Form 4: AMD Executive Mark Papermaster Exercises Options and Sells Shares

Mark Papermaster, AMD's Chief Technology Officer & EVP, executed stock options and sold shares under a pre-arranged 10b5-1 trading plan.

Summary

• On March 14, 2025, Mark Papermaster, Chief Technology Officer & EVP of Advanced Micro Devices Inc. (AMD), exercised stock options for 17,500 shares at a price of $19.10 per share.
• He then sold 15,708 shares at a weighted average price of $100.22 and 1,792 shares at a weighted average price of $100.68.
• These transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on November 5, 2024.
• Following these transactions, Papermaster directly owns 1,713,710 shares of AMD common stock and 70,498 derivative securities.

Sentiment

Score: 5

Explanation: Neutral sentiment as the transactions were part of a pre-planned trading strategy and do not necessarily indicate a change in the executive's outlook on the company.

Positives

• The transactions were executed under a pre-arranged 10b5-1 trading plan, which can mitigate concerns about insider trading.

Industry Context

Executive stock transactions are common in the tech industry and are often part of compensation packages. Monitoring these transactions can provide insights into executive sentiment and potential future company performance.

Comparison to Industry Standards

• Executive compensation packages in the semiconductor industry often include stock options and restricted stock units (RSUs) to align executive interests with shareholder value.
• Companies like Intel, NVIDIA, and Qualcomm also have executives who regularly exercise options and sell shares as part of their financial planning.
• The use of 10b5-1 trading plans is a standard practice among executives to avoid accusations of insider trading.

Stakeholder Impact

• The sale of shares could have a minor impact on the stock price, but the pre-planned nature of the transactions mitigates potential negative sentiment.

Key Dates