AMD EVP Forrest Norrod Exercises Options and Sells Shares Under 10b5-1 Plan

This SEC Form 4 filing reports that Forrest Eugene Norrod, Executive Vice President & GM DESG of Advanced Micro Devices Inc (AMD), exercised stock options and sold a significant portion of the resulting shares on May 20, 2026. Norrod exercised 8,237 stock options at an exercise price of $34.19 per share, acquiring the same number of AMD common shares. Concurrently, he sold 19,287 shares through multiple transactions at prices ranging from $427.80 to $435.91 per share, resulting in total proceeds of approximately $8.4 million. The transactions were executed pursuant to a Rule 10b5-1 trading plan adopted on June 6, 2025, which allows insiders to pre-arrange trades to avoid accusations of trading on non-public information. Following these transactions, Norrod's direct ownership decreased from 344,014 shares to 324,527 shares. The stock options were originally granted with a three-year vesting schedule ending August 9, 2022, and had an expiration date of August 9, 2026.