Papermaster Mark D 4

What Happened

• Mark D. Papermaster, Chief Technology Officer and EVP of Advanced Micro Devices (AMD), exercised stock options and sold shares under a pre-established trading plan. On April 15, 2026 he exercised 6,000 options at $84.85 (cost $509,100) and the same day sold 6,000 shares at $255.54 for $1,533,240. On April 16, 2026 he sold an additional 27,109 shares at $275.00 for $7,454,975. The total shares sold were 33,109 for aggregate proceeds of approximately $8.99 million. A separate 6,000-share "disposed" entry at $0.00 reflects derivative handling (see Key Details).

Key Details

• Transaction dates & prices:
  • 2026-04-15: Exercised 6,000 options @ $84.85 (acquired) — $509,100
  • 2026-04-15: Sold 6,000 shares @ $255.54 — $1,533,240
  • 2026-04-16: Sold 27,109 shares @ $275.00 — $7,454,975
  • 2026-04-15: Disposition of 6,000 derivative shares @ $0.00 (related to exercise)
• Total sold: 33,109 shares for ~ $8.99M in proceeds.
• Shares owned after transaction: not provided in the supplied filing details.
• Footnotes: Sales and option exercises were executed pursuant to a Rule 10b5-1 trading plan adopted by Papermaster on November 14, 2025 (F1, F2). The options exercised were subject to a vesting schedule (1/3 on Aug 9 of 2021, 2022, 2023) (F3).
• Filing timeliness: Report covers transactions on 2026-04-15 and was filed on 2026-04-17 — within the standard Form 4 filing window (generally two business days).

Context

• This appears to be a planned, routine cashless exercise and sale: options were exercised and shares were sold shortly thereafter under a pre-set 10b5-1 plan. The $0.00 derivative disposition line commonly reflects shares withheld or surrendered to satisfy exercise costs or tax withholding rather than an open-market transfer. 10b5-1 trades are prearranged and do not necessarily reflect the insider’s current view on the company.