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AMDAdvanced Micro Devices Inc · Insider ownership research

Advanced Micro Devices Inc insiders sold $373M. How much of their stake is that?

About 13% overall. As a group they still hold 93% of their starting shares.

0
purchases by officers and directors
93%
of sales were under disclosed trading plans
7 of 17
officers and directors sold shares
Is this normal? In line with the past 5 years. 7 insiders sold; the average is 7 a year. Year by year
Latest filing: Filed Sep 17 for a sale on Sep 15. Forrest Norrod sold 17K shares ($8.7M) under a disclosed plan. Filing
Oct 8, 2025 to Oct 7, 2026 · 78 SEC ownership filings · updated Oct 7, 2026 · See the evidence

What stands out

  1. Paul Grasby sold 40% of vested holdings: 57K shares for $22.3M, none under a disclosed plan.Largest sale, May 8, 2026
  2. Nora Denzel (11% of holdings) sold $5.5M of stock with no disclosed trading plan. The filings don't state a reason.Largest such sale, Jun 2, 2026

Percentages cover 12 of 17 officers and directors. 5 are left out

i
Left out: Forrest Norrod, Jean Hu and Ava Hahn (most of their shares vested during the period, so a percentage would mislead); John Marren and Michael Gregoire (held no vested shares at the start).
Disclosed company stock is not an insider's whole wealth.

The evidence

Who sold7 officers and directors: amount, % of holdings, trading plan
Who soldAmount% of holdingsTrading plan
Lisa Su
Chair, President & CEO, Director
$239M
695K shares
16%Disclosed plan
Mark Papermaster
Chief Technology Officer & EVP
$55.5M
159K shares
9.3%Disclosed plan
Forrest Norrod
EVP & GM DSG
$33.7M
93K shares
i
No percentage: most of their shares vested during the period, so a percentage would mislead.
Disclosed plan
Paul Grasby
EVP & CSO
$22.3M
57K shares
40%No plan disclosed
Jean Hu
EVP, CFO and Treasurer
$14.2M
49K shares
i
No percentage: most of their shares vested during the period, so a percentage would mislead.
Disclosed plan
Nora Denzel
Director
$5.5M
10K shares
11%No plan disclosed
Ava Hahn
SVP, GC & Corporate Secretary
$2.2M
5.9K shares
i
No percentage: most of their shares vested during the period, so a percentage would mislead.
Disclosed plan

Outside holder, reported separately: Philip Carter (a 10% owner, not part of management). No open-market sales reported in the period. Latest filing

Outside holder, reported separately: Emily Ellis (a 10% owner, not part of management). No open-market sales reported in the period. Latest filing

The full ownership picture17 of 17 insiders fully reconciled · 15 officers and directors

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

InsiderHeld Oct 7, 2025SoldHeld Oct 7, 2026Still held
Lisa Su
i
Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Chair, President & CEO, Director
4.34M−695K3.79M87%
Vesting, gifts, unvested awards and holding lines for Lisa Su
+413Kshares vested or exercised
−105Kgifted (net of own trusts)
−162Kwithheld by the company for taxes
16K → 18Kunvested awards, start → end
  • Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Held throughShare classOct 7, 2025Oct 7, 2026
DirectCommon Stock3,359,7482,997,156
Grantor Retained Annuity Trust 2025 GRAT ACommon Stock200,000151,050
Grantor Retained Annuity Trust 2025 GRAT BCommon Stock200,000169,527
Grantor Retained Annuity Trust LTS 2022 GRAT BCommon Stock167,316151,776
Grantor Retained Annuity Trust 2021CCommon Stock156,750147,617
Grantor Retained Annuity Trust LTS 2022 GRAT ACommon Stock127,7600
Grantor Retained Annuity Trust 2021ACommon Stock74,47174,471
Grantor Retained Annuity Trust 2021BCommon Stock56,36526,034
Lisa Su and Daniel Lin Family Trust dated 11/3/2021Common Stock074,211
Through shareholdings of family memberCommon Stock0165
Through the shareholdings of a family memberCommon Stock0165

Additional holdings last reported Feb 15, 2022, not confirmed since: 133,453 shares. Not included in any total or percentage on this page.

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
91,173$134.27Aug 9, 2031$34.0M
102,516$177.51Aug 15, 2032$33.8M

Estimate: options held × ($506.88 − strike price), using the most recent insider trade price on Form 4 (Sep 15, 2026), not a market close.

