Form 4: AMD CEO Lisa Su Sells 99,211 Shares Under 10b5-1 Plan

Advanced Micro Devices CEO Lisa Su reported the sale of 99,211 shares of common stock on May 13, 2026, executed under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Advanced Micro Devices (AMD) Chair, President & CEO, Lisa T. Su, reported the sale of 99,211 shares of AMD common stock.
• The transactions occurred on May 13, 2026, through multiple trades at weighted average prices ranging from $433.26 to $457.41 per share.
• These sales were conducted pursuant to a Rule 10b5-1 trading plan adopted by Ms. Su on September 9, 2025.
• Following these transactions, Ms. Su directly beneficially owns 3,021,899 shares of AMD common stock.
• The reported beneficial ownership also includes indirect holdings through various trusts and family members, totaling 744,545 shares.
• The transactions also included annuity distributions on May 13, 2026, where 548 shares from Grantor Retained Annuity Trust 2025 GRAT A and 345 shares from Grantor Retained Annuity Trust 2025 GRAT B were distributed to Ms. Su.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this as a slightly negative event due to the significant insider selling by the CEO, despite it being pre-planned. While 10b5-1 plans are common, large sales can still raise questions about management's long-term conviction.

Positives

• The sales were executed under a pre-arranged Rule 10b5-1 trading plan, indicating a planned divestment rather than an immediate reaction to new information.

Negatives

• The CEO's sale of 99,211 shares represents a reduction in her direct ownership, which can sometimes be interpreted as a lack of confidence by investors, even if pre-planned.

Future Outlook

The filing does not contain any forward-looking statements or guidance.

Industry Context

StockSavvy.ai notes that insider sales, even when executed under a Rule 10b5-1 plan, are a routine part of executive compensation and personal financial planning. In the high-growth semiconductor industry, executives often hold substantial equity, and planned sales help manage portfolio diversification and liquidity. This particular filing does not indicate any specific industry trends or competitive shifts.

Comparison to Industry Standards

• Not applicable, as this filing pertains to an individual insider transaction rather than company performance or operational results.

Related Party Transactions

• Annuity distributions from Grantor Retained Annuity Trusts (GRATs) to Lisa Su.
• Indirect holdings through family trusts and family members.

Stakeholder Impact

• Shareholders: May interpret the CEO's share sales as a signal, potentially leading to short-term price volatility or a slight erosion of confidence, although the 10b5-1 plan mitigates immediate concerns.

Key Dates

Recommendation

While the CEO's sale of shares is a negative signal, it was executed under a pre-planned 10b5-1 trading plan, which reduces the immediate concern of opportunistic selling. The overall financial health and strategic direction of AMD are not addressed in this Form 4, so a "hold" recommendation is appropriate, pending further company-specific or market-wide news.

Keywords

Advanced Micro Devices, AMD, Lisa Su, Insider Trading, Form 4, Stock Sale, 10b5-1 Plan, CEO, Equity, Semiconductor