GLOBALFOUNDRIES (GFS) CLO Azar Samak Sells 335 Shares

What Happened

Azar Samak, Chief Legal Officer of GLOBALFOUNDRIES (GFS), sold 335 shares in a reported sale on 2026-08-06. The shares were disposed at $48.29 per share for a total of $16,177. The filing reports the sale code "S" (open market or private sale) and notes the transaction was made pursuant to a Rule 10b5-1 trading plan.

Key Details

• Transaction date: 2026-08-06; Filing date: 2026-08-10 (Form 4 accession 0001628280-26-055095).
• Price and amount: 335 shares at $48.29 per share; total proceeds $16,177 (approx.).
• Shares owned after transaction: not specified in the provided filing summary.
• Footnote: Sale effectuated under a Rule 10b5-1 trading plan (pre-established trading arrangement).
• Timeliness: Filing appears timely (filed within required reporting window).

Context

This was a sale under a prearranged 10b5-1 plan, which is commonly used by insiders to execute trades according to a schedule rather than real-time company views; such sales are often routine and do not necessarily signal a change in insider sentiment. The transaction size (~$16k) is relatively small.