GLOBALFOUNDRIES (GFS) CBO sells 1,800 shares, gifts 150 under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GLOBALFOUNDRIES Inc. Chief Business Officer Michael James Hogan reported an open-market sale and a gift of ordinary shares. On March 18, 2026, he sold 1,800 ordinary shares at an average price of $43.25 per share in an open-market transaction and made a bona fide gift of 150 ordinary shares. After these dispositions, he directly holds 22,745 ordinary shares. Both the sale and the gift are permitted exceptions under a lock-up agreement that runs through May 10, 2026, and were carried out under a pre-arranged Rule 10b5-1 trading plan adopted before the related offering.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 1,800 shares ($77,850)
Net Sell
2 txns
Insider
Hogan Michael James
Role
Chief Business Officer
Sold
1,800 shs ($78K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 1,800 | $43.25 | $78K |
| Gift | Ordinary Shares | 150 | $0.00 | -- |
Holdings After Transaction:
Ordinary Shares — 22,895 shares (Direct)
Footnotes (1)
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FAQ
What insider transactions did GLOBALFOUNDRIES (GFS) report for Michael James Hogan?
GLOBALFOUNDRIES reported that Chief Business Officer Michael James Hogan sold 1,800 ordinary shares and gifted 150 ordinary shares on March 18, 2026. These transactions were disclosed on Form 4 as open-market sale and bona fide gift dispositions of the company’s ordinary shares.
Were Michael James Hogan’s GLOBALFOUNDRIES (GFS) transactions under a Rule 10b5-1 plan?
Yes. The footnote explains that both the sale and the gift were executed pursuant to a Rule 10b5-1 trading plan. That plan was adopted before the related offering, indicating the transactions were pre-arranged rather than opportunistic trades based on short-term market movements.
What types of transactions were reported in the GLOBALFOUNDRIES (GFS) Form 4?
The Form 4 shows two non-derivative transactions in GLOBALFOUNDRIES ordinary shares: an open-market sale coded “S” for 1,800 shares, and a bona fide gift coded “G” for 150 shares. No derivative security exercises or conversions were reported.