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

Advanced Micro Devices EVP & GM DESG Forrest Norrod sold 2,250 shares of common stock for $165.01 per share under a pre-arranged trading plan.

Summary

• Forrest Eugene Norrod, EVP & GM DESG at Advanced Micro Devices Inc. (AMD), reported a sale of common stock.
• The transaction involved the disposition of 2,250 shares of AMD common stock.
• The shares were sold at a price of $165.01 per share.
• Following this transaction, Norrod directly beneficially owns 311,598 shares of AMD common stock.
• The sale was executed on September 24, 2025.
• This transaction was conducted pursuant to a Rule 10b5-1 trading plan adopted on June 6, 2025.

Sentiment

Score: 5

Explanation: The sale of shares by an executive, while a reduction in insider ownership, was conducted under a pre-arranged Rule 10b5-1 trading plan, which mitigates the negative signaling typically associated with insider selling. This makes the event largely neutral in terms of immediate sentiment.

Negatives

• EVP & GM DESG Forrest Norrod reduced his direct beneficial ownership by 2,250 shares.

Future Outlook

No specific future outlook or guidance is provided in this Form 4 filing, as it primarily reports an individual's stock transaction.

Industry Context

This filing reports an individual insider transaction and does not provide broader industry context or trends. It is specific to the personal trading activity of an Advanced Micro Devices executive.

Stakeholder Impact

• Shareholders: The reduction in direct beneficial ownership by an executive, while minor in scale and executed under a pre-arranged plan, is noted. However, the 10b5-1 plan suggests the transaction is not based on new material non-public information, thus limiting its signaling impact.

Key Dates

Recommendation

The reported sale of 2,250 shares by EVP & GM DESG Forrest Norrod is a routine transaction executed under a pre-established Rule 10b5-1 trading plan. This type of transaction is generally not considered a strong indicator of future company performance or a change in management's outlook, as it is scheduled in advance to avoid accusations of trading on material non-public information. Therefore, it does not warrant a change in investment recommendation based solely on this filing.

Keywords

AMD, Advanced Micro Devices, Forrest Norrod, Insider Trading, Form 4, Stock Sale, 10b5-1 Plan, Executive Compensation, Semiconductor