Mark Papermaster
Chief Technology Officer & EVP
1.71M−159K1.67M98%
Vesting, gifts, unvested awards and holding lines for Mark Papermaster
+200Kshares vested or exercised
−28Kgifted (net of own trusts)
−53Kwithheld by the company for taxes
48K → 53Kunvested awards, start → end
Held throughShare classOct 7, 2025Oct 7, 2026
DirectCommon Stock1,714,5051,261,461
Mark D Papermaster AMD GRAT #1Common Stock0206,606
Kathryn M Papermaster AMD GRAT #1Common Stock0206,606

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
25,432$134.27Aug 9, 2031$9.5M
24,852$177.51Aug 15, 2032$8.2M

Estimate: options held × ($506.88 − strike price), using the most recent insider trade price on Form 4 (Sep 15, 2026), not a market close.

Jack Huynh
SVP & GM, Computing & Graphics
437K0498Kno sales
Vesting, gifts, unvested awards and holding lines for Jack Huynh
+99Kshares vested or exercised
0gifted (net of own trusts)
−38Kwithheld by the company for taxes
29K → 32Kunvested awards, start → end
Held throughShare classOct 7, 2025Oct 7, 2026
DirectCommon Stock436,600497,507

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
12,716$134.27Aug 9, 2031$4.7M
14,911$177.51Aug 15, 2032$4.9M

Estimate: options held × ($506.88 − strike price), using the most recent insider trade price on Form 4 (Sep 15, 2026), not a market close.

Forrest Norrod
EVP & GM DSG
312K−93K363Knot meaningful
Vesting, gifts, unvested awards and holding lines for Forrest Norrod
+213Kshares vested or exercised
0gifted (net of own trusts)
−68Kwithheld by the company for taxes
46K → 40Kunvested awards, start → end
Held throughShare classOct 7, 2025Oct 7, 2026
DirectCommon Stock311,598363,317

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
7,262$84.85Aug 9, 2027$3.1M
17,802$134.27Aug 9, 2031$6.6M
19,881$177.51Aug 15, 2032$6.5M

Estimate: options held × ($506.88 − strike price), using the most recent insider trade price on Form 4 (Sep 15, 2026), not a market close.

Paul Grasby
i
New Form 3 filed 2025-03-03; earlier filings set aside.
EVP & CSO
143K−57K118K82%
Vesting, gifts, unvested awards and holding lines for Paul Grasby
+59Kshares vested or exercised
0gifted (net of own trusts)
−28Kwithheld by the company for taxes
127K → 127Kunvested awards, start → end
  • New Form 3 filed 2025-03-03; earlier filings set aside.
Held throughShare classOct 7, 2025Oct 7, 2026
DirectCommon Stock143,344117,687

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
24,376$107.58Aug 9, 2028$9.7M
37,439$95.54Aug 9, 2029$15.4M
10,172$134.27Aug 9, 2031$3.8M
17,396$177.51Aug 15, 2032$5.7M

Estimate: options held × ($506.88 − strike price), using the most recent insider trade price on Form 4 (Sep 15, 2026), not a market close.

Nora Denzel
Director
95K−10K87K92%
Vesting, gifts, unvested awards and holding lines for Nora Denzel
+2.6Kshares vested or exercised
0gifted (net of own trusts)
4.2K → 5Kunvested awards, start → end
Held throughShare classOct 7, 2025Oct 7, 2026
DirectCommon Stock95,00787,173
Elizabeth Vanderslice
i
Minor difference of 13,337 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).
Director
73K062Kno sales
Vesting, gifts, unvested awards and holding lines for Elizabeth Vanderslice
+2.6Kshares vested or exercised
−30Kgifted (net of own trusts)
4.2K → 5Kunvested awards, start → end
Held throughShare classOct 7, 2025Oct 7, 2026
DirectCommon Stock31,10153,079
EV Grantor Annuity TR 2Common Stock30,0000
EV Grantor Annuity TR 3Common Stock12,0008,986

Reconciliation: minor difference of 13,337 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Jean Hu
EVP, CFO and Treasurer
65K−49K180Knot meaningful
Vesting, gifts, unvested awards and holding lines for Jean Hu
+270Kshares vested or exercised
0gifted (net of own trusts)
−106Kwithheld by the company for taxes
66K → 44Kunvested awards, start → end
Held throughShare classOct 7, 2025Oct 7, 2026
DirectCommon Stock40,038160,979
Grantor Retained Annuity Trust Hu 2025 GRAT-1Common Stock25,00019,243

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
20,345$134.27Aug 9, 2031$7.6M
21,124$177.51Aug 15, 2032$7.0M

Estimate: options held × ($506.88 − strike price), using the most recent insider trade price on Form 4 (Sep 15, 2026), not a market close.

