GLOBALFOUNDRIES (GFS) CSO Michael Hogan Sells 2,800 Shares

What Happened
Michael Hogan, Chief Strategy Officer of GLOBALFOUNDRIES (GFS), sold 2,800 shares in an open-market/private sale on 2026-06-10 at $75.17 per share, generating proceeds of approximately $210,476. On the same date he disposed of an additional 150 shares as a gift (reported at $0.00). Both the sale and the gift were effected pursuant to a Rule 10b5-1 trading plan.

Key Details

• Transaction date(s): 2026-06-10
• Sale: 2,800 shares at $75.17 each — proceeds ~$210,476 (code S, open market/private sale)
• Gift: 150 shares (code G) reported at $0.00 — no proceeds
• Footnote: Both transactions were made under a Rule 10b5-1 trading plan (pre-arranged trades)
• Filing timeliness: Report filed 2026-06-12 for a 2026-06-10 trade (timely under Form 4 rules)
• Shares owned after transaction: Not disclosed in the provided filing details

Context
Sales executed under a 10b5-1 plan are pre-scheduled trades and are generally considered routine liquidity events rather than a clear signal about the insider’s view of the company. Gifts likewise do not necessarily reflect market sentiment. For retail investors, purchases are often more informative than routine sales; these transactions alone don’t provide evidence of a change in insider outlook.