GLOBALFOUNDRIES (GFS) CPO Raman Pradheepa Sells Shares

What Happened
Raman Pradheepa, Chief People Officer of GLOBALFOUNDRIES (GFS), had 4,367 restricted stock units (RSUs vest and settle) on Sept 25, 2026 and disposed of those shares in two actions: 2,222 shares were withheld to cover tax/exercise obligations (2,222 @ $49.00, $108,878) and 2,145 shares were sold in the open market (2,145 @ $48.83, $104,740). Total shares disposed: 4,367 for aggregate proceeds/consideration of $213,618. These are sales/dispositions (not purchases).

Key Details

• Transaction dates and prices:
  • 2026-09-25: 2,222 shares withheld to satisfy tax/exercise obligations at $49.00/share — $108,878 (code F)
  • 2026-09-28: 2,145 shares sold in open market at $48.83/share — $104,740 (code S)
• Total shares disposed: 4,367; total value ≈ $213,618.
• Shares owned after transaction: not disclosed in the provided Form 4 excerpt.
• Notable footnotes:
  • F1: The 4,367 shares reflect RSUs that vested and were settled into ordinary shares on Sept 25, 2026.
  • F2: Additional RSU schedule disclosed (future vesting of 32,895; 22,826; and 6,231 RSUs on specified dates).
  • F3: The 2,222-share disposition was withholding by the issuer to satisfy tax obligations (cashless settlement).
  • F4: The open-market sale was effected under a pre-established Rule 10b5-1 trading plan.
• Filing timeliness: Form 4 was filed on 2026-09-29 for transactions dated 2026-09-25; this filing date falls within the typical two-business-day window for a Sept. 25 transaction.

Context
This was an RSU vest-and-settle event followed by routine tax withholding and an open-market sale (part executed under a 10b5-1 plan). Such transactions are common when equity awards vest and do not, by themselves, indicate the insider’s view on company prospects.