Azar Samak L 4

What Happened
Azar Samak L, Chief Legal Officer at GlobalFoundries (GFS), sold 335 shares in an open-market transaction on June 11, 2026. The shares were sold at $77.00 each for gross proceeds of $25,795. This was a sale (not a purchase) and therefore is generally considered routine insider selling rather than a direct bullish signal.

Key Details

• Transaction date and price: 2026-06-11 — 335 shares at $77.00 per share.
• Total proceeds: $25,795 (gross).
• Shares owned after the transaction: Not specified in the provided filing excerpt.
• Method/footnote: Sale effected pursuant to a Rule 10b5-1 trading plan (footnote F1).
• Filing date vs. transaction date: Form filed on 2026-06-15 for a 2026-06-11 trade; the excerpt does not state whether the filing was marked late.

Context
Sales made under a 10b5-1 plan are preplanned transactions that insiders set up in advance and typically reduce the extent to which a single sale should be read as a signal about the insider’s current view of the company. For retail investors, a single modest sale like this is routine; purchases are usually more informative about insider confidence.