Philip Guido
EVP & Chief Commercial Officer
50K0135Kno sales
Vesting, gifts, unvested awards and holding lines for Philip Guido
+138Kshares vested or exercised
0gifted (net of own trusts)
−54Kwithheld by the company for taxes
34K → 32Kunvested awards, start → end
Held throughShare classOct 7, 2025Oct 7, 2026
DirectCommon Stock50,498135,018

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
15,259$134.27Aug 9, 2031$5.7M
14,911$177.51Aug 15, 2032$4.9M

Estimate: options held × ($506.88 − strike price), using the most recent insider trade price on Form 4 (Sep 15, 2026), not a market close.

Abhijit Talwalkar
Director
22K022Kno sales
Vesting, gifts, unvested awards and holding lines for Abhijit Talwalkar
0shares vested or exercised
0gifted (net of own trusts)
4.2K → 5Kunvested awards, start → end
Held throughShare classOct 7, 2025Oct 7, 2026
DirectCommon Stock21,75421,754
Jon Olson
Director
20K020Kno sales
Vesting, gifts, unvested awards and holding lines for Jon Olson
0shares vested or exercised
0gifted (net of own trusts)
4.2K → 4.2Kunvested awards, start → end
Held throughShare classOct 7, 2025Oct 7, 2026
DirectCommon Stock6,6246,624
Revocable TrustCommon Stock13,55313,553
Ava Hahn
SVP, GC & Corporate Secretary
9K−5.9K27Knot meaningful
Vesting, gifts, unvested awards and holding lines for Ava Hahn
+45Kshares vested or exercised
0gifted (net of own trusts)
−22Kwithheld by the company for taxes
46K → 49Kunvested awards, start → end
Held throughShare classOct 7, 2025Oct 7, 2026
DirectCommon Stock9,03326,623

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
8,901$134.27Aug 9, 2031$3.3M
8,698$177.51Aug 15, 2032$2.9M

Estimate: options held × ($506.88 − strike price), using the most recent insider trade price on Form 4 (Sep 15, 2026), not a market close.

Joseph Householder
Director
6.5K09.1Kno sales
Vesting, gifts, unvested awards and holding lines for Joseph Householder
+2.6Kshares vested or exercised
0gifted (net of own trusts)
4.2K → 5Kunvested awards, start → end
Held throughShare classOct 7, 2025Oct 7, 2026
DirectCommon Stock6,4539,066
Timothy Ryan
i
Started reporting during the period; starting holdings are from the Form 3.
Director
63063no sales
Vesting, gifts, unvested awards and holding lines for Timothy Ryan
0shares vested or exercised
0gifted (net of own trusts)
0 → 548unvested awards, start → end
  • Started reporting during the period; starting holdings are from the Form 3.
Held throughShare classOct 7, 2025Oct 7, 2026
DirectCommon Stock6363
Kathleen McClure
i
Started reporting during the period; starting holdings are from the Form 3.
Director
40040no sales
Vesting, gifts, unvested awards and holding lines for Kathleen McClure
0shares vested or exercised
0gifted (net of own trusts)
0 → 1.6Kunvested awards, start → end
  • Started reporting during the period; starting holdings are from the Form 3.
Held throughShare classOct 7, 2025Oct 7, 2026
DirectCommon Stock00
managed accountCommon Stock4040

17 of 17 insiders fully reconciled: starting holdings plus reported transactions match ending holdings (16 exactly, 1 with a minor or footnoted difference). Percentages cover 12 of 17 officers and directors. Left out: Forrest Norrod, Jean Hu and Ava Hahn (most of their shares vested during the period, so a percentage would mislead); John Marren and Michael Gregoire (held no vested shares at the start). "Still held" compares ending with starting vested shares; a plus sign means the holding grew.

What explains the selling$373M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $373M across 1,069,402 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

The lighter segment is sales with no plan disclosed in the filing ($27.7M), including tax-related sales outside a plan.

