Azar Samak L 4
4 · GLOBALFOUNDRIES Inc. · Filed Mar 23, 2026
Research Summary
AI-generated summary of this filing
GLOBALFOUNDRIES CLO Azar Samak Sells 500 Shares
What Happened
Azar Samak L, Chief Legal Officer of GLOBALFOUNDRIES (GFS), disposed of 500 shares in an open-market sale on March 19, 2026. The shares were sold at $41.59 per share for a total transaction value of $20,795. This was a sale (not a purchase) and is typically considered a routine disposition rather than an explicit market signal.
Key Details
- Transaction date: 2026-03-19
- Transaction type/code: Open-market sale (S)
- Price per share: $41.59; Total value: $20,795
- Shares owned after transaction: Not reported in the provided filing excerpt
- Footnotes: The sale was made pursuant to a pre-existing Rule 10b5-1 trading plan. The reporting person is subject to a lock-up agreement that expires May 10, 2026; this sale was allowed under that agreement.
- Filing timeliness: Form 4 filed on 2026-03-23 (within the standard SEC two-business-day window for a 2026-03-19 trade).
Context
Sales executed under a 10b5-1 plan are pre-arranged and commonly used by insiders to sell shares on a set schedule; they do not necessarily reflect new views on company prospects. The transaction size here ($20.8k) is relatively small for an executive-level sale.
Insider Transaction Report
Form 4
Azar Samak L
Chief Legal Officer
Transactions
- Sale
Ordinary Shares
[F1]2026-03-19$41.59/sh−500$20,795→ 19,494 total
Footnotes (1)
- [F1]The reporting person is subject to a lock-up agreement that expires on May 10, 2026 that was entered into with the underwriters in connection with an offering of securities by the issuer's majority shareholder. The sale of shares is a permissible exemption under the terms of the lock-up agreement. The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person prior to the offering.
Signature
/s/ Jeff Worth, as Attorney-in-fact for Reporting Person|2026-03-23