Azar Samak L 4

What Happened

Azar Samak L, Chief Legal Officer of GLOBALFOUNDRIES (GFS), sold 335 shares on June 25, 2026. The shares were disposed at $87.02 per share for a total proceeds of $29,152. This was a sale (not a purchase), and the filing notes the transaction was made pursuant to a pre-established Rule 10b5-1 trading plan.

Key Details

• Transaction date and price: 2026-06-25 — 335 shares sold at $87.02 each (total $29,152).
• Shares owned after transaction: Not specified in the information provided on this Form 4.
• Footnote: Sale effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person (pre-arranged trading plan).
• Filing date / timeliness: Form 4 filed 2026-06-29. (This filing falls within the standard two-business-day reporting window for officers.)

Context

• 10b5-1 plans allow insiders to sell shares according to a pre-set schedule or conditions and generally reduce the implication that the sale reflects new, material insider information.
• Sales by executives can be routine (diversification, liquidity, tax planning); purchasers are often seen as a stronger bullish signal than routine sales.