Summary by Futu AI
GlobalFoundries Inc. officer David Reeder is set to sell 9,500 shares of common stock on January 18, 2024, with an aggregate market value of $531,620. 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 transaction follows a series of sales over the past three months, where a total of 107,916 shares were sold for gross proceeds of $6,137,969.22.