Azar Samak L 4
4 · GLOBALFOUNDRIES Inc. · Filed May 4, 2026
Research Summary
AI-generated summary of this filing
GLOBALFOUNDRIES (GFS) CLO Azar Samak Sells 500 Shares
What Happened
- Azar Samak, Chief Legal Officer of GLOBALFOUNDRIES (GFS), reported a sale of 500 shares on 2026-04-30 at $63.00 per share, totaling $31,500. The transaction was a sale (S), not a purchase.
Key Details
- Transaction date and price: 2026-04-30 — 500 shares at $63.00 each.
- Total proceeds: $31,500.
- Shares owned after transaction: Not disclosed in the provided filing summary.
- Filing and reporting: Form 4 filed 2026-05-04 (timely — within the SEC’s two-business-day filing window).
- Notable footnote: Sale was effected pursuant to a Rule 10b5-1 trading plan adopted prior to a securities offering. The reporting person was subject to a lock-up agreement (expires May 10, 2026); this sale was permitted under that lock-up.
Context
- Sales by insiders can be routine (liquidity, diversification, scheduled plans). This sale was executed under a pre-established 10b5-1 plan and allowed under the company’s lock-up, which reduces the implication that it was based on undisclosed, short-term information. For retail investors, purchases generally carry stronger informational weight than routine insider sales.
Insider Transaction Report
Form 4
Azar Samak L
Chief Legal Officer
Transactions
- Sale
Ordinary Shares
[F1]2026-04-30$63.00/sh−500$31,500→ 16,494 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|2026-05-04