AMD EVP Norrod Forrest Exercises Options and Sells Shares

What Happened

• Norrod Forrest (EVP & GM, Data Center and SoC Group) exercised 7,261 stock options at $84.85/share (cost: $616,096) and conducted multiple open‑market sales totaling 17,261 shares on 2026-09-15. The reported sales generated approximately $8,683,155 in gross proceeds (overall weighted average ≈ $503.12/share).
• The filing also shows a derivative disposition of 7,261 shares at $0.00 (reported as a derivative disposal). The sales and the option exercise were effected pursuant to a Rule 10b5‑1 trading plan (adopted May 20, 2026).

Key Details

• Transaction date: 2026-09-15; Form 4 filed 2026-09-17 (timely; Form 4s are due within two business days).
• Option exercise: 7,261 shares at $84.85/share = $616,096 (Acquired).
• Open‑market sales: 17,261 shares in multiple trades, proceeds ≈ $8,683,155; per‑lot weighted average prices reported in the filing (individual trade price ranges given in footnotes from ~$497.98 to ~$506.92).
• Derivative entry: 7,261 shares listed as disposed at $0.00 (derivative line in the filing).
• Notable footnotes: F1/F2 indicate the option exercises and sales were executed pursuant to a 10b5‑1 plan adopted May 20, 2026; F11 notes original option vesting schedule (1/3 on Aug 9 of 2021, 2022 and 2023).
• Shares owned after transaction: not specified in the provided excerpt of the filing.

Context

• This filing shows an option exercise and same‑day sales under a pre‑arranged 10b5‑1 plan; that structure is commonly used to automate sales and avoid trading on inside information. The derivative line at $0.00 typically reflects shares surrendered in connection with the exercise (e.g., to cover taxes or option costs), as noted in similar filings, but the filing itself does not provide additional detail beyond the listed entries and footnotes.