GlobalFoundries (GFS) CLO Azar Samak Sells 335 Shares

What Happened
Azar Samak L, Chief Legal Officer of GlobalFoundries (GFS), sold 335 shares in an open‑market transaction on August 20, 2026. The shares were sold at $48.38 each for a total of roughly $16,207. This was a sale (not a purchase); sales by insiders can be routine portfolio management and do not by themselves indicate a change in company outlook.

Key Details

• Transaction date: 2026-08-20
• Price per share: $48.38; total proceeds ≈ $16,207
• Transaction type: Sale (open-market) reported on Form 4
• Footnote: Sale was effected under a Rule 10b5-1 trading plan adopted by the reporting person
• Filing date: 2026-08-24 — filed within the standard Form 4 reporting window (timely)
• Shares owned after transaction: Not disclosed in the provided filing excerpt

Context
Sales made under a 10b5-1 plan are pre‑arranged and executed according to a preset schedule or rules, which can reduce the informational significance of the trade. For retail investors, purchases typically signal stronger insider conviction than routine sales; this single, modest sale (~$16k) should be viewed in that light.