Hogan Michael James 4

What Happened

• Michael James Hogan (reported as Hogan Michael James), Chief Business Officer of GLOBALFOUNDRIES (GFS), disposed of shares on March 18, 2026. He sold 1,800 shares in an open-market sale at $43.25 each for total proceeds of $77,850 and also made a separate gift of 150 shares (no proceeds reported).
• These were sales/gifts (not purchases), which are often routine personal transactions rather than an expression of company outlook.

Key Details

• Transaction dates and prices: 2026-03-18 — Open-market sale: 1,800 shares @ $43.25 ($77,850); Gift: 150 shares @ $0.00.
• Shares owned after the transaction: Not disclosed in the provided filing extract.
• Footnotes/limitations: Reporting person is subject to a lock-up agreement (expires May 10, 2026); the sale and gift were permitted under that lock-up and were executed pursuant to a Rule 10b5-1 trading plan adopted before the offering.
• Filing timeliness: Report filed 2026-03-20 for transactions on 2026-03-18 — appears timely (Form 4 is generally due within two business days).

Context

• The sale was executed under a pre-established Rule 10b5-1 plan, which typically schedules trades in advance and can reduce the signal of opportunistic insider timing.
• The 150-share gift is a non-sale transfer and does not indicate market sentiment; gifts are often for personal or estate planning reasons.
• No option exercises or derivative transactions were reported for this filing.