Hogan Michael James 4
4 · GLOBALFOUNDRIES Inc. · Filed May 7, 2026
Research Summary
AI-generated summary of this filing
GLOBALFOUNDRIES (GFS) CBO Michael Hogan Sells 500 Shares
What Happened
Hogan Michael James (listed as Michael Hogan), GLOBALFOUNDRIES' Chief Business Officer, sold 500 shares of GFS common stock on May 5, 2026 at $70.00 per share, generating proceeds of $35,000. This was a sale (not a purchase) and therefore often viewed as routine insider selling rather than a direct bullish signal.
Key Details
- Transaction date and price: May 5, 2026 — 500 shares sold at $70.00 each.
- Total value: Approximately $35,000.
- Shares owned after transaction: Not specified in the summary provided in this request / not reported here.
- Filing date: Form 4 filed May 7, 2026 (report lists period of report as May 5, 2026); the filing shows no special late‑filing disclosure.
- Notable footnote: The reporting person is subject to a lock-up that expires May 10, 2026; this sale was permitted under that lock-up and was effected pursuant to a Rule 10b5-1 trading plan adopted before the offering.
Context
Sales executed under a pre-established Rule 10b5-1 trading plan are generally planned in advance and can be for routine or diversification/tax reasons; they do not necessarily reflect the insider’s current view of the company. The lock-up footnote indicates the sale complied with restrictions related to a recent offering by the issuer’s majority shareholder.
Insider Transaction Report
- Sale
Ordinary Shares
[F1]2026-05-05$70.00/sh−500$35,000→ 15,395 total
Footnotes (1)
- [F1]The reporting person is subject to a lock-up agreement that expires on May 10, 2026 that was entered into with the underwriters in connection with an offering of securities by the issuer's majority shareholder. The sale of shares is a permissible exemption under the terms of the lock-up agreement. The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person prior to the offering.