Azar Samak L 4

What Happened
Azar Samak L, Chief Legal Officer of GLOBALFOUNDRIES (GFS), sold 500 shares on April 2, 2026 at $42.96 per share, generating proceeds of $21,480. This was a sale (S), not a purchase or award—sales can be routine and do not necessarily indicate a change in insider view.

Key Details

• Transaction date and price: April 2, 2026 — 500 shares sold at $42.96 each (total $21,480).
• Shares owned after transaction: Not disclosed on this Form 4.
• Footnotes: Sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person prior to a related offering; reporting person is subject to a lock-up agreement that expires May 10, 2026, and this sale was a permissible exemption.
• Filing/timeliness: Form 4 filed April 6, 2026 for a transaction on April 2, 2026 — filed within the typical two-business-day window (timely).

Context
A Rule 10b5-1 plan lets insiders execute pre-set trades and can reduce concerns about timing or short-term market knowledge. The disclosed sale is modest in dollar size and was explicitly permitted under a lock-up exemption tied to a recent offering by the issuer’s majority shareholder.