Azar Samak L 4

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.