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ADVANCED MICRO DEVICES INC·4

Feb 26, 5:34 PM ET

Papermaster Mark D 4

Research Summary

AI-generated summary

Updated

AMD CTO Mark Papermaster Gifts 413,212 Shares to GRATs

What Happened
Mark D. Papermaster, Chief Technology Officer & EVP of Advanced Micro Devices, reported gift transfers on February 24, 2026. The filing shows two separate contributions of 206,606 shares each (total 413,212 shares) to grantor-retained annuity trusts. Each transaction is coded as a gift (G) and reported with $0 cash consideration in the Form 4.

Key Details

  • Transaction date: February 24, 2026; Form 4 filed February 26, 2026 (appears to be timely).
  • Transactions: Two gift transfers of 206,606 shares each (total 413,212 shares). Price/consideration reported as $0 (gifts).
  • Shares owned after transaction: Not specified in the filing.
  • Footnotes: F1 — 206,606 shares contributed to a GRAT where Papermaster serves as sole trustee and annuitant. F2 — 206,606 shares contributed to a GRAT where his spouse serves as sole trustee and annuitant.
  • Transaction code: G = Gift.

Context
Grantor-retained annuity trusts (GRATs) are commonly used for estate-planning purposes to transfer potential future appreciation out of an estate; such transfers are not the same as open-market sales or purchases and do not, by themselves, signal insider bullish/bearish trading. The filing records the transfers as gifts (no cash proceeds).