GLOBALFOUNDRIES (GFS) Chief Legal Officer Azar Samak L Sells 335 Shares

What Happened
Azar Samak L, Chief Legal Officer of GLOBALFOUNDRIES (GFS), sold 335 shares in an open-market transaction on July 30, 2026. The shares were disposed at $48.93 each for total proceeds of approximately $16,392. This was a sale (S) and not a purchase.

Key Details

• Transaction date: July 30, 2026; Form 4 filed July 31, 2026 (timely filing).
• Transaction type/code: Open-market sale (S).
• Price and size: 335 shares at $48.93 per share; proceeds ≈ $16,392.
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Footnote: Sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
• Reporting timeliness: Filing appears timely (reported the next day).

Context
A 10b5-1 plan lets insiders sell pre-arranged trades according to a schedule or set conditions; such sales are often routine and do not necessarily signal a change in the insider’s view of the company. For retail investors, purchases tend to carry more weight as a bullish signal; routine insider sales under 10b5-1 plans are commonly for liquidity or diversification, not necessarily negative commentary on company prospects.