Papermaster Mark D 4

What Happened

• Mark D. Papermaster, Chief Technology Officer & EVP of Advanced Micro Devices, exercised 6,000 stock options at $84.85 per share (total exercise cost $509,100) and sold 6,000 shares in an open-market transaction at $556.43 per share, generating proceeds of $3,338,580. The Form 4 also reports the conversion/disposition of the derivative (the options) related to this exercise.

Key Details

• Transaction dates: July 15, 2026 (exercise and sale)
• Exercise: 6,000 shares at $84.85 each — total cost $509,100
• Sale: 6,000 shares at $556.43 each — total proceeds $3,338,580
• Derivative entry: 6,000 options converted/disposed (reported at $0 proceeds) reflecting the option-to-share conversion
• Footnotes: Both the option exercises and the sales were effected pursuant to a Rule 10b5-1 trading plan adopted November 14, 2025 (F1, F2). The reported options had a vesting schedule of one-third on Aug 9 of 2021, 2022 and 2023 (F3).
• Shares owned after the transaction: Not specified in the details provided here.
• Filing timeliness: Reported Period 7/15/2026 and filed 7/17/2026 — appears timely under Form 4 rules.

Context

• This is essentially an exercised-and-sold (cashless) transaction: options were exercised and the resulting shares were sold the same day. The use of a 10b5-1 plan indicates these trades were pre-planned and automated rather than discretionary, which is common for scheduled insider transactions. As with all insider sales, this is a routine liquidity event and should not be taken alone as a signal of company outlook.