GRASBY PAUL DARREN 4

What Happened

• Paul Darren Grasby, EVP & Chief Strategy Officer of Advanced Micro Devices (AMD), had 7,084 restricted stock units (RSUs convert to shares) vest on Feb 15, 2026. The RSUs converted at $0 exercise price (typical for RSUs). To satisfy tax withholding obligations, 3,330 of those shares were withheld at an implied value of $207.32/share (total withholding ≈ $690,376). Net shares delivered to Grasby were 3,754.

Key Details

• Transaction date: February 15, 2026; Form filed February 18, 2026.
• Shares converted/issued: 7,084 (code M: exercise/conversion of derivative); exercise price listed $0.00.
• Shares withheld for taxes: 3,330 (code F: tax withholding) at $207.32 each; total ≈ $690,376.
• Net shares retained by insider: 7,084 − 3,330 = 3,754.
• Footnotes: Each RSU equals one share on vesting; these RSUs vest 1/3 on each of Feb 15, 2026, 2027 and 2028.
• Filing timing: Form 4 was filed three days after the transaction date; this may be one business day late relative to the usual two-business-day Form 4 deadline.

Context

• This was not an open-market sale or purchase. It was a routine RSU vesting event with a common "sell/withhold to cover taxes" action. Such withholding does not indicate a market sale by the insider and is a standard company payroll/tax procedure.