No plan disclosed · $27.7M

Sales with no 10b5-1 plan and no tax reference in the filing. $22.3M of it is Paul Grasby. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: Paul Grasby, May 8, 2026

Taxes

530,992 shares ($230M) were withheld by the company for taxes, which isn't a market sale.

SellerShares soldProceedsUnder a disclosed planShare of totalSales dates
Lisa Su
Chair, President & CEO, Director
695K$239M100%64%Dec 11, 2025 to Sep 10, 2026
Mark Papermaster
Chief Technology Officer & EVP
159K$55.5M100%15%Oct 15, 2025 to Aug 20, 2026
Forrest Norrod
EVP & GM DSG
93K$33.7M100%9%Nov 19, 2025 to Sep 15, 2026
Paul Grasby
EVP & CSO
57K$22.3M0%6%Dec 4, 2025 to Aug 17, 2026
Jean Hu
EVP, CFO and Treasurer
49K$14.2M100%4%Nov 24, 2025 to Aug 25, 2026
Nora Denzel
Director
10K$5.5M0%1%May 29, 2026 to Jun 2, 2026
Ava Hahn
SVP, GC & Corporate Secretary
5.9K$2.2M100%0.6%Jan 16, 2026 to Aug 18, 2026

Sales by month

Oct 2025: $3.8MOct 2025Nov 2025: $11.6MDec 2025: $29.1MDec 2025Jan 2026: $572KFeb 2026: $35.1MFeb 2026Mar 2026: $19.0MApr 2026: $20.7MApr 2026May 2026: $78.5M$78.5MJun 2026: $65.3MJun 2026Jul 2026: $3.3MAug 2026: $48.7MAug 2026Sep 2026: $56.8MOct 2026
Monthly figures as a table
MonthSale proceeds
Oct 2025$3.8M
Nov 2025$11.6M
Dec 2025$29.1M
Jan 2026$572K
Feb 2026$35.1M
Mar 2026$19.0M
Apr 2026$20.7M
May 2026$78.5M
Jun 2026$65.3M
Jul 2026$3.3M
Aug 2026$48.7M
Sep 2026$56.8M
Oct 2026$0
Is this normal? Selling year by year5 earlier years to compare with

In line with the past 5 years. 7 insiders sold; the average is 7 a year.

12 months endingShares soldInsiders who soldProceeds
Oct 7, 2026
Latest 12 months
1.07M7$373M
Oct 7, 2025
1 year earlier
594K5$88.5M
Oct 7, 2024
2 years earlier
1.20M8$194M
Oct 8, 2023
3 years earlier
1.01M8$111M
Oct 8, 2022
4 years earlier
1.13M7$146M
Oct 8, 2021
5 years earlier
2.55M7$229M

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertaintyEvery officer and director reconciles

Every officer and director reconciles for this period.

Elizabeth Vanderslice: minor difference of 13,337 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology2,112 filings from SEC EDGAR, and how we read them

