Hogan Michael James 4

What Happened

• Michael (Michael James) Hogan, Chief Business Officer of GLOBALFOUNDRIES (GFS), disposed of 1,800 shares in an open-market/private sale on 2026-04-01 at $45.04 per share, netting $81,072. He also gifted 150 shares the same day (gift value reported as $0). These transactions were sales/gifts (not purchases), so they are not a direct bullish signal.

Key Details

• Transaction dates: 2026-04-01 (reported on Form 4 filed 2026-04-03).
• Sale: 1,800 shares at $45.04 each — total proceeds $81,072.
• Gift: 150 shares reported as disposed (value $0 on the Form 4 entry).
• Shares owned after transaction: not specified in the filing.
• Footnote: The 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 (per footnote F1).
• Filing timeliness: Filed within the Form 4 reporting window (no late filing indicated).

Context

• Gifts are not market sentiment indicators and may be for personal or tax/planning reasons; they do not reflect a purchase decision.
• The use of a pre-existing Rule 10b5-1 plan and lock-up exemption suggests trades were executed under a pre-authorized plan rather than ad-hoc timing by the insider.