GLOBALFOUNDRIES (GFS) Chief Legal Officer 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 2026-09-03. The shares were disposed at $43.24 per share for a total proceeds of about $14,485 (335 × $43.24 = $14,485.40). The sale is reported on a Form 4 filed 2026-09-04.

Key Details

• Transaction date and price: 2026-09-03 — Sale of 335 shares at $43.24 each.
• Total value: approximately $14,485 (report shows $14,485).
• Shares owned after transaction: not specified in this Form 4.
• Footnote: the sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
• Filing timeliness: Form 4 was filed the next day (2026-09-04), which is timely under Form 4 reporting rules.

Context

• This was a routine sale (S) rather than a purchase; sales can be for many personal reasons and do not necessarily indicate a change in view on the company.
• The use of a Rule 10b5-1 plan means the transaction was made under a pre-established trading arrangement that can permit automatic sales regardless of any intervening material nonpublic information.