Azar Samak L 4

What Happened

• Azar Samak L, Chief Legal Officer of GLOBALFOUNDRIES (GFS), sold 500 shares on May 14, 2026. The shares were sold at $74.82 per share for a total transaction value of $37,410. The sale is reported as an open-market or private sale (code S).

Key Details

• Transaction date and price: May 14, 2026 — 500 shares at $74.82 per share.
• Total proceeds: $37,410.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote: The sale was effected pursuant to a pre-arranged Rule 10b5-1 trading plan adopted by the reporting person (10b5-1 plans authorize scheduled trades and can reduce concerns about trading on inside information).
• Timeliness: Filed May 18, 2026 for a May 14 transaction — this filing appears to be timely (within the standard two business-day window for Form 4s).

Context

• Sales executed under a 10b5-1 plan are typically pre-scheduled and are common among executives; such sales are often routine and do not necessarily indicate a change in the insider’s view of the company. This transaction is a straightforward sale (not an option exercise, gift, or award).