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

What Happened
Azar Samak L, GLOBALFOUNDRIES' Chief Legal Officer, sold 335 shares in an open-market transaction on 2026-09-24 at $45.72 per share, generating proceeds of $15,316. This was a sale (code S) and not a purchase—sales are often routine dispositions and do not necessarily indicate a change in company outlook.

Key Details

• Transaction date and price: 2026-09-24, 335 shares @ $45.72 each.
• Total proceeds: $15,316.
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Filing timeliness: Report filed 2026-09-25 (appears timely).
• Footnote: Sale was effected pursuant to a Rule 10b5-1 trading plan (pre-arranged trading plan).

Context
Sales executed under 10b5-1 plans are pre-scheduled and common for executives to manage diversification or cash needs; they often reflect planned activity rather than new information about the company. Retail investors typically watch insider purchases more closely as a stronger signal, but routine sales can still be useful for tracking insider liquidity.