Azar Samak L 4

What Happened
Azar Samak L, Chief Legal Officer of GLOBALFOUNDRIES (GFS), disposed of 335 shares on July 2, 2026. The shares were sold at $77.36 per share for proceeds of $25,916. The Form 4 reports the transaction as a sale (S) executed via open market or private sale. Sales are often routine and do not necessarily indicate a change in insider sentiment.

Key Details

• Transaction date and price: 2026-07-02 — 335 shares sold at $77.36 each.
• Total value: $25,916.
• Shares owned after transaction: Not specified in this filing.
• Footnote: Sale was effected pursuant to a Rule 10b5-1 trading plan (prearranged plan).
• Filing: Form 4 filed 2026-07-07 (three business days after the trade); Form 4s are typically required within two business days, so this filing was submitted after the usual two-business-day window.

Context

• A Rule 10b5-1 plan means the sale was pre-scheduled under a trading plan adopted by the insider, which can reduce the implication that the transaction was based on nonpublic information.
• The size of the sale ($25.9k) is modest relative to many insider trades; purchases generally carry more weight as signals, while routine sales under 10b5-1 plans are common for liquidity or diversification.