Azar Samak L 4
4 · GLOBALFOUNDRIES Inc. · Filed Apr 13, 2026
Research Summary
AI-generated summary of this filing
GLOBALFOUNDRIES (GFS) Chief Legal Officer Azar Samak Sells 500 Shares
What Happened
Azar Samak L, Chief Legal Officer of GLOBALFOUNDRIES (GFS), sold 500 shares on April 9, 2026 at $47.60 per share, generating $23,800 in proceeds. This was a sale (not a purchase) and was reported on a Form 4 filed April 13, 2026.
Key Details
- Transaction date and price: April 9, 2026 — 500 shares at $47.60 each.
- Total proceeds: $23,800.
- Shares owned after transaction: Not specified in the filing.
- Footnote: The sale was made pursuant to a Rule 10b5-1 trading plan adopted prior to a recent offering and is allowed under a lock-up agreement that expires May 10, 2026.
- Filing timeliness: Form 4 was filed April 13, 2026 (within the standard reporting window).
Context
A sale executed under a pre-established 10b5-1 plan and permitted by a lock-up agreement is typically considered a pre-arranged, routine disposition and does not, by itself, indicate a change in the insider’s view of the company. Retail investors should view this as insider liquidity rather than a clear signal about company fundamentals.
Insider Transaction Report
Form 4
Azar Samak L
Chief Legal Officer
Transactions
- Sale
Ordinary Shares
[F1]2026-04-09$47.60/sh−500$23,800→ 17,994 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|2026-04-13