GlobalFoundries Inc. Chief Legal Officer L. Azar Samak filed a Form 4 on October 23, 2026, disclosing the sale of 335 ordinary shares on October 22, 2026, under a Rule 10b5-1 trading plan.

Key Highlights

  • Reporting person: L. Azar Samak, Chief Legal Officer of GlobalFoundries Inc.
  • Transaction: Disposed of 335 ordinary shares (transaction code S) on October 22, 2026.
  • Sale price: $46.26 per share.
  • Remaining holdings: 7,789 ordinary shares held directly following the transaction.
  • 10b5-1 plan: The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.

GlobalFoundries CLO Share Disposal Under Prearranged Trading Plan

According to the filing, L. Azar Samak, serving as Chief Legal Officer of GlobalFoundries Inc. (NASDAQ:GFS), disposed of 335 ordinary shares on October 22, 2026, at a price of $46.26 per share. The transaction was reported via a Form 4 filed with the SEC on October 23, 2026. The filing indicates that the transaction code for the sale is "S," denoting an open-market or prearranged sale of securities.

The filing discloses that the sale was carried out pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person. Such plans allow corporate insiders to establish prescheduled instructions for buying or selling securities at a time when they are not aware of material nonpublic information. The filing does not specify the date the plan was adopted.

Following the reported transaction, the filing states that Azar Samak directly holds 7,789 ordinary shares of GlobalFoundries Inc. No derivative securities transactions were reported in Table II of the filing. The Form 4 was signed by Angela Corsilles as attorney-in-fact for the reporting person, and the filing address listed for Samak is 400 Stone Break Road Extension, Malta, New York 12020.

What Was Disclosed

The filing disclosed that GlobalFoundries Chief Legal Officer L. Azar Samak sold 335 ordinary shares at $46.26 per share on October 22, 2026, under a Rule 10b5-1 plan, leaving a direct beneficial ownership of 7,789 ordinary shares.