GLOBALFOUNDRIES (GFS) CLO Azar Samak Sells 335 Shares

What Happened
Azar Samak L, Chief Legal Officer of GLOBALFOUNDRIES (GFS), sold 335 shares in an open-market transaction on July 9, 2026. The shares were sold at $70.90 each for total proceeds of approximately $23,752. This was a sale (not a purchase), which is often routine and does not by itself indicate a change in insider sentiment.

Key Details

• Transaction date and price: July 9, 2026 — 335 shares at $70.90 per share.
• Total value: approximately $23,752.
• Shares owned after transaction: Not specified in the filing.
• Method/Code: Sale (S), reported as open market/private sale.
• Footnote: The sale was made pursuant to a Rule 10b5-1 trading plan (prearranged trading plan).
• Timeliness: Report filed July 13, 2026; filing appears to be timely under Form 4 rules.

Context
A Section 10b5-1 plan lets insiders sell or buy according to a prearranged schedule and can indicate the trade was preplanned rather than a reaction to recent company developments. Sales by executives are common for liquidity or diversification; purchases typically carry more weight when interpreting insider conviction.