GLOBALFOUNDRIES (GFS) CSO Michael Hogan Sells Shares

What Happened

• Michael James Hogan, Chief Strategy Officer of GLOBALFOUNDRIES (GFS), reported an open-market sale of 707 shares at $57.81 each on 2026-07-22, generating proceeds of $40,872. He also reported gifting 100 shares the same day.
• Both the sale and the gift are disposals (not purchases), so they represent insider selling activity rather than a bullish purchase signal.

Key Details

• Transaction date: 2026-07-22.
• Sale: 707 shares @ $57.81 per share = $40,872 (open-market sale).
• Gift: 100 shares @ $0.00 reported (disposition by gift).
• Footnote: Both transactions were effected pursuant to a Rule 10b5-1 trading plan (prearranged plan).
• Filing: Form 4 filed 2026-07-24 (appears timely based on the reported transaction date).
• Shares owned after transaction: not specified in the summary data provided here — see the full Form 4 for total post-transaction holdings.

Context

• Gifts are transfers for personal or estate planning and do not necessarily signal the insider’s view of the company’s shares.
• Transactions under a 10b5-1 plan are prearranged and can be executed automatically according to the plan’s terms; such plans are commonly used to avoid potential accusations of opportunistic trading.