Azar Samak L 4

What Happened Azar Samak L, Chief Legal Officer of GLOBALFOUNDRIES (GFS), sold 500 shares on April 16, 2026, at $48.71 per share for a total of $24,355. This was a sale (not a purchase) and was reported on a Form 4 filed April 20, 2026. Sales are often routine; this one was executed under a pre-established Rule 10b5-1 trading plan.

Key Details

• Transaction date and price: April 16, 2026 — 500 shares at $48.71 each.
• Total proceeds: $24,355.
• Transaction type: Sale (open market or private sale as reported); effected pursuant to a Rule 10b5-1 trading plan.
• Lock-up note: Reporting person is subject to a lock-up expiring May 10, 2026; the sale was a permissible exemption under that agreement.
• Filing timeliness: Form 4 filed April 20, 2026 (within the 2 business-day window for a April 16 transaction).
• Shares owned after transaction: Not specified in the provided filing.

Context

• The sale was executed under a pre-established 10b5-1 plan and permitted under a lock-up agreement tied to an offering by the issuer’s majority shareholder; such planned sales are typically routine and were arranged prior to the offering. This filing is factual and does not by itself indicate the insider’s current view of the company.