Norrod Forrest Eugene 4

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.