Hogan Michael James 4

What Happened
Michael Hogan, Chief Strategy Officer of GlobalFoundries (GFS), reported sales and a gift of company stock. He sold 2,200 shares on 2026-07-08 at $65.90 each ($144,980) and sold 500 shares on 2026-07-09 at $70.90 each ($35,450), for total proceeds of $180,430. He also gifted 100 shares on 2026-07-08 (no proceeds). All transactions were dispositions (sales/gift), not purchases.

Key Details

• Transaction dates and prices:
  • 2026-07-08: Sold 2,200 shares @ $65.90 = $144,980; Gifted 100 shares @ $0.00.
  • 2026-07-09: Sold 500 shares @ $70.90 = $35,450.
• Total disposed: 2,700 shares sold for $180,430; 100 shares gifted.
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnote: All reported sales and the gift were effected pursuant to a Rule 10b5-1 trading plan (pre-arranged trading plan).
• Filing timeliness: Form 4 was filed on 2026-07-10 for transactions on 2026-07-08 and 2026-07-09 — within the usual two-business-day reporting window (timely).

Context

• These were sales (and a gift), which are often routine and may be pre-scheduled under a 10b5-1 plan; such plans limit what the trade timing indicates about current insider views. Gifts do not necessarily reflect the insider's market sentiment.