Summary by Futu AI
GlobalFoundries Inc. officer David Reeder is set to sell 9,500 shares of common stock on January 22, 2024, with an aggregate market value of $563,920. The shares were originally acquired on the same date as part of an options grant dated 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 126,916 shares were sold for gross proceeds of $7,212,894.22. The notice of the planned sale was filed on January 22, 2024, with the plan for this transaction having been adopted on June 9, 2023.