Form 4: Broadcom Director Harry L. You Sells 6,540 Shares
SEC Form 4
Broadcom director Harry L. You sold 6,540 shares of common stock at a weighted average price of $240.004 per share on December 17, 2024.
Summary
- Harry L. You, a director at Broadcom Inc., sold 6,540 shares of the company's common stock on December 17, 2024.
- The sale was executed at a weighted average price of $240.004 per share, with individual trades ranging from $240.00 to $240.14.
- Following the transaction, Mr. You directly owns 30,450 shares of Broadcom common stock.
- This total includes 1,890 restricted stock units and reflects a ten-for-one stock split that occurred on July 12, 2024.
Sentiment
Score: 5
Explanation: The document is a neutral report of a stock sale by a director, with no indication of positive or negative sentiment.
Industry Context
This is a routine disclosure of a stock sale by a company director, which is common practice and does not necessarily indicate a change in the company's outlook or performance.
Comparison to Industry Standards
- Insider sales are a common occurrence in publicly traded companies, and this transaction is within the normal range of such activities.
- Other technology companies such as Apple, Microsoft, and Nvidia also see regular insider trading activity, and this transaction is not unusual compared to those companies.
Stakeholder Impact
- The sale of shares by a director may have a minor impact on shareholder sentiment, but is unlikely to have a significant effect on the company's operations or other stakeholders.
Key Dates
| Date | Description |
|---|---|
| 07/12/2024 | Ten-for-one forward stock split of Broadcom's common stock became effective after market close. |
| 12/17/2024 | Harry L. You sold 6,540 shares of Broadcom common stock. |
| 12/19/2024 | Date of filing of the SEC Form 4. |
Keywords
Broadcom, stock sale, insider trading, director, Harry L. You, AVGO, share transaction
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