Summary by Futu AI
Victor Peng, President of Advanced Micro Devices (AMD), completed a gift transaction of AMD common stock on May 16, 2024. The transaction involved the disposal of 15,324 shares at no cost, leaving Peng with zero direct holdings in the company. Concurrently, an acquisition of the same number of shares, 15,324, was recorded as an indirect holding through a trust, with the nature of shares being indirect beneficial ownership. After the transaction, the total number of indirectly held shares by Peng is 251,590. The transaction was classified as a bona fide gift and was executed with a transaction price of $0.00, indicating no revenue was generated from this transfer.