GLOBALFOUNDRIES (GFS) CLO Azar Samak Sells 500 Shares

What Happened
Azar Samak L, Chief Legal Officer of GLOBALFOUNDRIES (GFS), sold 500 shares in an open-market transaction on April 23, 2026. The shares were disposed at $59.66 per share for a total proceeds of $29,830. This was a sale (liquidity) transaction rather than a purchase.

Key Details

• Transaction date: 2026-04-23
• Transaction type/code: Open market sale (S)
• Shares sold: 500 at $59.66 per share; total value $29,830
• Shares owned after transaction: Not disclosed in the details provided
• Footnote: Sale was effected pursuant to a Rule 10b5-1 trading plan adopted prior to an offering; reporting person is subject to a lock-up agreement (expires May 10, 2026) and this sale was a permitted exemption under that lock-up
• Filing: Report filed 2026-04-27 (appears timely within the two-business-day Form 4 window)

Context

• Sales executed under a pre-established 10b5-1 plan are typically pre-scheduled and can indicate routine liquidity rather than a reaction to inside information.
• Routine sales by executives are common and do not by themselves signal management sentiment; purchases are generally more informative about bullish conviction.