All 2,112 Forms 3, 4 and 5 filed for Advanced Micro Devices Inc (SEC CIK 2488) from Oct 25, 2002 to Sep 17, 2026, retrieved from SEC EDGAR on Oct 7, 2026. Prices are the ones reported in each filing, often weighted averages. 8 filings were left out because Advanced Micro Devices Inc filed them as an owner of another company's stock. 43 older filings exist only on paper and could not be read.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (60)No filing in 18 months; last reported balances, not in any total
NameLast filedLast reported balance
Darla SmithAug 13, 20247,758 shares, last reported balance as of Aug 9, 2024
Victor PengAug 13, 2024272,467 shares, last reported balance as of Aug 9, 2024
Dermot DurcanMay 10, 2024No balance on record
Harry WolinMar 11, 20241,437,953 shares, last reported balance as of Mar 7, 2024
Devinder KumarMar 20, 2023557,150 shares, last reported balance as of Mar 16, 2023
Rick BergmanFeb 13, 2023155,232 shares, last reported balance as of Feb 9, 2023
John CaldwellMay 20, 20224,672 shares, last reported balance as of Apr 1, 2022
Ahmed YahiaMay 6, 2019107,094,198 shares, last reported balance as of May 2, 2019
Sandeep ChennakeshuMar 1, 2019No balance on record
Mubadala Investment Co PJSCFeb 7, 201975,000,000 shares, last reported balance as of Feb 5, 2019
James AndersonAug 23, 2018551,338 shares, last reported balance as of Aug 22, 2018
Michael InglisMay 4, 2018No balance on record
Nicholas DonofrioApr 30, 2018517,437 shares, last reported balance as of Apr 26, 2018
Bruce ClaflinApr 12, 2017638,902 shares, last reported balance as of Apr 10, 2017
MUBADALA DEVELOPMENT CO PJSCMar 6, 201796,906,166 shares, last reported balance as of Mar 3, 2017
Henry ChowMay 16, 2016192,559 shares, last reported balance as of May 12, 2016
John HardingMay 16, 2016217,736 shares, last reported balance as of May 12, 2016
Martin EdelmanMay 16, 2016No balance on record
Michael BarnesMay 1, 2015292,166 shares, last reported balance as of Apr 29, 2015
John ByrneOct 17, 201485,338 shares, last reported balance as of Aug 25, 2014
Rory ReadAug 27, 2014750,845 shares, last reported balance as of Aug 25, 2014
Paulett EberhartMay 12, 2014246,389 shares, last reported balance as of May 8, 2014
Robert PalmerMay 20, 2013275,564 shares, last reported balance as of May 16, 2013
Craig ConwayMay 20, 2013106,329 shares, last reported balance as of May 16, 2013
Muhairi AlFeb 26, 2013107,073,795 shares, last reported balance as of Feb 22, 2013
Thomas SeifertJun 19, 2012151,842 shares, last reported balance as of May 9, 2012
Emilio GhilardiFeb 7, 20126,756 shares, last reported balance as of Feb 3, 2012
Derrick MeyerJan 12, 2011769,100 shares, last reported balance as of Jan 10, 2011
Robert RivetNov 9, 2010376,828 shares, last reported balance as of Nov 5, 2010
Thomas MccoyMay 25, 201012,926 shares, last reported balance as of May 24, 2010
Frank CleggApr 30, 201078,125 shares, last reported balance as of Apr 28, 2010
Allen SockwellFeb 24, 201013,256 shares, last reported balance as of Feb 22, 2010
Morton TopferAug 3, 2009No balance on record
Hector RuizFeb 24, 2009546,954 shares, last reported balance as of Feb 22, 2009
Randy AllenFeb 24, 2009108,365 shares, last reported balance as of Feb 22, 2009
Gustavo ArenasFeb 11, 200920,709 shares, last reported balance as of Feb 9, 2009
Adrian HartogMay 19, 2008111,064 shares, last reported balance as of May 9, 2008
Mario RivasMay 13, 200815,524 shares, last reported balance as of May 9, 2008
Michel CadieuxMay 13, 20087,744 shares, last reported balance as of May 9, 2008
James FleckMay 6, 20084,166 shares, last reported balance as of May 3, 2008
Phillip HesterFeb 26, 200811,131 shares, last reported balance as of Feb 22, 2008
Henri RichardAug 23, 200789,773 shares, last reported balance as of Aug 22, 2007
Dave OrtonMay 17, 2007191,920 shares, last reported balance as of Oct 25, 2006
Bruce ClaflinMay 7, 200712,500 shares, last reported balance as of Aug 4, 2006
Martin SeyerMar 2, 200719,057 shares, last reported balance as of Feb 28, 2007
Joseph MenardFeb 20, 2007148 shares, last reported balance as of Feb 9, 2007
Leonard SilvermanJan 16, 200713,292 shares, last reported balance as of Jan 12, 2007
William EdwardsNov 13, 200627,978 shares, last reported balance as of Nov 9, 2006
David EdmondsonFeb 2, 20069,722 shares, last reported balance as of Feb 1, 2006
Bertrand CambouNov 4, 20056,250 shares, last reported balance as of Nov 2, 2005
Iain MorrisJul 28, 2005No balance on record
Kevin LymanJul 28, 20056,277 shares, last reported balance as of Nov 10, 2004
Charles BlalackFeb 28, 20059,000 shares, last reported balance as of Feb 24, 2005
Gene BrownDec 16, 200449,248 shares, last reported balance as of Apr 26, 2004
SANDERS W J IIIApr 21, 2004519,212 shares, last reported balance as of Apr 19, 2004
William SiegleFeb 4, 200414,857 shares, last reported balance as of Jan 20, 2004
Thomas EbyFeb 4, 20043,826 shares, last reported balance as of Nov 4, 2003
Friedrich BaurDec 17, 20031,518 shares, last reported balance as of Nov 21, 2003
Robert HerbNov 26, 2003No balance on record
Stanley WinvickSep 23, 2003No balance on record