Form 4: AMD Executive Jean Hu Sells Shares Under 10b5-1 Trading Plan

Jean Hu, EVP, CFO and Treasurer of Advanced Micro Devices (AMD), sold a portion of her AMD stock holdings on June 10, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On June 10, 2024, Jean X. Hu, the EVP, CFO, and Treasurer of Advanced Micro Devices Inc. (AMD), sold shares of AMD common stock.
• The sales were executed in three separate transactions at weighted average prices of $160.75, $161.66, and $162.38 per share.
• The total number of shares sold was 8,383, 8,310, and 3,307 respectively.
• These transactions were conducted under a pre-arranged Rule 10b5-1 trading plan adopted on March 7, 2024.
• Following these sales, Jean Hu directly owns 39,506 shares of AMD common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting an executive's stock sale. It doesn't inherently convey positive or negative sentiment, as it's a routine disclosure.

Industry Context

Executive stock sales are a common occurrence in publicly traded companies and are often conducted under pre-arranged trading plans like Rule 10b5-1 to avoid accusations of insider trading. The market typically views these sales in the context of the executive's overall compensation and holdings.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.
• The impact on employees, customers, suppliers, and creditors is expected to be negligible.

Key Dates