AMD CTO papermaster sells over $3m in company stock

In a recent move, Mark D. Papermaster, Chief Technology Officer and Executive Vice President of Advanced Micro Devices Inc., sold a substantial number of shares in the company. The transactions, all executed on March 15, 2024, involved the sale of AMD common stock worth over $3 million.

Papermaster's sales were conducted through multiple trades within a price range of $184.79 to $187.88 per share, with the total proceeds amounting to approximately $3,025,082. The exact number of shares sold at each price point within this range is available upon request, as per the footnotes in the SEC filing, which also indicate that these sales were pre-planned under a Rule 10b5-1 trading plan established on November 15, 2023.

In addition to the sales, Papermaster exercised options to acquire 16,200 shares of AMD common stock at a fixed price of $12.83 per share, totaling $207,846. These options were part of a compensation package with vesting terms spread over three years, starting from August 9, 2018.

Following these transactions, Papermaster's direct ownership in AMD common stock has adjusted to 1,554,602 shares. The SEC filing, which provides a detailed account of these transactions, underscores the routine nature of such trades by corporate executives, who often use pre-set trading plans to manage their stock holdings. $NVIDIA(NVDA.US)$ $Advanced Micro Devices(AMD.US)$