GLOBALFOUNDRIES (GFS) Director Glenda Dorchak Sells 4,000 Shares

What Happened Glenda Dorchak, a director of GLOBALFOUNDRIES (GFS), sold 4,000 shares in an open-market sale on July 20, 2026. The shares were sold at $58.22 per share for total proceeds of $232,880. This was a sale (not a purchase) and was executed pursuant to a pre-established trading plan.

Key Details

• Transaction date and price: 2026-07-20 — 4,000 shares sold at $58.22/share.
• Total proceeds: $232,880.
• Transaction type/code: Sale (S) — reported as an open market/private sale.
• Footnote: The sale was effected under a Rule 10b5-1 trading plan (pre-arranged plan).
• Filing/timeliness: Form 4 filed 2026-07-22 for the 2026-07-20 transaction — appears to be timely (within the typical two-business-day window).
• Shares owned after transaction: Not specified in the provided filing summary.

Context Sales made under 10b5-1 plans are pre-scheduled and common for insiders to manage holdings or diversify; they do not necessarily indicate a change in the insider’s view of the company. For retail investors, purchases typically carry more informational weight than routine, pre-planned sales.