Papermaster Mark D 4

What Happened
Mark D. Papermaster, Chief Technology Officer and EVP of Advanced Micro Devices, exercised stock options and immediately sold the resulting shares on May 15, 2026. He exercised 6,000 options at an exercise price of $84.85 (cost $509,100) and sold 6,000 shares in an open-market transaction at $433.79 each for proceeds of $2,602,740. The filing also lists a related derivative conversion reported at $0.00; the filing does not further detail that line.

Key Details

• Transaction date: 2026-05-15. Filing date: 2026-05-19 (appears late; Form 4 is generally due within 2 business days of the transaction).
• Exercise (code M): 6,000 shares exercised at $84.85 — total exercise cost $509,100.
• Sale (code S): 6,000 shares sold at $433.79 — total proceeds $2,602,740.
• Additional derivative line: 6,000 shares reported as disposed at $0.00 (not further explained in the filing).
• Footnotes: Both the option exercise and the sale were effected pursuant to a Rule 10b5-1 trading plan adopted Nov 14, 2025. Option vesting schedule noted (1/3 on Aug 9 of 2021, 2022, 2023).
• Shares owned after transaction: Not specified in the provided filing.

Context
This was an option exercise followed by an immediate open-market sale (commonly a cashless exercise/sale). The trades were executed under a pre-established 10b5-1 plan, which is a structured program that allows insiders to sell shares at predetermined times. Sales by executives under 10b5-1 plans are often routine and do not by themselves indicate a change in company outlook.