Hogan Michael James 4
4 · GLOBALFOUNDRIES Inc. · Filed Apr 22, 2026
Research Summary
AI-generated summary of this filing
GLOBALFOUNDRIES (GFS) CBO Michael Hogan Sells 500 Shares
What Happened
Michael Hogan (Chief Business Officer) reported an open-market sale of 500 shares of GLOBALFOUNDRIES (GFS) on April 20, 2026. The shares were sold at $60.00 per share for aggregate proceeds of $30,000. This was a sale (S) — commonly a routine disposition rather than a direct bullish signal.
Key Details
- Transaction date: 2026-04-20; Filing date: 2026-04-22 (appears timely — within the typical two-business-day Form 4 window).
- Price and amount: 500 shares at $60.00 per share; total proceeds $30,000.
- Shares owned after transaction: Not specified in the Form 4 provided.
- Footnote: Sale was effected pursuant to a Rule 10b5-1 trading plan adopted prior to an offering. The reporting person is subject to a lock-up agreement expiring May 10, 2026; this sale was a permissible exemption under that lock-up.
- Transaction code: S = Sale.
Context
Because the sale was executed under a pre-existing Rule 10b5‑1 plan and allowed by a lock-up exemption, it is a prearranged/approved disposition rather than an ad-hoc trade. Sales by insiders occur for many reasons (diversification, liquidity, tax planning) and — unlike purchases — typically offer limited insight into management’s view of the company.
Insider Transaction Report
- Sale
Ordinary Shares
[F1]2026-04-20$60.00/sh−500$30,000→ 18,345 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.