Summary by Moomoo AI
GlobalFoundries Inc. officer David Reeder is set to sell 17,738 common shares of the company, with an aggregate market value of approximately $1.07 million, on January 25, 2024. 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 193,416 shares were sold for gross proceeds of over $11.2 million.