AMD CTO Mark Papermaster Sells 28,811 Shares in Open-Market Trades

What Happened

• Mark D. Papermaster, Chief Technology Officer & EVP of Advanced Micro Devices, recorded a gift of 25,052 AMD shares on Aug 19, 2026 and multiple open-market sales on Aug 20, 2026.
• The open-market sales totaled 28,811 shares for aggregate proceeds of approximately $13,595,067 (weighted average ≈ $472/share). The gift had no proceeds reported.
• These transactions are sales/dispositions (not purchases), and the open-market trades were executed under a pre-established Rule 10b5-1 trading plan.

Key Details

• Transaction dates: Gift on 2026-08-19; open-market sales on 2026-08-20. Form 4 filed 2026-08-21 (appears timely).
• Prices reported (per trade, weighted averages): $466.60, $467.88, $469.85, $471.44, $472.36, $473.47, $474.35, $475.19. Footnotes cite execution price ranges for each sale (F2–F9).
• Shares sold (open market): 28,811 shares; proceeds ≈ $13.6M. Gifted shares: 25,052 (disposition reported as $0).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Notable footnotes: F1 — sales were effected pursuant to a Rule 10b5-1 trading plan adopted Nov 14, 2025; F2–F9 — individual sales executed in multiple trades at the price ranges shown; reporting person offers to provide per-trade breakdowns on request.
• Filing timeliness: Reported on 2026-08-21 covering transactions on 8/19–8/20; this filing date appears to meet Form 4 timing requirements.

Context

• Gifts are transfers and do not necessarily indicate the insider’s market view. The open-market sales were made under a 10b5-1 plan, which generally indicates pre-planned, automated selling rather than opportunistic trading.
• For retail investors, purchases typically carry more informational weight than routine, pre-planned sales; these transactions should be viewed as dispositions executed under a pre-existing plan, not an explicit endorsement or critique of firm prospects.