AMD CTO Paper Master Executes Options and Sells 6,000 Shares on July 15

AMD (Ticker: AMD) Chief Technology Officer (CTO) and Executive Vice President Mark D. Papermaster exercised 6,000 stock options at $84.85 per share on July 15, 2026, and on the same day sold 6,000 shares of common stock at an average price of $556.43 per share[2]. This transaction was executed under a Rule 10b5-1 plan adopted on November 14, 2025, resulting in a significant profit realization from the spread between the exercise price and the sale price, while also adjusting his equity position[2].

On July 15, Papermaster acquired 6,000 shares of AMD common stock through option exercise, securing $509,100 worth of equity, and subsequently sold the same number of shares at an average price of $556.43, realizing approximately $3,338,580 in cash[2]. The exercise was initially reported as the acquisition of 6,000 shares, increasing his direct holdings to 1,239,687 shares; after the sale of 6,000 shares, his final direct holding count was 1,233,687 shares[2].

In addition to his direct holdings, Papermaster indirectly holds 206,606 shares of AMD common stock in each of the “Mark D Papermaster AMD GRAT #1” and “Kathryn M Papermaster AMD GRAT #1” trusts, bringing his indirect stake to 413,212 shares[2]. This July transaction is a continuation of a similar structured option exercise and sale of 6,000 shares on June 15 (exercise price $84.85, average sale price $536.33), both executed under the same Rule 10b5-1 plan[1][2].

Papermaster’s Consecutive Option Exercises and Sales in June–July

Transaction	Date	Exercise Price (USD)	Shares Exercised	Exercise Amount (USD)	Average Sale Price (USD)	Shares Sold	Sale Proceeds (USD)
1st Transaction [1]	2026-06-15	84.85	6,000	509,100	536.33	6,000	3,217,980
2nd Transaction [2]	2026-07-15	84.85	6,000	509,100	556.43	6,000	3,338,580

In the June 15 transaction, he exercised options to acquire 6,000 shares of AMD common stock at the same exercise price of $84.85[1], and on the same day sold all of them at an average price of $536.33, realizing approximately $3,217,980[1]. The options vested in one-third annual installments from August 9, 2021, through 2023, and the remaining options are reported to remain exercisable until August 9, 2027[1].

Both the June 15 and July 15 transactions were automatically executed under a pre-established Rule 10b5-1 trading plan, characterized as planned liquidity events and portfolio diversification rather than discretionary public market sales[2]. Despite these two option exercises, Papermaster still holds over 1.2 million shares of direct ownership and more than 400,000 shares indirectly, maintaining a significant equity stake in AMD[1][2].

AMD CCO Philip Guido: RSU Vesting and Tax Withholding Sale

AMD Chief Commercial Officer (CCO) and Executive Vice President Philip Guido also had 7,495 restricted stock units (RSUs) vest on June 15, 2026, acquiring the same number of common shares[3]. This vesting increased his direct common stock holdings to 85,993 shares; however, following a share sale for tax withholding purposes, his final direct holdings stood at 83,043 shares[3].

Simultaneously with the RSU vesting, the company processed 2,950 common shares for tax withholding at an approximate per-share value of $547.26, covering a total of $161,432.70 for tax obligations[3]. As a result, Guido received 7,495 newly vested common shares, of which 2,950 were withheld for tax purposes, resulting in a net increase of 4,545 shares in his holdings[3].

Summary of Recent Equity Changes by AMD Key Executives

Executive	Position	Transaction Type	Date	Quantity (Shares)	Price (USD)	Notes
Mark D. Papermaster [1]	CTO & EVP	Option Exercise & Sale	2026-06-15	6,000	84.85 / 536.33	Sale under Rule 10b5-1 plan
Mark D. Papermaster [2]	CTO & EVP	Option Exercise & Sale	2026-07-15	6,000	84.85 / 556.43	Sale under Rule 10b5-1 plan
Philip Guido [3]	EVP & Chief Commercial Officer	RSU Vesting & Tax Withholding	2026-06-15	7,495 / 2,950	0 / 547.26	RSU vesting, shares withheld for tax purposes