AMD CTO Mark Papermaster Exercises RSUs; Withholds Shares for Taxes

What Happened
Mark D. Papermaster, Chief Technology Officer and EVP of AMD, had RSUs convert into a total of 12,633 shares on August 9, 2026. Of those, 4,973 shares were withheld to satisfy tax withholding obligations at $483.36 per share, representing $2,403,749. The remaining shares were delivered to him (net = 12,633 - 4,973 = 7,660 shares). No open‑market sale of shares was reported.

Key Details

• Transaction date: August 9, 2026. Filing date: August 11, 2026 (filed timely).
• Conversion/acquisition: 12,633 shares reported as acquired at $0.00 (conversion of RSUs).
• Tax withholding: 4,973 shares withheld (disposed) at $483.36/share = $2,403,749.
• Additional derivative lines (5,431; 3,964; 3,238 shares) in the filing reflect the RSU settlements across grant tranches.
• Shares owned after the transaction: not specified in the filing.
• Footnotes: RSUs represent a contingent right to one share each; vesting schedules span various grants with vesting dates from 2023 through 2028. Withholding (code F) was used to cover taxes.

Context
This was a routine RSU vesting and tax‑withholding event (conversion of restricted stock units), not an open‑market purchase or sale intended to signal investment intent. Tax withholding via share retention is common and should not be interpreted as a market sentiment trade.