Azar Samak L 4
Research Summary
AI-generated summary
GLOBALFOUNDRIES (GFS) Chief Legal Officer Azar Samak Sells 335 Shares
What Happened Azar Samak L, Chief Legal Officer of GLOBALFOUNDRIES (GFS), sold 335 shares in an open-market transaction on May 28, 2026. The shares were disposed at $80.90 each for proceeds of $27,102. This was a sale (often routine) rather than a purchase.
Key Details
- Transaction date and price: 2026-05-28 — 335 shares sold at $80.90 per share.
- Total value: $27,102 (proceeds from the sale).
- Shares owned after transaction: Not specified in the provided filing.
- Filing date and timeliness: Form 4 filed 2026-06-01; filing is timely based on the two-business-day rule.
- Footnote: The sale was made pursuant to a pre-established Rule 10b5-1 trading plan (per footnote F1), indicating it was a scheduled trade.
Context Sales under 10b5-1 plans are pre-scheduled and do not necessarily reflect the insider’s current view of the company. The transaction size here is modest; retail investors generally weigh insider purchases more heavily as potential bullish signals.