Form 4: AMD CTO Transfers Shares to Grantor Retained Annuity Trusts

Advanced Micro Devices' Chief Technology Officer, Mark D. Papermaster, transferred a total of 413,212 shares of common stock into two grantor retained annuity trusts.

Summary

• Mark D. Papermaster, Advanced Micro Devices Inc.'s Chief Technology Officer and Executive Vice President, transferred a total of 413,212 shares of AMD common stock into two separate grantor retained annuity trusts (GRATs) on February 24, 2026.
• One GRAT received 206,606 shares, with Mr. Papermaster serving as the sole trustee and annuitant.
• The second GRAT received 206,606 shares, with his spouse, Kathryn M. Papermaster, serving as the sole trustee and annuitant.
• These transactions were reported with a price of $0, indicating a non-sale transfer, typically for estate planning purposes.
• Following these transactions, Mr. Papermaster's direct beneficial ownership of AMD common stock decreased to 1,300,793 shares.
• Indirect beneficial ownership through the two GRATs increased by a total of 413,212 shares (206,606 shares for each GRAT).

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The transfer of shares to GRATs is a personal estate planning strategy and does not reflect on the company's operational performance or management's confidence in the business.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider transfers to grantor retained annuity trusts (GRATs) are common estate planning tools used by executives to transfer wealth to beneficiaries while potentially minimizing estate and gift taxes. This type of transaction is generally considered a neutral event for the company's operational performance or immediate stock valuation, as it reflects personal financial planning rather than a change in confidence in the company's future.

Comparison to Industry Standards

• This transaction is a standard estate planning technique, a Grantor Retained Annuity Trust (GRAT), commonly utilized by high-net-worth individuals and corporate executives across various industries, including technology.
• Similar GRAT structures have been used by executives at companies like Apple and Microsoft for wealth transfer purposes.
• The specific number of shares transferred (413,212) is significant in absolute terms but represents a portion of Mr. Papermaster's total holdings, aligning with typical practices where executives diversify their estate planning strategies without fully divesting their company stock.

Related Party Transactions

• Transfer of 206,606 shares of common stock to a grantor retained annuity trust for which the reporting person's spouse, Kathryn M. Papermaster, serves as sole trustee and annuitant.

Stakeholder Impact

• Shareholders: No direct impact on company operations or immediate stock value.
• Employees: No direct impact.
• Customers: No direct impact.
• Suppliers: No direct impact.
• Creditors: No direct impact.

Key Dates

Recommendation

The filing details an insider's personal estate planning through the transfer of shares to grantor retained annuity trusts. This is a neutral event that does not reflect on the company's operational performance, financial health, or future prospects, and therefore does not warrant a change in investment recommendation based solely on this information.

Keywords

AMD, Advanced Micro Devices, Mark D. Papermaster, Chief Technology Officer, CTO, SEC Form 4, Insider Transaction, Beneficial Ownership, Grantor Retained Annuity Trust, GRAT, Estate Planning, Stock Transfer