Azar Samak L 4

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.