GLOBALFOUNDRIES (GFS) Chief Legal Officer Azar Samak Sells Shares

What Happened
Azar Samak L, Chief Legal Officer of GLOBALFOUNDRIES (GFS), sold 335 shares in an open-market transaction on July 16, 2026 at $59.18 per share, for proceeds of about $19,825. This was a sale (not a purchase or option exercise).

Key Details

• Transaction date and price: July 16, 2026 — 335 shares @ $59.18 each (total ≈ $19,825).
• Transaction type/code: Open-market sale (S).
• Shares owned after transaction: Not stated in the provided filing excerpt.
• Footnote: Sale was effected pursuant to a Rule 10b5-1 trading plan (pre-scheduled) per footnote F1.
• Filing date/timeliness: Form 4 filed July 20, 2026 — filed within the typical two-business-day reporting window.

Context
Sales made under Rule 10b5-1 plans are usually pre-arranged and can be routine (they do not necessarily signal a change in the insider’s view of the company). For retail investors, purchases are typically more informative than routine sales; this single small sale (~$20k) should be viewed as routine unless part of a larger pattern.