes to provide the SEC staff, the Issuer or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
- [F6]The options vest 1/3 on each of August 9, 2020, 2021 and 2022.