Norrod Forrest Eugene 4
4 · ADVANCED MICRO DEVICES INC · Filed May 22, 2026
Research Summary
AI-generated summary of this filing
AMD EVP Forrest Norrod Exercises Options, Sells $8.4M Stock
What Happened
- Forrest Norrod (EVP & GM, Design) exercised 8,237 stock options at $34.19 per share (cost ≈ $281,623) on May 20, 2026, and executed multiple open-market sales the same day disposing of 19,487 shares for aggregate proceeds of about $8,406,785.
- The Form 4 also records an 8,237-share derivative disposition at $0 (reported separately), which commonly reflects net settlement or tax-withholding related to an option exercise.
Key Details
- Transaction date: May 20, 2026; Form 4 filed May 22, 2026 (filed within the normal 2-business-day window; no late filing indicated).
- Sales prices (lot-weighted) ranged ~ $427.03 to $436.50 per share across multiple trades; overall sales totaled ~ $8.41M.
- Options exercised at $34.19 per share for a cash outlay of ≈ $281,623.
- Sales and the option exercises were effected pursuant to a Rule 10b5-1 trading plan adopted June 6, 2025 (Footnotes F1, F2).
- Shares owned after the transactions are not provided in the summary information supplied here (not disclosed in the excerpt).
- Transaction codes: M = option exercise/conversion; S = open-market sale.
Context
- This pattern—exercise of options followed by same-day sales—often reflects a planned (or cashless) exercise and sale; here the filings show the exercise and separate sales, and footnotes indicate the trades were pre-arranged under a 10b5-1 plan.
- For retail investors: these are executive sales under a pre-established plan and are routine disclosures of liquidity; they are factual transfers of shares and do not, by themselves, indicate company performance or insider sentiment.
Insider Transaction Report
Form 4
Norrod Forrest Eugene
EVP & GM DESG
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-05-20$34.19/sh+8,237$281,623→ 344,014 total - Sale
Common Stock
[F2][F3]2026-05-20$427.80/sh−516$220,745→ 343,498 total - Sale
Common Stock
[F2][F4]2026-05-20$428.45/sh−1,975$846,189→ 341,523 total - Sale
Common Stock
[F2][F5]2026-05-20$429.45/sh−2,667$1,145,343→ 338,856 total - Sale
Common Stock
[F2][F6]2026-05-20$430.68/sh−5,032$2,167,182→ 333,824 total - Sale
Common Stock
[F2][F7]2026-05-20$431.56/sh−3,287$1,418,538→ 330,537 total - Sale
Common Stock
[F2][F8]2026-05-20$432.78/sh−2,274$984,142→ 328,263 total - Sale
Common Stock
[F2][F9]2026-05-20$433.75/sh−1,284$556,935→ 326,979 total - Sale
Common Stock
[F2][F10]2026-05-20$435.18/sh−1,562$679,751→ 325,417 total - Sale
Common Stock
[F2][F11]2026-05-20$435.91/sh−890$387,960→ 324,527 total - Exercise/Conversion
Stock Option Grant
[F12]2026-05-20−8,237→ 0 totalExercise: $34.19Exp: 2026-08-09→ Common Stock (8,237 underlying)
Footnotes (12)
- [F1]The stock option exercises reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 6, 2025.
- [F10]Transaction executed in multiple trades at prices ranging from $434.53 to $435.44 per share, inclusive. The price reported in column 4 above reflects the weighted average sale price per share. The Reporting Person hereby undertakes to provide the SEC staff, the Issuer or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
- [F11]Transaction executed in multiple trades at prices ranging from $435.53 to $436.50 per share, inclusive. The price reported in column 4 above reflects the weighted average sale price per share. The Reporting Person hereby undertakes to provide the SEC staff, the Issuer or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
- [F12]The options vest 1/3 on each of August 9, 2020, 2021 and 2022.
- [F2]The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 6, 2025.
- [F3]Transaction executed in multiple trades at prices ranging from $427.03 to $427.98 per share, inclusive. The price reported in column 4 above reflects the weighted average sale price per share. The Reporting Person hereby undertakes to provide the SEC staff, the Issuer or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
- [F4]Transaction executed in multiple trades at prices ranging from $428.04 to $428.94 per share, inclusive. The price reported in column 4 above reflects the weighted average sale price per share. The Reporting Person hereby undertakes to provide the SEC staff, the Issuer or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
- [F5]Transaction executed in multiple trades at prices ranging from $429.05 to $430.02 per share, inclusive. The price reported in column 4 above reflects the weighted average sale price per share. The Reporting Person hereby undertakes to provide the SEC staff, the Issuer or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
- [F6]Transaction executed in multiple trades at prices ranging from $430.17 to $431.15 per share, inclusive. The price reported in column 4 above reflects the weighted average sale price per share. The Reporting Person hereby undertakes to provide the SEC staff, the Issuer or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
- [F7]Transaction executed in multiple trades at prices ranging from $431.18 to $432.00 per share, inclusive. The price reported in column 4 above reflects the weighted average sale price per share. The Reporting Person hereby undertakes to provide the SEC staff, the Issuer or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
- [F8]Transaction executed in multiple trades at prices ranging from $432.28 to $433.25 per share, inclusive. The price reported in column 4 above reflects the weighted average sale price per share. The Reporting Person hereby undertakes to provide the SEC staff, the Issuer or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
- [F9]Transaction executed in multiple trades at prices ranging from $433.32 to $434.20 per share, inclusive. The price reported in column 4 above reflects the weighted average sale price per share. The Reporting Person hereby undertakes to provide the SEC staff, the Issuer or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
Signature
/s/Forrest Eugene Norrod|2026-05-21