Azar Samak L 4

What Happened

• Azar Samak L, Chief Legal Officer of GLOBALFOUNDRIES (GFS), sold 500 shares on May 7, 2026 at $72.19 per share, resulting in proceeds of $36,095. The transaction is reported as a sale (S) and was effected in the open market (or private sale designation on the Form 4).

Key Details

• Transaction date and price: May 7, 2026 — 500 shares at $72.19 each.
• Proceeds: $36,095.
• Shares owned after the transaction: not disclosed in the provided filing excerpt.
• Footnotes: The reporting person was subject to a lock-up agreement expiring May 10, 2026; the sale was a permissible exemption and was effected pursuant to a Rule 10b5-1 trading plan adopted before the offering.
• Filing timeliness: Form filed May 11, 2026 — within the required two business days after the May 7 transaction (timely).

Context

• This was a sale executed under a preexisting 10b5-1 plan and permitted under the issuer’s lock-up terms; such planned sales are typically routine and do not by themselves indicate the insider’s view of the company’s prospects. The dollar size (~$36k) is modest relative to typical insider trades.