GlobalFoundries Chief Strategy Officer Michael James Hogan sold 2,700 ordinary shares and gifted 100 shares on July 8 and 9, 2026, reducing his direct holdings by 78% to 795 shares. The transactions, valued at approximately $187,124 based on a weighted average sale price of $66.83 per share, were executed under a pre-arranged Rule 10b5-1 trading plan. The sales occurred after the stock delivered a 70% one-year return as of the July 9 close, though shares had fallen from a 52-week high of $92.55 in late May amid a broader semiconductor sell-off. GlobalFoundries reported first-quarter revenue of $1.6 billion, up 3% year over year, with gross margin expanding to 27.6%.
Globalfoundries IncChief Strategy Officer sold 78% of his shares, signaling insider bearishness.