Summary by Futu AI
GlobalFoundries Inc. officer David Reeder is set to sell 9,500 shares of common stock on January 31, 2024, with an aggregate market value of $530,575. The shares were originally acquired on the same date through an option granted on August 10, 2020, from the issuer, and will be paid for in cash. This planned transaction follows a series of sales over the past three months, where a total of 239,651 shares were sold for gross proceeds of $13,901,510.90. The notice for the upcoming sale was filed on January 31, 2024, with the plan for the sale having been adopted on June 9, 2023.