Form 4: AMD CEO Lisa Su's Latest Stock Transactions

Advanced Micro Devices CEO Lisa Su reported recent stock transactions, including RSU vesting, tax-related share disposals, and transfers to grantor retained annuity trusts.

Summary

• Lisa T. Su, Chair, President & CEO of Advanced Micro Devices Inc. (AMD), reported transactions involving AMD common stock and Restricted Stock Units (RSUs).
• On August 9, 2025, 16,221 shares of common stock were acquired through the exercise/conversion of derivative securities (RSUs) at a price of $0.
• Concurrently, 6,383 shares of common stock were disposed of at a price of $172.76 to satisfy tax withholding obligations related to the RSU release.
• Following these transactions, Lisa Su directly beneficially owns 3,283,807 shares of AMD common stock.
• Indirect beneficial ownership includes shares held in various Grantor Retained Annuity Trusts (GRATs): 56,365 shares in GRAT 2021B, 156,750 shares in GRAT 2021C, 127,760 shares in LTS 2022 GRAT A, 167,316 shares in LTS 2022 GRAT B, 200,000 shares in 2025 GRAT A, and 200,000 shares in 2025 GRAT B.
• On January 23, 2025, a total of 109,939 shares were distributed to Lisa Su as annuity distributions from the 2021B, 2021C, LTS 2022 GRAT A, and LTS 2022 GRAT B trusts.
• On March 12, 2025, Lisa Su contributed a total of 400,000 shares (200,000 to each) to the newly established 2025 GRAT A and 2025 GRAT B.
• The RSUs vest 1/4 on each of August 9, 2023, 2024, 2025, and 2026.

Sentiment

Score: 6

Explanation: The filing reflects routine executive compensation and estate planning activities. The acquisition of shares through RSU vesting is positive, while the tax-related disposal is a standard occurrence. No significant positive or negative surprises are indicated regarding company performance or outlook.

Positives

• Acquisition of 16,221 shares of common stock through RSU vesting, indicating compensation realization.
• Continued significant beneficial ownership by the CEO, totaling 3,283,807 direct shares and substantial indirect holdings through GRATs.

Negatives

• Disposal of 6,383 shares at $172.76 to cover tax withholding obligations, which reduces direct share count.

Future Outlook

NA

Industry Context

This Form 4 filing details routine insider transactions for executive compensation and estate planning purposes, common among high-level executives in the technology sector. It does not reflect broader industry trends or competitive positioning, but rather individual compensation and asset management strategies.

Related Party Transactions

• Lisa Su serves as trustee and sole annuitant of the Grantor Retained Annuity Trusts (GRATs) (2021B, 2021C, LTS 2022 GRAT A, LTS 2022 GRAT B, 2025 GRAT A, 2025 GRAT B) which hold significant portions of her indirect beneficial ownership. These trusts facilitate estate planning and are considered related party dealings.

Stakeholder Impact

• Shareholders: The report indicates the CEO's continued significant ownership in the company, aligning her interests with shareholders. The tax-related sale is a minor, routine event and does not signal a lack of confidence.
• Employees: No direct impact on employees is indicated by this filing.
• Customers/Suppliers/Creditors: No direct impact on these stakeholders is indicated by this filing.

Next Steps

• Future vesting of remaining Restricted Stock Units (RSUs) on August 9, 2026.

Key Dates

Keywords

AMD, Lisa Su, SEC Form 4, Insider Trading, Stock Transactions, Restricted Stock Units, RSU, Grantor Retained Annuity Trust, GRAT, Executive Compensation, Advanced Micro Devices