Azar Samak L 4

What Happened
Azar Samak L, Chief Legal Officer of GLOBALFOUNDRIES (GFS), sold 335 shares in an open-market transaction on May 21, 2026. The shares were disposed at $77.99 per share for total proceeds of $26,127. This was a sale (not a purchase) and therefore is generally considered routine insider selling rather than a bullish purchase signal.

Key Details

• Transaction date and price: 2026-05-21 — 335 shares sold at $77.99 per share.
• Total value: $26,127.
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Footnote: The sale was made pursuant to a Rule 10b5-1 trading plan (pre-arranged plan) as noted in the filing.
• Filing: Form 4 filed on 2026-05-26 (the filing date is five days after the trade; note that Form 4s are generally due within two business days of a transaction).

Context
Sales executed under a 10b5-1 plan are pre-scheduled trades and are commonly used by insiders to reduce the appearance of trading based on nonpublic information; they do not necessarily indicate a change in the insider’s view of the company. The dollar amount here is modest ($26k), so this single transaction is unlikely to be material by itself. As always, investors should consider broader insider trading patterns and company fundamentals rather than a single sale when making investment decisions.