Azar Samak L, the Chief Legal Officer of GlobalFoundries Inc., recently reported the sale of 335 shares of the company. The transaction took place on November 5, 2026, and was disclosed in an SEC filing on November 6, 2026. This move is significant as it underscores the ongoing activities of executives within the semiconductor sector.

GlobalFoundries, which operates under the Central Index Key (CIK) 0001709048, is a prominent player in the semiconductor manufacturing industry. The company is known for its advanced manufacturing capabilities and is incorporated in the state of New York. It operates in the SIC classification of Semiconductors & Related Devices.

The filing indicates that the shares were sold at a price of $38.82 each. Following this transaction, Samak L retains ownership of 7,119 shares in the company. Notably, this sale was executed under a Rule 10b5-1 trading plan, which allows company insiders to set up a predetermined schedule for selling shares.

This transaction may have implications for other executives and stakeholders within GlobalFoundries and the broader semiconductor industry. Such sales can influence perceptions of company health and executive confidence among investors and analysts.

Details were not available in the SEC filing regarding any future transactions or plans following this sale. The filing serves to maintain transparency regarding insider trading activities within the company, a crucial aspect of corporate governance.