Azar Samak L 4

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.